NEW YORK, April 1, 2021 /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 2021. This amount is consistent with the
Fund's January, February and March 2021 dividend distribution,
which was also $0.085 per common
share.
Portfolio and municipal market commentary will be published on
or around April 1, 2021 and can be
retrieved here.
Dividend Distribution Schedule:
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
April
|
4/1/2021
|
4/14/2021
|
4/15/2021
|
4/30/2021
|
May
|
4/1/2021
|
5/14/2021
|
5/17/2021
|
5/28/2021
|
June
|
4/1/2021
|
6/14/2021
|
6/15/2021
|
6/30/2021
|
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 $662 billion in Assets Under Management* as
of December 31, 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 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 Insurance
Company's family of companies offers life insurance, retirement
income, investments and long-term care insurance. New York Life
Insurance Company 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 December 31, 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
10/15/2020: A.M. Best (A++), Fitch (AAA), Moody's Investors Service
(Aaa), Standard & Poor's (AA+) The financial strength of New
York Life Insurance Company applies only to its insurance products
and not to investment products which are subject to market risk and
fluctuation in value.
"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 $154 billion in assets
under management as of December 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 and Dublin. For
more information visit www.mackayshields.com.
*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 MacKay Shields LLC