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NEW YORK, May 01, 2025--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the month of May 2025. This amount is consistent with the Fund’s April 2025 dividend distribution, which was also $0.06 per common share.
Portfolio and municipal market commentary will be published on or around May 1, 2025 and can be retrieved here.
Dividend Distribution Schedule:
| Month | Declaration Date | Ex-Date | Record Date | Payable Date |
| May | 5/1/2025 | 5/15/2025 | 5/15/2025 | 6/2/2025 |
In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year.
The Fund’s daily New York Stock Exchange closing prices, net asset values per share, as well as other information are available by clicking here or by calling the Fund’s shareholder servicing agent at (855) 456-9683.
For more insights from MacKay Municipal Managers™ and our New York Life Investments affiliates click here.
There are risks inherent in any investment, including market risk, interest rate risk, credit risk and the possible loss of principal. There can be no assurance that the Fund’s investment objectives will be achieved. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk.
About New York Life Investments
With over $754 billion in assets under management as of March 31, 2025, New York Life Investments, a Pensions & Investments’ Top 30 Largest Money Manager*, is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialized, independent investment teams through its family of affiliated boutiques. New York Life Investments remains committed to clients through a combination of the diverse perspectives of its boutiques and a long-lasting focus on sustainable relationships.
*New York Life Investment Management ranked 26th largest institutional investment manager in Pensions & Investments' Largest Money Managers 2024 published June 2024, based on worldwide institutional AUM as of 12/31/23. No direct or indirect compensation was paid for the creation and distribution of this ranking.