NEW
YORK, April 1, 2024 /PRNewswire/
-- MainStay MacKay DefinedTerm Municipal Opportunities Fund
(the "Fund") (NYSE:MMD) today announced monthly dividend
distributions of $0.06 per common
share for the months of April, May, and June 2024. This amount
is consistent with the Fund's January, February, and March 2024 dividend distribution, which was also
$0.06 per common share.
Portfolio and municipal market commentary will be published on
or around April 1, 2024 and can be
retrieved here.
Dividend Distribution Schedule:
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
April
|
4/1/2024
|
4/15/2024
|
4/16/2024
|
4/30/2024
|
May
|
4/1/2024
|
5/15/2024
|
5/16/2024
|
5/31/2024
|
June
|
4/1/2024
|
6/14/2024
|
6/14/2024
|
6/28/2024
|
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 $716 billion in Assets
Under Management* as of December 31,
2023, New York Life Investments, Pensions and Investments'
25th Largest Money Manager**, 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. 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.
** On June 12, 2023, New York Life
Investments was ranked #25 in Pensions & Investments' Largest
Money Managers 2023 for the time period 12/31/21 – 12/31/22. (Managers are ranked by
total worldwide institutional assets under management. Full list
here.) No direct or indirect compensation was paid for the creation
and distribution of this ranking. For more information about
ranking click here - Largest Money Managers 2023 | Pensions &
Investments (pionline.com)
"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 Municipal Managers™
MacKay Municipal Managers™ is a recognized leader in active
municipal bond investing and is entrusted with $74 billion in assets under management, as of
12/31/23. The team manages a suite of highly rated municipal bond
solutions available in multiple vehicles. MacKay Municipal
Managers™ is a fundamental relative-value bond manager that
combines a top-down approach with bottom-up, credit research.
Our investment philosophy is centered on the belief that strong
long-term performance can be achieved with a relative value,
research driven approach in a highly fragmented, inefficient
municipal bond market.
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 $139 billion in assets
under management** as of December 31,
2023. MacKay manages fixed income 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 December 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:
Sara
Guenoun | New York Life | (212) 576-4757 |
Sara_j_Guenoun@newyorklife.com
Investors Contact:
855-456-9683
SMRU No. 6505960
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SOURCE New York Life Investments