MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions For The Months Of July, August And September 2021
MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared monthly dividends of $0.085 per common share for July, August, and September 2021, maintaining the same level as the previous quarter. The dividends will be sourced from the Fund’s undistributed net investment income and are not expected to include a return of principal. Key dividend dates include: Declaration Date on July 1, 2021, Ex-Dates on July 14, August 13, and September 14, 2021, with Payable Dates on July 30, August 31, and September 30, 2021.
- Monthly dividends of $0.085 maintained for three consecutive months.
- Dividends sourced from undistributed net investment income.
- None.
NEW YORK, July 1, 2021 /PRNewswire/ --MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of
Portfolio and municipal market commentary will be published on or around July 1, 2021 and can be retrieved here.
Dividend Distribution Schedule:
Month | Declaration Date | Ex-Date | Record Date | Payable Date |
July | 7/1/2021 | 7/14/2021 | 7/15/2021 | 7/30/2021 |
August | 7/1/2021 | 8/13/2021 | 8/16/2021 | 8/31/2021 |
September | 7/1/2021 | 9/14/2021 | 9/15/2021 | 9/30/2021 |
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 over
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 March 31, 2021. 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, 6/2/2021. 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
*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
SOURCE New York Life Investments
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