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NYLI MacKay DefinedTerm Muni Opportunities Fund Announces March 2025 Dividend Distribution
ByAinvest
Monday, Mar 3, 2025 11:32 am ET1min read
The NYLI MacKay DefinedTerm Muni Opportunities Fund has declared a monthly dividend distribution of $0.06 per common share for March 2025, consistent with February's distribution. The dividend will be derived from the fund's monthly undistributed net investment income and is not expected to contain any return of principal. The fund's portfolio and municipal market commentary will be published on March 3, 2025.
The NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has announced its monthly dividend distribution of $0.06 per common share for March 2025 [1]. This dividend amount remains consistent with the distributions declared in February and January 2025.MMD, which trades on the New York Stock Exchange, is a closed-end fund managed by MacKay Municipal Managers, a New York Life Investments affiliate. The fund invests in a diversified portfolio of municipal bonds with maturities of approximately five to ten years [1].
The fund's dividends are derived from its monthly undistributed net investment income and are not expected to contain any return of principal [1]. MMD's investment objective is to provide current income that is exempt from federal income tax [1].
Investors should note that while the fund's dividend is consistent, there are risks associated with investing in municipal bonds. These risks include market risk, interest rate risk, and credit risk, which could result in the possible loss of principal [1].
MMD's portfolio and municipal market commentary will be published on March 3, 2025 [1]. For more information about the fund, including its daily New York Stock Exchange closing prices, net asset values per share, and other relevant data, investors can visit the fund's website or contact its shareholder servicing agent [1].
References:
[1] Business Wire. NYLI MacKay DefinedTerm Muni Opportunities Fund Declares Monthly Dividend Distribution for February 2025. February 3, 2025. https://www.businesswire.com/news/home/20250203609494/en/NYLI-MacKay-DefinedTerm-Muni-Opportunities-Fund-Declares-Monthly-Dividend-Distribution-for-February-2025/
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