MainStay DefinedTerm Municipal Opportunities Fund Appoints Yie-Hsin Hung to the Board of Trustees
January 03, 2017 at 09:28 am
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MainStay DefinedTerm Municipal Opportunities Fund announced the appointment of Yie-Hsin Hung, chief executive officer of New York Life Investment Management LLC (NYLIM), to the Fund's Board of Trustees. Ms. Hungjoined the Board on December 31, 2016, as a Class III trustee and replaced Christopher O. Blunt. Also on December 31, 2016, John A. Weisser retired from the Board. The total size of the Fund's Board of Trustees is currently eight, seven of whom are independent. Yie-Hsin Hung is the chief executive officer of NYLIM, a role she has held since 2015. She joined New York Life in 2010 to run the institutional investments business and was promoted to co-president of NYLIM in 2014.
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a diversified closed-end management investment company. The Fund's primary investment objective is to seek current income exempt from regular United States (U.S.) federal income taxes (but which may be includable in taxable income for the purpose of the Federal alternative minimum tax). The Fund's secondary objective is a total return. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes (except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund may invest in both tender option bond (TOB) floaters and TOB residuals. The Fund's manager is New York Life Investment Management LLC.
MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND 
