MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of April, May and June 2021, Payable on April 31, 2021, May 28, 2021 and June 30, 2021
April 01, 2021 at 09:00 am EDT
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MainStay MacKay DefinedTerm Municipal Opportunities Fund announced monthly dividend distributions of $0.085 per common share for the months of April, May And June 2021. This amount is consistent from the Fund's December 2020 dividend distribution, which was also $0.085 per common share. Ex-date is April 14, 2021, May 14, 2021 and June 14, 2021; record date is April 15, 2021, May 17, 2021 and June 15, 2021; payment date is April 30, 2021, May 28, 2021 and June 30, 2021 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 April, May and June 2021, Payable on April 31, 2021, May 28, 2021 and June 30, 2021