The NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) has announced its monthly dividend distribution for March 2025, declaring $0.06 per common share. This dividend amount is consistent with the Fund’s February 2025 distribution.
Dividend Distribution Schedule:
Declaration Date: March 3, 2025
Ex-Date: March 14, 2025
Record Date: March 14, 2025
Payable Date: March 31, 2025
The dividend will be derived from the Fund’s monthly undistributed net investment income and is not expected to include any return of principal.
Additional Information:
The Fund’s daily closing prices, net asset values per share, and other relevant data can be accessed via the Fund’s website or by contacting the shareholder servicing agent at (855) 456-9683.
Investors are reminded of the risks inherent in any investment, including market risk, interest rate risk, credit risk, and the possibility of principal loss. Closed-end funds like this one often trade at a discount to their net asset value, increasing potential investor risk.
About New York Life Investments: New York Life Investments, managing over $739 billion in assets as of December 31, 2024, is a prominent player in the global asset management space. It offers clients access to specialized investment teams through its family of affiliated boutiques, with a strong emphasis on long-term, sustainable relationships.
About MacKay Municipal Managers™: MacKay Municipal Managers™ is a recognized leader in active municipal bond investing, managing $80 billion in assets as of December 31, 2024. The team combines top-down market strategies with rigorous bottom-up credit research to manage a suite of highly rated municipal bond solutions, focusing on delivering strong long-term performance in the municipal bond market.
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