NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE:MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of March 2025. This amount is consistent with the Fund's February 2025 dividend distribution, which was also $0.06 per common share. Portfolio and municipal market commentary will be published on or around March 3, 2025 and can be retrieved here. Dividend Distribution Schedule: Month Declaration Date Ex-Date.
NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE: MMD) today announced the preliminary results of a tender offer. As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires. The tender offer expired on November 14, 2024, at 5:00 p.m. Eastern time. Based on.
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a CEF focused on generating current income from investment grade municipal bonds. MMD has a conservative management team and a history of peer-leading performance in the municipal bond asset class. While I am cautious on long-duration bonds at the moment, I believe the MMD fund is worthwhile to put on a watchlist for when the bond markets eventually turn.