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

New York Life Investments has announced the departure of Yie-Hsin Hung from the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI). Effective October 14, 2022, Hung's resignation follows her prior announcement of stepping down as CEO of New York Life Investment Management. The Boards of both funds will now consist of six members each. For details on risks and expenses, visit the respective fund websites provided.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced monthly dividends of $0.085 per common share for October, November, and December 2022, maintaining the previous distribution rate. The dividends result from the Fund's undistributed net investment income and are not expected to involve a return of principal. Key dates include the declaration date on October 3, 2022, and payment dates at the end of each respective month. For further details on the Fund's performance and market commentary, visit the provided New York Life Investments link.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced monthly dividend distributions of $0.085 per common share for July, August, and September 2022. This dividend amount is consistent with the prior three months. Key dates include declaration on July 1, with the payable date on July 29. The Fund's dividends will originate from monthly undistributed net investment income, without expectation of principal return. Investors can access portfolio insights and other information via the Fund's website.

The Board of Trustees of MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) has approved an amendment allowing a tender offer to purchase all its common shares at net asset value (NAV). This offer can occur within the next 12 months, contingent upon maintaining net assets above $200 million. If assets fall below this threshold, the offer will be canceled and the Fund will liquidate by December 31, 2024. Should the tender offer proceed successfully, the Fund may amend its trust declaration to continue as a perpetual closed-end fund.

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.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) has announced monthly dividend distributions of $0.085 per common share for January, February, and March 2022. This amount matches the previous quarterly dividend of $0.085 announced for the final three months of 2021. The dividend will be paid from the Fund's undistributed net investment income, with no return of principal expected. Key dates include the declaration date of January 3, 2022, and a payable date of January 31, 2022.

New York Life Investments appointed Karen Hammond as a Class II Trustee for the MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) and MainStay CBRE Global Infrastructure Megatrends Fund (MEGI), effective December 31, 2021. Hammond replaces Richard H. Nolan, Jr., who has retired after serving as a Trustee since 2006. Hammond brings over 30 years of investment management experience, having previously worked with Fidelity Investments, where she held senior roles. The board for each fund remains at seven, with six independent trustees.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) has announced monthly dividend distributions of $0.085 per common share for October, November, and December 2021, maintaining the same amount as the previous quarter. The declaration dates are set for October 1, 2021, with ex-dates occurring on October 14, November 12, and December 14. The dividends will be derived from undistributed net investment income and are not expected to include return of principal. Investors can find more information on the Fund's portfolio and market commentary on their website.

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.