Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
19 Agosto 2024 - 9:15AM
Edgar (US Regulatory)
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 ☐
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to Rule 14a-12 |
MAINSTAY 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. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |
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Fee paid with preliminary materials. |
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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. |
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Dear Shareholder:
The 2024 Annual Meeting of Shareholders of the MainStay CBRE Global Infrastructure Megatrends Term Fund (the “Fund” or “MEGI”) is
scheduled for Friday, September 27, 2024. The Fund’s Board of Trustees recommends that you vote in favor of all proposals on the WHITE card from MEGI.
Why reject Saba and discard the GOLD proxy card?
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.
These initiatives can impede upon a fund’s ability to continue to deliver income and long-term performance for its shareholders. If Saba’s solicitation is successful, it could disrupt MEGI’s operation and it is likely their nominee
would propose a liquidity event that could adversely impact the Fund.
What is wrong with Saba’s solicitation efforts?
Saba offers no long-term plan for the Fund. Should its efforts succeed, Saba’s nominee is likely to propose a liquidity event that could necessitate
negative changes in the Fund’s investment approach and could create negative tax implications, which may result in reduced distributions to shareholders like you. In addition, based upon CBRE’s global infrastructure equity market outlook
and their expectations of stable or declining interest rates, we believe a liquidity event would likely reduce the Fund’s returns to the detriment of long-term shareholders.
Why vote the White Card?
The existing Board, including
the Fund’s nominees offer many years of pertinent fund governance, investment management, and closed-end fund experience. Replacing any of the existing Trustees will jeopardize the balance of skills that
the overall Board possesses and will likely undermine the performance of the Board and the Fund’s management. By contrast, based upon Saba’s prior actions with closed-end funds, Saba’s nominee
is likely to propose a liquidity event that we believe would adversely impact shareholders.
If you have already signed and returned a gold proxy card,
you have the right as a shareholder of the Fund to change your vote before the meeting takes place. You can do this by signing and returning the WHITE proxy card sent to you by the Fund, which will replace the proxy card you previously voted.
Regardless of the number of shares you own, it is important that your shares be represented at the meeting by voting your proxy.
If you have any
questions, please contact our Proxy Solicitor, EQ Fund Solutions, at XXX-XXX-XXXX, Monday through Friday between the hours of 9:00 AM and 10:00 PM Eastern Time.
Thank you for voting.
Sincerely,
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| /s/ Kirk C. Lehneis |
| President |
MainStay CBRE Global Infrastructure Megatrends Term Fund
MainStay CBRE Global Inf... (NYSE:MEGI)
Gráfica de Acción Histórica
De Jul 2024 a Ago 2024
MainStay CBRE Global Inf... (NYSE:MEGI)
Gráfica de Acción Histórica
De Ago 2023 a Ago 2024
