NYLI MacKay Muni Fund discloses advisory member’s zero share holdings

NYLI MacKay DefinedTerm Muni Opportunities Fund disclosed insider holdings information for advisory board member Jivraj Adeel.

Rhea-AI Filing Summary

NYLI MacKay DefinedTerm Muni Opportunities Fund disclosed insider holdings information for advisory board member Jivraj Adeel. As of the event date of January 1, 2026, the filing reports that Adeel beneficially owned 0 shares of beneficial interest, held directly. This is an initial ownership report that establishes Adeel’s starting position as an advisory board member without any reported equity stake in the fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jivraj Adeel

Role Insider

Type	Security	Shares	Price	Value
holding	Shares of beneficial interest	--	--	--

Holdings After Transaction: Shares of beneficial interest — 0 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the reporting person in the latest MMD insider ownership filing?

The reporting person is Jivraj Adeel, who is identified as an Advisory Board Member of NYLI MacKay DefinedTerm Muni Opportunities Fund.

How many NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) shares does Jivraj Adeel own?

The filing reports that Jivraj Adeel beneficially owns 0 shares of beneficial interest in NYLI MacKay DefinedTerm Muni Opportunities Fund.

What type of security is reported in the MMD insider ownership filing for Jivraj Adeel?

The filing covers shares of beneficial interest of NYLI MacKay DefinedTerm Muni Opportunities Fund.

Is Jivraj Adeel’s ownership in MMD direct or indirect?

The filing lists the ownership form as Direct (D), with no indirect beneficial ownership reported.

What is the event date for Jivraj Adeel’s reported holdings in MMD?

The date of the event requiring the statement is January 1, 2026.

Does the filing report any derivative securities for Jivraj Adeel in MMD?

No derivative securities are listed; Table II for derivative securities is present but contains no entries for Jivraj Adeel.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/08/2026 - 11:54 AM EST Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Jivraj Adeel

(Last) (First) (Middle)

51 MADISON AVENUE

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
NYLI MacKay DefinedTerm Muni Opportunities Fund [ MMD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Advisory Board Member

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Shares of beneficial interest	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Thomas C. Humbert, Jr., Attorney-in-Fact	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.