New York Life Investments announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund and the MainStay CBRE Global Infrastructure Megatrends Fund (the Funds) as a Class III Trustee. Mr. Abou-Jaoudé was recently announced as the new Chief Executive Officer of New York Life Investment Management LLC and previously served as the Chairman and Chief Executive Officer of Candriam since 2007. The size of each Fund's Board of Trustees will be increased to seven, also effective June 7, 2023, six of whom are independent.