NYLIM MacKay Defined Term Muni Opportunities Fund Declares $0.06 Per Share Monthly Dividend for December 2024

The NYLI MacKay Defined Term Muni Opportunities Fund has declared a monthly dividend distribution of $0.06 per common share for December 2024. This amount is consistent with the previous month's distribution. The fund's dividend will be derived from its monthly undistributed net investment income and is not expected to contain any return of principal. The investment objective of the fund is to generate attractive total returns for shareholders.

The NYLI MacKay Defined Term Muni Opportunities Fund (MMD) has announced the declaration of a monthly dividend distribution of $0.06 per common share for December 2024 [1]. This amount is consistent with the previous month's distribution and the trend observed since July 2024 [2][3].

The investment objective of MMD is to generate attractive total returns for shareholders. The fund's dividend is derived from its monthly undistributed net investment income and is not expected to contain any return of principal [3]. The consistency of the dividend distribution reflects the fund's investment strategy, which seeks to capitalize on opportunities in the municipal bond market [1].

MMD's portfolio and municipal market commentary are published on a monthly basis and can be retrieved from the fund's website [3]. As of June 30, 2024, the fund had over $727 billion in assets under management [3].

It is essential to note that investing in closed-end funds, including MMD, carries risks. These risks include market risk, interest rate risk, credit risk, and the possible loss of principal. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk [3].

Investors should carefully consider their investment objectives, risk tolerance, and the potential risks and rewards of investing in MMD or any other investment before making a decision. For more information on MMD and its investment strategies, please visit the fund's website or contact your financial advisor.

References:

[1] New York Life Investments. (2024, November 1). NYLI MacKay DefinedTerm Muni Opportunities Fund Declares Monthly Dividend Distributions for November 2024. Business Wire. https://www.businesswire.com/news/home/20241101839469/en/NYLI-MacKay-DefinedTerm-Muni-Opportunities-Fund-Declares-Monthly-Dividend-Distributions-for-November-2024

[2] Business Wire. (2024, October 1). NYLI MacKay DefinedTerm Municipal Opportunities Fund Announces Monthly Dividend Distributions for October 2024. FT. https://markets.ft.com/data/announce/detail?dockey=600-202410010900BIZWIRE_USPRX____20241001_BW503803-1

[3] New York Life Investments. (n.d.). NYLI MacKay Defined Term Muni Opportunities Fund. Retrieved November 1, 2024, from https://www.newyorklifeinvestments.com/investment-products/closed-end-funds/nyli-mackay-defined-term-muni-opportunities-fund-mmd