{"id":390729,"date":"2020-12-01T09:03:47","date_gmt":"2020-12-01T14:03:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390729"},"modified":"2020-12-01T09:03:47","modified_gmt":"2020-12-01T14:03:47","slug":"mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/","title":{"rendered":"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 1, 2020<\/span> \/PRNewswire\/ &#8212; MainStay MacKay DefinedTerm Municipal Opportunities Fund (the &#8220;Fund&#8221;) (NYSE:MMD) today announced the monthly dividend distribution of <span class=\"xn-money\">$0.085<\/span> per common share for the month of\u00a0December 2020.\u00a0This amount is consistent with the Fund&#8217;s prior dividend distributions in 2020, which were also <span class=\"xn-money\">$0.085<\/span> per common share. <\/p>\n<p>Portfolio and municipal market commentary will be published on or around <span class=\"xn-chron\">December 1, 2020<\/span> and can be retrieved <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=4209093165&amp;u=http%3A%2F%2Fwww.nylinvestments.com%2Fportal%2Fsite%2FMainStayClosedEndFund&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a>.<\/p>\n<p>\n        <b><br \/>\n          <u>Dividend Distribution Schedule:<\/u><br \/>\n        <\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Month<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Declaration Date<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Ex-Date<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Record Date<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Payable Date<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">December<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12\/1\/2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12\/14\/2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12\/15\/2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 12\/31\/2020<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The Fund&#8217;s dividend will be derived from its monthly undistributed net investment income and is not expected to contain any return of principal.<\/p>\n<p>The Fund&#8217;s daily New York Stock Exchange closing prices, net asset values per share, as well as other information are available by clicking <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=4209093165&amp;u=http%3A%2F%2Fwww.nylinvestments.com%2Fportal%2Fsite%2FMainStayClosedEndFund&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a>\u00a0or by calling the Fund&#8217;s shareholder servicing agent at (855) 456-9683.<\/p>\n<p>For more insights from MacKay Municipal Managers\u2122 and our New York Life Investments affiliates click <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=2703525780&amp;u=https%3A%2F%2Fmainstayinvestmentsblog.com%2F&amp;a=here.\" rel=\"nofollow noopener noreferrer\">here.<\/a><\/p>\n<p>\n        <b>About MacKay Shields LLC<br \/><\/b>MacKay Shields LLC (together with its subsidiaries, &#8220;MacKay&#8221;) *,\u00a0a New York Life Investments Company, is a global asset management firm with <span class=\"xn-money\">$144 billion<\/span> in assets under management as of <span class=\"xn-chron\">August 31, 2020<\/span>. MacKay manages fixed income and equity strategies for high-net worth individuals and institutional clients, through separately managed accounts and collective investment vehicles including private funds, CLOs, UCITS, ETFs, closed end funds and mutual funds. MacKay maintains offices in <span class=\"xn-location\">New York City<\/span>, <span class=\"xn-location\">Princeton<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">London<\/span> and <span class=\"xn-location\">Dublin<\/span>. For more information visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=2981632601&amp;u=http%3A%2F%2Fwww.mackayshields.com%2F&amp;a=www.mackayshields.com\" rel=\"nofollow noopener noreferrer\">www.mackayshields.com<\/a> and connect with us on\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=36746690&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmackay-shields%2F&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a>\u00a0and\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=1205494746&amp;u=https%3A%2F%2Ftwitter.com%2FMacKayShields&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>. <\/p>\n<p>*<span class=\"xn-person\">MacKay Shields<\/span> is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, which is wholly owned by New York Life Insurance Company.<\/p>\n<p>\n        <b>About New York Life Investments<br \/><\/b>With <span class=\"xn-money\">$600 billion<\/span> in Assets Under Management* as of <span class=\"xn-chron\">June 30, 2020<\/span>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=1224793427&amp;u=https%3A%2F%2Fwww.morethaninvesting.com%2F&amp;a=New+York+Life+Investments\" rel=\"nofollow noopener noreferrer\">New York Life Investments<\/a> is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company (New York Life), and offers clients access to specialized, independent investment teams through its family of affiliated boutiques. New York Life Investments remains committed to clients through a combination of the diverse perspectives of its boutiques and a long-lasting focus on sustainable relationships. &#8220;<\/p>\n<p>New York Life Investments is both a service mark, and the common trade name of certain investment advisors affiliated with New York Life Insurance Company.<\/p>\n<p>\n        <b>About New York Life<br \/><\/b>New York Life Insurance Company (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=3692085681&amp;u=http%3A%2F%2Fwww.newyorklife.com%2F&amp;a=www.newyorklife.com\" rel=\"nofollow noopener noreferrer\">www.newyorklife.com<\/a>), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in <span class=\"xn-location\">the United States<\/span>** and one of the largest life insurers in the world. Headquartered in <span class=\"xn-location\">New York City<\/span>, New York Life&#8217;s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies***.<\/p>\n<p>*AUM includes assets of Investment Advisors affiliated with New York Life Insurance Company as of <span class=\"xn-chron\">June 30, 2020<\/span>. AUM for Candriam and Ausbil is reported at the spot rate.