MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend for the Months of January, February and March 2014, Payable on January 31, 2014, February 28, 2014 and March 31, 2014, Respectively
January 02, 2014 at 07:30 pm IST
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MainStay DefinedTerm Municipal Opportunities Fund announced monthly dividend of $0.096 per common share for the months of January, February and March 2014. The January dividend will be payable on January 31, 2014 with ex-date of January 13, 2014 and record date of January 15, 2014. The February dividend will be payable on February 28, 2014 with ex-date of February 12, 2014 and record date of February 14, 2014.
The March dividend will be payable on March 31, 2014 with ex-date of March 12, 2014 and record date of March 14, 2014.
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a diversified closed-end management investment company. The Fund's primary investment objective is to seek current income exempt from regular United States (U.S.) federal income taxes (but which may be includable in taxable income for the purpose of the Federal alternative minimum tax). The Fund's secondary objective is a total return. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes (except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund may invest in both tender option bond (TOB) floaters and TOB residuals. The Fund's manager is New York Life Investment Management LLC.
MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend for the Months of January, February and March 2014, Payable on January 31, 2014, February 28, 2014 and March 31, 2014, Respectively
MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND 
