New York Life Investments announced the appointment of Karen Hammond to the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund and the MainStay CBRE Global Infrastructure Megatrends Fund as a Class II Trustee. Ms. Hammond is replacing Richard H. Nolan, Jr., who has served as a Trustee to one or more of the registrants within the MainStay Group of Funds since 2006 and is retiring effective December 31, 2021. The size of each Fund's Board of Trustees will remain at seven, six of whom are independent.

Ms. Hammond has served as an Advisory Board Member of the MainStay Group of Funds since June of 2021 and has over 30 years of experience in the investment management industry, spending the majority of her career with Fidelity Investments from 1993 to 2013. Ms. Hammond served as Senior Vice President of Investment Services for Fidelity Management & Research Company from 2005 to 2007 and, most recently, was Managing Director of a private equity group within Fidelity from 2007 until 2013.