NYLI MacKay DefinedTerm Muni Opps Fund Stock Price, News & Analysis

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.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) announced a monthly dividend of $0.075 per common share for April, May, and June 2023, a decrease from the previous $0.080 distribution. The dividend is derived from undistributed net investment income and will not include a return of principal. The declaration dates for the dividends are April 3, 2023, followed by ex-dates on April 13, May 12, and June 14, with payable dates on April 28, May 31, and June 30, 2023. Investors can access further insights on the portfolio and municipal market via the company’s website.