NYLI MacKay DefinedTerm Muni Opportunities Fund Announces Preliminary Results of Tender Offer
As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to
Based on preliminary information, 9,080,459 common shares were tendered, representing approximately
The completion of the Fund’s tender offer is subject to certain conditions, including that the aggregate net assets of the Fund must equal or exceed
The Fund currently anticipates the satisfaction of all tender offer conditions and a successful completion of the tender offer and expects to announce the final results of the tender offer on or about November 18, 2024.
Shareholders participating in the tender offer will not receive the November or December 2024 monthly distributions on tendered shares.
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.
Past performance is no guarantee of future results, which will vary.
About New York Life Investments
With over
About MacKay Municipal Managers™
MacKay Municipal ManagersTM is a recognized leader in active municipal bond investing and is entrusted with
About MacKay Shields LLC
MacKay Shields LLC (together with its subsidiaries, "MacKay")2, a New York Life Investments company, is a global asset management firm with
1 New York Life Investment Management ranked 26th largest institutional investment manager in Pensions & Investments' Largest Money Managers 2024 published June 2024, based on worldwide institutional AUM as of 12/31/23. No direct or indirect compensation was paid for the creation and distribution of this ranking.
2 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.
3 Assets under management (AUM) as of September 30, 2024 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.
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Media:
Sara Guenoun | New York Life | (212) 576-4757 | Sara_j_Guenoun@newyorklife.com
Investors:
855-456-9683
Source: New York Life Investments