SEC Form DEFA14A filed by NYLI CBRE Global Infrastructure Megatrends Term Fund
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):
| ☒ | No fee required. | |||
| ☐ | 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
| |||
| 2) | Aggregate number of securities to which transaction applies: N/A
| |||
| 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
| |||
| 4) | Proposed maximum aggregate value of transaction: N/A
| |||
| 5) | Total fee paid: N/A
| |||
| ☐ | 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. | |||
| 1) | Amount Previously Paid: N/A
| |||
| 2) | Form, Schedule or Registration Statement No.: N/A
| |||
| 3) | Filing Party: N/A
| |||
| 4) | Date Filed: N/A
| |||
September 2, 2024
Dear Shareholder:
I am writing to ask you to vote on your nominees for Trustees for NYLI CBRE Global Infrastructure Megatrends Term Fund (the “Fund” or “MEGI”), formerly known as the MainStay CBRE Global Infrastructure Megatrends Term Fund, at the September 27, 2024 Annual Meeting of Shareholders. Please vote in favor of your Incumbent Nominees using your Fund’s WHITE proxy card. The Board of Trustees of the Fund unanimously recommends that shareholders vote for the Fund’s nominated Incumbent Trustees.
The Fund is under attack by New York City based hedge fund firm, Saba Capital Management, L.P. (“Saba”), which also sent you proxy materials asking for your vote on an opposing trustee which Saba has nominated. Saba is a hedge fund that has a history of implementing initiatives that are intended to generate short-term profits to the benefit of Saba and its investors. The Fund’s Trustees oppose the Saba proxy solicitation and trustee. Please discard any GOLD proxy cards you receive from Saba.
If Saba’s solicitation is successful, it could disrupt MEGI’s operation and Saba’s nominee may propose a liquidity event that could adversely impact the Fund. Your Fund’s Board of Trustees urges you NOT to sign any proxy cards sent to you by Saba and sign and return all WHITE proxy cards that you receive from MEGI.
Please vote your shares by following the instructions on your Fund’s WHITE proxy card. Regardless of the number of shares you own, it is important that your shares be represented at the meeting by voting your proxy.
I ask that you vote all WHITE proxy cards you receive and discard any GOLD proxy cards.
If you have any questions, please contact our Proxy Solicitor, EQ Fund Solutions, at 800-848- 3374, Monday through Friday between the hours of 9:00 AM and 10:00 PM Eastern Time.
Thank you for voting.
Sincerely,
/s/ Kirk C. Lehneis
Kirk C. Lehneis
President
NYLI CBRE Global Infrastructure Megatrends Term Fund
“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.