Welcome to our dedicated page for NYLI MacKay DefinedTerm Muni Opportunities Fund news (Ticker: MMD), a resource for investors and traders seeking the latest updates and insights on NYLI MacKay DefinedTerm Muni Opportunities Fund stock.
NYLI MacKay DefinedTerm Muni Opportunities Fund reports recurring closed-end municipal bond fund developments under ticker MMD. News items primarily cover monthly dividend distribution declarations for common shares, references to net investment income, and updates tied to the fund’s New York Stock Exchange closing price and net asset value per share.
The fund seeks current income exempt from regular U.S. federal income taxes and total return through municipal bond investments. Company updates also include portfolio and municipal market commentary, closed-end fund trading risk language, and references to MacKay Municipal Managers’ active municipal bond research process.
The MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) announced a monthly dividend of $0.085 per common share for August 2020, consistent with previous distributions in 2020. This dividend is sourced from the Fund's undistributed net investment income and is not expected to include a return of principal. Key dates include the ex-dividend date on August 13, 2020, and the payable date on August 31, 2020. The Fund is managed by New York Life Investments, which manages $600 billion in assets.