NEW
YORK, July 3, 2023 /PRNewswire/ -- MainStay
MacKay DefinedTerm Municipal Opportunities Fund (the "Fund")
(NYSE:MMD) today announced monthly dividend distributions of
$0.07 per common share for the months
of July, August and September 2023. This amount represents a
decrease from the Fund's April, May and June 2023 dividend
distributions, which were $0.075 per
common share.
Portfolio and municipal market commentary will be published on
or around July 3, 2023 and can be
retrieved here.
|
Dividend
Distribution Schedule:
|
|
|
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
April
|
7/3/2023
|
7/13/2023
|
7/14/2023
|
7/31/2023
|
|
May
|
7/3/2023
|
8/14/2023
|
8/15/2023
|
8/31/2023
|
|
June
|
7/3/2023
|
9/14/2023
|
9/15/2023
|
9/29/2023
|
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 $670 billion in Assets
Under Management* as of March 31,
2023, 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.
*Assets under management (AUM) includes assets of the investment
advisers affiliated with New York Life Insurance Company, other
than Kartesia Management and Tristan Capital Partners, as of
3/31/2023. As of 12/31/2022 New York
Life Investments changed its AUM calculation methodology, and AUM
now includes certain assets, such as non-discretionary AUM,
external fund selection, and overlay services, including ESG
screening services, advisory consulting services, white labeling
investment management services, and model portfolio delivery
services, that do not qualify as Regulatory Assets Under
Management, as defined in the SEC's Form ADV. AUM is reported in
USD. AUM not denominated in USD is converted at the spot rate as of
3/31/2023. This total AUM figure is less than the sum of the AUM of
each affiliated investment adviser in the group because it does not
count AUM where the same assets can be counted by more than one
affiliated investment adviser
"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 $132 billion in assets
under management** as of March 31,
2023. 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.
** Assets under management (AUM) as of March
31, 2023 represents assets managed by MacKay Shields LLC and
its subsidiaries but excludes certain accounts and other assets
over which MacKay Shields continues
to exercise discretionary authority to liquidate but which are no
longer actively managed.
Media Contact:
Allison
Scott | New York Life | (212) 576-4517 |
Allison_Scott@nylim.com
Investors Contact:
855-456-9683
SMRU No. 5764330
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SOURCE New York Life Investments
