Saba Capital Management, L.P. → NYLI CBRE Global Infrastructure Megatrends Term Fund MEGI

On March 5, 2025, Saba Capital, on behalf of Saba Capital Master Fund, Ltd., sent a letter to the Issuer containing a shareholder proposal under Rule 14a-8 promulgated under the Securities and Exchange Act of 1934, as amended, for presentation to the Issuer's shareholders at the Issuer's 2025 annual meeting of shareholders, asking the Board to take all necessary steps in its power to declassify the Board (such letter, the "Declassification Proposal Letter"). The foregoing summary of the Declassification Proposal Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Declassification Proposal Letter, a copy of which is attached as Exhibit 2 and is incorporated by reference herein.