NYLI Mackay DefinedTerm Municipal Opportunities Fund Announces Monthly Dividend Distribution for October 2024 by Investing.com
NEW YORK–(BUSINESS WIRE)–NYLI MacKay DefinedTerm Municipal Opportunities Fund (the Fund) (NYSE:MMD) today declared a dividend of R0.06 per share for the month of October 2024. This amount is consistent with the Fund's July , August, and September 2024 for a dividend, which is also $0.06 per share.
The portfolio and municipal market commentary will be published on or about 1 October 2024 and can be retrieved here.
Dividend Distribution Schedule:
|
The month |
Date of Announcement |
Previous Date |
Record Date |
Due Date |
|
October |
10/1/2024 |
10/15/2024 |
10/15/2024 |
10/31/2024 |
The Fund's dividend will be derived from undistributed monthly income and is not expected to contain any return of principal.
The Fund's daily New York Stock Exchange closing prices, net asset values per share, and other information are available by clicking here or by calling our shareholder services agent at (855) 456-9683.
For more information from MacKay Municipal Managers™ and our New York Life Investments affiliates click here.
There are risks inherent in any investment, including market risk, interest rate risk, credit risk and potential loss of principal. There can be no assurance that the Fund's investment objectives will be achieved. Shares of closed-end funds often trade at a discount to their net asset value, which may increase investor risk.
About New York Life Investments
With more than $727 billion in assets under management as of June 30, 2024, New York Life Investments, Pensions and investments' The Top 30 Largest Money Manager, includes the global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialized, independent investment teams through its family of affiliates. New York Life Investments remains committed to clients through a combination of diverse perspectives for its stores and a long-term focus on sustainable relationships.
New York Life Investment Management is ranked 26th among the largest institutional investment managers Pensions & Funds' The Largest Money Managers of 2024 was published in June 2024, based on the institution's worldwide AUM as of 12/31/23. No direct or indirect compensation has been paid for the creation and distribution of this feature.
About MacKay Municipal Managers™
MacKay Municipal Managers™ is a recognized leader in active municipal bond investing and has $77 billion in assets under management, as of 6/30/24. The team manages a range of highly rated municipal bond solutions available for many vehicles. MacKay Municipal Managers™ is a basic bond manager that combines a bottom-up approach with credit research. Our investment philosophy is based on the belief that strong long-term performance can be achieved with a balanced, research-driven approach in the highly diversified, underperforming municipal bond market.
About MacKay Shields LLC
MacKay Shields LLC (and its subsidiaries, “MacKay”), a New York Life Investments Company, is a global asset management firm with $144 billion in assets under management as of June 30, 2024. MacKay manages fixed income strategies of high net. relevant individuals and institutional clients with separately managed accounts and mutual investment vehicles including private funds, UCITS, ETFs, closed-end funds and mutual funds. MacKay provides investors with specialized fixed income expertise in all fixed income markets worldwide including municipal bonds, structured debt, corporate debt and emerging market debt. The MacKay Shields client experience gives investors direct access to senior investment professionals. MacKay has offices in New York City, Princeton, Los Angeles, London and Dublin. For more information, please visit www.mackayshields.com or follow us Twitter or LinkedIn.
MacKay Shields is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, which is wholly owned by New York Life Insurance Company.
Assets under management (AUM) as of June 30, 2024 represent assets owned by MacKay Shields LLC and its subsidiaries but do not include certain accounts and other assets that MacKay Shields continues to exercise its discretion to liquidate but are no longer actively managed.
SMRU No. 5764330
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Media Contact:
Sarah Guenoun New York Life | (212) 576-4757 | Sara_j_Guenoun@newyorklife.com
Investor Contacts:
855-456-9683
Source: New York Life Investments
