Mainstay Mackay Definedterm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of January, February and March 2022, Payable on January 31, 2022, February 28, 2022 and March 31, 2022 Respectively
January 03, 2022 at 09:00 am
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MainStay MacKay DefinedTerm Municipal Opportunities Fund announced monthly dividend distributions of $0.085 per common share for the months of January, February and March 2022. This amount is consistent with the Fund's October, November and December 2021 dividend distribution, which was also $0.085 per common share. Ex-date is January 13, 2022, February 14, 2022 and March 14, 2022; record date is January 14, 2022, February 15, 2022 and March 15, 2022; payment date is January 31, 2022, February 28, 2022 and March 31, 2022 respectively.
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 Declares Monthly Dividend Distributions for the Months of January, February and March 2022, Payable on January 31, 2022, February 28, 2022 and March 31, 2022 Respectively