Welcome to our dedicated page for NYLI MacKay DefinedTerm Muni Opps Fund news (Ticker: MMD), a resource for investors and traders seeking the latest updates and insights on NYLI MacKay DefinedTerm Muni Opps Fund stock.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) is a diversified closed-end management investment company that predominantly invests in municipal bonds. Its stated objective is to seek current income exempt from regular U.S. federal income taxes, as well as total return, by focusing on municipal bonds whose interest is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes.
The news flow for MMD centers on its regular monthly dividend announcements and related shareholder information. The fund frequently issues press releases detailing its monthly dividend distributions per common share, along with declaration, ex-dividend, record, and payable dates. These notices typically state that the dividend is expected to be derived from the fund’s monthly undistributed net investment income and is not expected to contain any return of principal, unless otherwise disclosed under applicable regulations.
In addition to dividend information, fund communications often reference portfolio and municipal market commentary that is made available around the time of distribution announcements. These updates sit alongside standard risk disclosures that highlight market risk, interest rate risk, credit risk, and the possibility of loss of principal, as well as the fact that shares of closed-end funds frequently trade at a discount from net asset value.
Investors following MMD news can use this page to track the pattern of monthly income distributions, understand how the fund describes the tax-exempt nature of its income objective, and see how it communicates with shareholders about risks and reporting. Regular visits to this news feed can help users monitor the fund’s ongoing dividend practices and official statements.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) has announced the final results of its tender offer. Shareholders were allowed to tender up to 100% of their shares at $16.89 per share, representing the NAV on November 14, 2024. The tender offer resulted in 9,147,341 common shares being tendered, approximately 32.8% of outstanding shares. Following the successful tender offer, the Fund's term has been extended to December 31, 2036, and the management fee will be reduced from 0.60% to 0.54% between December 31, 2024, and December 31, 2025.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) has announced preliminary results of its tender offer, which expired on November 14, 2024. Shareholders were allowed to offer up to 100% of their shares for repurchase at 100% of NAV. Preliminary data shows 9,080,459 common shares were tendered, representing approximately 32.5% of outstanding shares. The tender offer completion requires the Fund's net assets to remain above $200 million after the transaction. If this condition is not met, the tender offer will be cancelled and the Fund will dissolve on December 31, 2024. Final results are expected around November 18, 2024.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) has declared its monthly dividend distribution of $0.06 per common share for November 2024. This distribution maintains consistency with October 2024's dividend amount. The dividend will be paid on November 29, 2024, to shareholders of record as of November 21, 2024. The distribution will be derived from monthly undistributed net investment income and is not expected to include any return of principal.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) has initiated a tender offer, allowing shareholders to offer up to 100% of their shares for repurchase at 100% of the net asset value per share. The offer expires on November 14, 2024. The Fund was the #1 performing fund among 37 Muni National Long closed-end funds over the trailing 10-year period ending September 30, 2024, based on both price and NAV returns.
The tender offer's completion is subject to conditions, including maintaining a minimum net asset value of $200 million. If this condition is not met, the Fund will dissolve on December 31, 2024. The Fund has paid $12.43 per share in total distributions since its inception in June 2012, with no return of capital. Modified distribution schedules for November and December 2024 have been announced.
NYLI MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) has announced its monthly dividend distribution for October 2024. The Fund will distribute $0.06 per common share, maintaining consistency with its July, August, and September 2024 dividend distributions. The dividend is scheduled to be declared on October 1, 2024, with an ex-date and record date of October 15, 2024, and a payable date of October 31, 2024.
The dividend will be sourced from the Fund's monthly undistributed net investment income and is not expected to include any return of principal. Investors can access additional information, including portfolio commentary, municipal market insights, and daily closing prices, through the Fund's website or by contacting the shareholder servicing agent.
MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) announced a consistent monthly dividend distribution of $0.06 per common share for July, August, and September 2024.
This is in line with the previous quarter's distribution. The dividends will be paid on July 31, August 30, and September 30, 2024, to shareholders on record as of July 15, August 15, and September 16, 2024, respectively.
The dividends are derived from the Fund’s monthly undistributed net investment income, with no expected return of principal. Risks include market risk, interest rate risk, and possible loss of principal.
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