Mainstay Mackay Definedterm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of July, August and September 2021, Payable on July 30, 2021, August 31, 2021 and September 30, 2021, Respectively
July 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 July, August and September 2021. The dividends for the month of July, August and September 2021 are payable on July 30, 2021, August 31, 2021 and September 30, 2021 to the shareholders of record on July 15, 2021, August 16, 2021 and September 15, 2021 and the ex-dates are July 14, 2021, August 13, 2021 and September 14, 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 July, August and September 2021, Payable on July 30, 2021, August 31, 2021 and September 30, 2021, Respectively