# EDGAR Filing Document

**Accession Number:** 0001855066
**File Stem:** 0001193125-25-163947
**Filing Date:** 2025-7
**Character Count:** 6643
**Document Hash:** a8db7eff6bd87e2893aea532844b0a67
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-163947.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001193125-25-163947

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NYLI CBRE Global Infrastructure Megatrends Term Fund
- **CENTRAL INDEX KEY:** 0001855066

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23654
- **FILM NUMBER:** 251144719

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212-576-7000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MainStay CBRE Global Infrastructure Megatrends Term Fund
- **DATE OF NAME CHANGE:** 20230630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MainStay CBRE Global Infrastructure Megatrends Fund
- **DATE OF NAME CHANGE:** 20210402

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

**SCHEDULE 14A INFORMATION** 

**PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE** 

**SECURITIES EXCHANGE ACT OF 1934** 

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))**

☐ Definitive Proxy Statement

☒ Definitive Additional Materials

☐ Soliciting Material Pursuant to Rule 14a-12

**NYLI CBRE GLOBAL INFRASTRUCTURE MEGATRENDS TERM FUND** 

**(Name of Registrant as Specified in its Charter)** 

**(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** 

Payment of filing fee (Check the appropriate box):

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| | | |
|:---|:---|:---|
| ☒ | No fee required. | No fee required. |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. | Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |
|  | 1) | Title of each class of securities to which transaction applies: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 2) | Aggregate number of securities to which transaction applies: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 4) | Proposed maximum aggregate value of transaction: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 5) | Total fee paid: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| ☐ | Fee paid with preliminary materials. | Fee paid with preliminary materials. |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
|  | 1) | Amount Previously Paid: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 2) | Form, Schedule or Registration Statement No.: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 3) | Filing Party: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
|  | 4) | Date Filed: N/A<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |

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**FOR NYLIM INTERNAL USE ONLY** 

We wanted to make you aware that the proxy statement for **MEGI** (**NYLI CBRE Global Infrastructure Megatrends Term Fund**) has been filed and will be mailed to shareholders in the coming weeks. The Annual Shareholder Meeting is scheduled for October 1, 2025, and shareholders will begin receiving proxy materials from both NYL Investments and Saba Capital, an activist hedge fund.

As with the 2024 proxy, this may generate questions from FAs whose clients receive multiple sets of materials and need help understanding what's going on.

<u>What's Happening:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's Board is seeking to re-elect five Trustees — two
Class II and three Class III — including Alan Latshaw, Karen Hammond, and others with deep experience in asset management, accounting, and fund governance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Saba Capital is again challenging the Board. They've nominated Paul Kazarian, an officer of Saba, and are
putting forward a non-binding proposal to eliminate the Fund's classified board structure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Board is unanimously opposed to both proposals and recommends shareholders vote "FOR" the
Fund's nominees and "AGAINST" the Saba Declassification Proposal.

<u>Fund Performance, Distribution Consistency, and Discount Narrowing:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MEGI has continued to pay monthly income since launch and remains focused on its core objective of delivering
high current income through a diversified infrastructure strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's market discount has narrowed meaningfully in recent months, reflecting stronger investor
sentiment and continued interest in the strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's Board nominees bring deep industry expertise and a fiduciary focus that aligns with the long-term
interests of all shareholders.

Shareholders will receive two sets of proxy materials — one from NYLI and one from Saba. FAs should encourage clients to read the official Proxy Statement and **vote using the WHITE proxy card**, which represents the Fund's nominees. Returning Saba's card, even to vote "Against" or "Withhold," will override any vote previously submitted.

**The Board recommends voting FOR the Fund's nominees on the WHITE card to support income consistency, long-term value, and strong governance.** 

We'll continue to keep you posted as the meeting date approaches. Please don't hesitate to reach out with any questions.