Mackay Mackay Definedterm Municipal Opportunities Fund Announces Monthly Dividend Distributions for the Months of October, November and December 2022, Payable on October 31, 2022, November 30, 2022 and December 30, 2022 Respectively
October 03, 2022 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 October, November and December 2022. This amount is consistent with the Fund's July, August and September 2022 dividend distribution, which was also $0.085 per common share. Ex-Dates are October 13, 2022.
November 14, 2022 and December 15, 2022. Record Dates of October 14, 2022, November 15, 2022 and December 15, 2022. Payable dates are October 31, 2022, November 30, 2022 and December 30, 2022 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.
Mackay Mackay Definedterm Municipal Opportunities Fund Announces Monthly Dividend Distributions for the Months of October, November and December 2022, Payable on October 31, 2022, November 30, 2022 and December 30, 2022 Respectively