MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of January, February and March 2021, Payable on Jan. 29, 2021, Feb. 26, 2021 and Mar. 31, 2021 Respectively
January 04, 2021 at 09:00 am EST
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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 2021. This amount is consistent from the Fund's December 2020 dividend distribution, which was also $0.085 per common share. Ex-date is Jan. 14, 2021, Feb. 12, 2021 and Mar. 12, 2021; record date is Jan. 15, 2021, Feb. 16, 2021 and Mar. 15, 2021; payment date is Jan. 29, 2021, Feb. 26, 2021 and Mar. 31, 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 January, February and March 2021, Payable on Jan. 29, 2021, Feb. 26, 2021 and Mar. 31, 2021 Respectively
MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND 
