NEW
YORK, April 1, 2022 /PRNewswire/ -- MainStay
MacKay DefinedTerm Municipal Opportunities Fund (the "Fund")
(NYSE:MMD) today announced monthly dividend distributions of
$0.085 per common share for the
months of April, May and June 2022. This amount is
consistent with the Fund's January, February and March
2022 dividend distribution, which was also $0.085 per common share.
Portfolio and municipal market commentary will be published
quarterly and can be retrieved here.
Dividend Distribution Schedule:
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
April
|
4/1/2022
|
4/13/2022
|
4/14/2022
|
4/29/2022
|
May
|
4/1/2022
|
5/13/2022
|
5/16/2022
|
5/31/2022
|
June
|
4/1/2022
|
6/14/2022
|
6/15/2022
|
6/30/2022
|
The Fund's dividend will be derived from its monthly
undistributed net investment income and is not expected to contain
any return of principal.
The Fund's daily New York Stock Exchange closing prices, net
asset values per share, as well as other information are available
by clicking here or by calling the Fund's shareholder
servicing agent at (855) 456-9683.
For more insights from MacKay Municipal Managers™ and our New
York Life Investments affiliates click here.
There are risks inherent in any investment, including market
risk, interest rate risk, credit risk and the possible loss of
principal. There can be no assurance that the Fund's investment
objectives will be achieved. Shares of closed-end funds frequently
trade at a discount from their net asset value, which may increase
investor risk.
About New York Life Investments
With over $700 billion in Assets Under Management* as
of December 31, 2021, New York Life Investments is
comprised of the affiliated global asset management businesses of
its parent company, New York Life Insurance Company, and offers
clients access to specialized, independent investment teams through
its family of affiliated boutiques. New York Life Investments
remains committed to clients through a combination of the diverse
perspectives of its boutiques and a long-lasting focus on
sustainable relationships.
*AUM includes assets of Investment Advisors affiliated with New
York Life Insurance Company as of December 31, 2021. AUM for
Candriam and Ausbil is reported at the spot rate.
"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.
About MacKay Shields LLC
MacKay Shields LLC (together with its subsidiaries, "MacKay")*,
a New York Life Investments Company, is a global asset management
firm with $164 billion in assets
under management as of December 31,
2021. MacKay manages fixed income and equity strategies for
high-net worth individuals and institutional clients, through
separately managed accounts and collective investment vehicles
including private funds, UCITS, ETFs, closed end funds and mutual
funds. MacKay maintains offices in New
York City, Princeton,
Los Angeles, London and Dublin. For more information, please visit
www.mackayshields.com or follow us on Twitter or LinkedIn.
*MacKay Shields is a wholly owned
subsidiary of New York Life Investment Management Holdings LLC,
which is wholly owned by New York Life Insurance Company.
Media Contact:
Allison
Scott | New York Life | (212) 576-4517 |
Allison_Scott@nylim.com
Investors Contact:
855-456-9683
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SOURCE New York Life Investments