NEW YORK, Dec. 15, 2017 /PRNewswire/ -- MainStay
DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE: MMD)
today announced a name change to MainStay MacKay DefinedTerm
Municipal Opportunities Fund, effective as of February 28, 2018. The investment team and
process will remain the same.
For additional information, please visit the Fund's website
at www.mainstayinvestments.com/mmd or by calling the
Fund's shareholder servicing agent at (855) 456-9683.
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 MainStay Funds
MainStay is the mutual fund family of New York Life Insurance
Company. MainStay provides access to a powerful mix of autonomous,
institutional investment managers, delivered by experienced
professionals who understand the needs of today's investors. For
more information on MainStay, please visit
mainstayinvestments.com.
About MacKay Shields LLC
MacKay Shields LLC ("MacKay") serves as the Fund's investment
sub-advisor. MacKay is an indirect wholly-owned subsidiary of New
York Life Insurance Company and a wholly-owned subsidiary of New
York Life Investment Management Holdings LLC. MacKay is a
fixed-income focused investment management firm with $99.4 billion in assets under management as of
September 30, 2017. MacKay manages
fixed income strategies for high-net worth individuals,
institutional clients, and mutual funds, including unconstrained
bond, global high yield, high yield, high yield active core,
municipal high yield, short duration high yield, low volatility
high yield, municipal short term, core investment grade, municipal
investment grade, core plus, core plus opportunities, convertibles,
emerging markets credit, and bank loans.
Media Contact:
Allison Scott | New York Life |
212-576-4517 | allison_scott@newyorklife.com
Investors Contact:
855-456-9683
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SOURCE MacKay Shields LLC