<\/p>\n<p>**Based on revenue as reported by &#8220;Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),&#8221; Fortune magazine, 5\/18\/20. For methodology, please see <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2996459-1&amp;h=3675252900&amp;u=http%3A%2F%2Ffortune.com%2Ffortune500%2F&amp;a=http%3A%2F%2Ffortune.com%2Ffortune500%2F\" rel=\"nofollow noopener noreferrer\">http:\/\/fortune.com\/fortune500\/<\/a>.<\/p>\n<p>***Individual independent rating agency commentary as of 9\/12\/19: A.M. Best (A++), Fitch (AAA), Moody&#8217;s Investors Service (Aaa), Standard &amp; Poor&#8217;s (AA+).<\/p>\n<p>\n        <b>There are risks inherent in any investment, including market risk, interest rate risk, credit risk and the possible loss of principal. There can be no assurance that the Fund&#8217;s investment objectives will be achieved. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk.<\/b>\n      <\/p>\n<p>\n        <b>For more information about MainStay Funds\u00ae, call 800-624-6782 for a prospectus or summary prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus or summary prospectus contains this and other information about the investment company. Please read the prospectus or summary prospectus carefully before investing.<\/b>\n      <\/p>\n<p>MainStay Funds<sup>\u00ae<\/sup> are managed by New York Life Investment Management LLC and distributed by NYLIFE Distributors LLC, 30 Hudson Street, <span class=\"xn-location\">Jersey City, NJ<\/span> 07302, a wholly owned subsidiary of New\u00a0York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA\/SIPC.<\/p>\n<p>\n        <b>Media Contact:<br \/><\/b><br \/>\n        <span class=\"xn-person\">Allison Scott<\/span> | New York Life | (917) 579-8914 | <a target=\"_blank\" href=\"mailto:allison_scott@nylim.com\" rel=\"nofollow noopener noreferrer\">allison_scott@nylim.com<\/a><br \/><b>Investors Contact:<br \/><\/b>855-456-9683<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY06920&amp;sd=2020-12-01\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020-301181987.html\">http:\/\/www.prnewswire.com\/news-releases\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020-301181987.html<\/a><\/p>\n<p>SOURCE  MacKay Shields LLC<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY06920&amp;Transmission_Id=202012010900PR_NEWS_USPR_____NY06920&amp;DateId=20201201\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Dec. 1, 2020 \/PRNewswire\/ &#8212; MainStay MacKay DefinedTerm Municipal Opportunities Fund (the &#8220;Fund&#8221;) (NYSE:MMD) today announced the monthly dividend distribution of $0.085 per common share for the month of\u00a0December 2020.\u00a0This amount is consistent with the Fund&#8217;s prior dividend distributions in 2020, which were also $0.085 per common share. Portfolio and municipal market commentary will be published on or around December 1, 2020 and can be retrieved here. Dividend Distribution Schedule: Month Declaration Date Ex-Date Record Date Payable Date December 12\/1\/2020 12\/14\/2020 12\/15\/2020 \u00a0 12\/31\/2020 The Fund&#8217;s dividend will be derived from its monthly undistributed net investment income and is not expected to contain any return of principal. The Fund&#8217;s daily New York Stock Exchange closing prices, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390729","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 1, 2020 \/PRNewswire\/ &#8212; MainStay MacKay DefinedTerm Municipal Opportunities Fund (the &#8220;Fund&#8221;) (NYSE:MMD) today announced the monthly dividend distribution of $0.085 per common share for the month of\u00a0December 2020.\u00a0This amount is consistent with the Fund&#8217;s prior dividend distributions in 2020, which were also $0.085 per common share. Portfolio and municipal market commentary will be published on or around December 1, 2020 and can be retrieved here. Dividend Distribution Schedule: Month Declaration Date Ex-Date Record Date Payable Date December 12\/1\/2020 12\/14\/2020 12\/15\/2020 \u00a0 12\/31\/2020 The Fund&#8217;s dividend will be derived from its monthly undistributed net investment income and is not expected to contain any return of principal. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/","og_locale":"en_US","og_type":"article","og_title":"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020 - Market Newsdesk","og_description":"PR Newswire NEW YORK, Dec. 1, 2020 \/PRNewswire\/ &#8212; MainStay MacKay DefinedTerm Municipal Opportunities Fund (the &#8220;Fund&#8221;) (NYSE:MMD) today announced the monthly dividend distribution of $0.085 per common share for the month of\u00a0December 2020.\u00a0This amount is consistent with the Fund&#8217;s prior dividend distributions in 2020, which were also $0.085 per common share. Portfolio and municipal market commentary will be published on or around December 1, 2020 and can be retrieved here. Dividend Distribution Schedule: Month Declaration Date Ex-Date Record Date Payable Date December 12\/1\/2020 12\/14\/2020 12\/15\/2020 \u00a0 12\/31\/2020 The Fund&#8217;s dividend will be derived from its monthly undistributed net investment income and is not expected to contain any return of principal. The Fund&#8217;s daily New York Stock Exchange closing prices, &hellip; Continue reading \"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-01T14:03:47+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY06920&amp;sd=2020-12-01","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020","datePublished":"2020-12-01T14:03:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/"},"wordCount":726,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY06920&amp;sd=2020-12-01","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/mainstay-mackay-definedterm-municipal-opportunities-fund-declares-monthly-dividend-distribution-for-december-2020\/","name":"MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distribution For December 2020 - 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