NEW YORK, Dec. 1, 2020 /PRNewswire/ -- MainStay MacKay
DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD)
today announced the monthly dividend distribution of $0.085 per common share for the month
of December 2020. This amount is consistent with the
Fund's prior dividend distributions in 2020, which were also
$0.085 per common share.
Portfolio and municipal market commentary will be published on
or around December 1, 2020 and can be
retrieved here.
Dividend Distribution Schedule:
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
December
|
12/1/2020
|
12/14/2020
|
12/15/2020
|
12/31/2020
|
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.
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
$144 billion in assets under
management as of August 31, 2020.
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, CLOs, UCITS, ETFs, closed end funds and mutual
funds. MacKay maintains offices in New
York City, Princeton,
Los Angeles, London and Dublin. For more information visit
www.mackayshields.com and connect with us
on LinkedIn and Twitter.
*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.
About New York Life Investments
With $600 billion in Assets Under Management* as of
June 30, 2020, New York Life
Investments is comprised of the affiliated global asset management
businesses of its parent company, New York Life Insurance Company
(New York Life), 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. "
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 New York Life
New York Life Insurance Company
(www.newyorklife.com), a Fortune 100 company founded in 1845, is
the largest mutual life insurance company in the United States** and one of the largest
life insurers in the world. Headquartered in New York City, New York Life's family of
companies offers life insurance, retirement income, investments and
long-term care insurance. New York Life has the highest financial
strength ratings currently awarded to any U.S. life insurer from
all four of the major credit rating agencies***.
*AUM includes assets of Investment Advisors affiliated with New
York Life Insurance Company as of June 30,
2020. AUM for Candriam and Ausbil is reported at the spot
rate.
**Based on revenue as reported by "Fortune 500 ranked within
Industries, Insurance: Life, Health (Mutual)," Fortune magazine,
5/18/20. For methodology, please see
http://fortune.com/fortune500/.
***Individual independent rating agency commentary as of
9/12/19: A.M. Best (A++), Fitch (AAA), Moody's Investors Service
(Aaa), Standard & Poor's (AA+).
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.
For more information about MainStay Funds®, call 800-624-6782
for a prospectus or summary prospectus. Investors are asked to
consider the investment objectives, risks, and charges and expenses
of the investment carefully before investing. The prospectus or
summary prospectus contains this and other information about the
investment company. Please read the prospectus or summary
prospectus carefully before investing.
MainStay Funds® are managed by New York Life
Investment Management LLC and distributed by NYLIFE Distributors
LLC, 30 Hudson Street, Jersey City,
NJ 07302, a wholly owned subsidiary of New York Life
Insurance Company. NYLIFE Distributors LLC is a Member
FINRA/SIPC.
Media Contact:
Allison
Scott | New York Life | (917) 579-8914 |
allison_scott@nylim.com
Investors Contact:
855-456-9683
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SOURCE MacKay Shields LLC