MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF APRIL, MAY AND JUNE 2022

Rhea-AI Summary

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced monthly dividend distributions of $0.085 per common share for April, May, and June 2022, consistent with the previous quarter's dividends. The declaration date for the April dividend is April 1, 2022, with a payable date of April 29, 2022. This dividend is sourced from the Fund's monthly undistributed net investment income and is not expected to involve a return of principal. The release includes a reminder of inherent investment risks, such as market and credit risks.

Positive

• Monthly dividend of $0.085 maintained, showcasing stability in income for shareholders.

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• None.

NEW YORK, April 1, 2022 /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 2022. This amount is consistent with the Fund's January, February and March 2022 dividend distribution, which was also $0.085 per common share.

Portfolio and municipal market commentary will be published quarterly and can be retrieved here.

Dividend Distribution Schedule:

Month	Declaration Date	Ex-Date	Record Date	Payable Date
April	4/1/2022	4/13/2022	4/14/2022	4/29/2022
May	4/1/2022	5/13/2022	5/16/2022	5/31/2022
June	4/1/2022	6/14/2022	6/15/2022	6/30/2022

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 $700 billion in Assets Under Management* as of December 31, 2021, 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.

*AUM includes assets of Investment Advisors affiliated with New York Life Insurance Company as of December 31, 2021. AUM for Candriam and Ausbil is reported at the spot rate.

"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 $164 billion in assets under management as of December 31, 2021. 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.

Media Contact:
Allison Scott | New York Life | (212) 576-4517 | Allison_Scott@nylim.com

Investors Contact:
855-456-9683

 

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SOURCE New York Life Investments

FAQ

What is the dividend amount for MMD in April, May, and June 2022?

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) declared a dividend of $0.085 per common share for each month.

When is the payable date for MMD's April dividend?

The payable date for the April dividend of MMD is April 29, 2022.

How is the dividend for MMD funded?

The dividend for MMD derives from its monthly undistributed net investment income and is not expected to include a return of principal.

What are the risks associated with investing in MMD?

Investing in MMD involves market risk, interest rate risk, credit risk, and the potential loss of principal.