MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) to Distribute Monthly Dividend of $0.07 on October 1st

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.0675 per share by the closed-end fund on Thursday, October 1st. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.0%

MMD opened at $14.48 on Friday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 52 week low of $14.43 and a 52 week high of $15.82. The business has a 50 day moving average price of $15.02 and a two-hundred day moving average price of $15.14.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

The MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end, diversified management investment company that seeks to provide a high level of tax-exempt income. The fund primarily invests in investment-grade municipal securities, including general obligation bonds, revenue bonds and other state and local government obligations. By focusing on tax-exempt instruments, MMD aims to enhance after-tax yields for its shareholders, making it an option for investors in higher tax brackets who seek municipal bond exposure through a publicly traded vehicle.

As a defined-term fund, MMD was structured with a predetermined termination date at which point the portfolio is expected to be liquidated and proceeds returned to investors.