NEW YORK?(BUSINESS WIRE)?
MainStay DefinedTerm Municipal Opportunities Fund (the ?Fund?)
(MMD) today announced the April distribution. The following dates
and rate apply to today?s distribution declaration:
Ex-Date
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Record Date
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Payable Date
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Amount
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4/11/2013
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4/15/2013
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4/30/2013
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$0.0958
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About MainStay Investments
With over $73 billion in assets under management as of January 31, 2013,
MainStay Investments is the mutual fund distribution arm of New York
Life. MainStay provides financial advisors access to a powerful mix of
autonomous, institutional investment managers, delivered by people who
understand the needs of today?s financial advisor. As an indirect
subsidiary of New York Life Insurance Company, a Fortune 100
company founded in 1845, MainStay is owned by the largest mutual life
insurance company in the United States* and one of the largest life
insurers in the world.
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 multi product investment
management firm with approximately $78 billion in assets as of December
31, 2012. MacKay manages a number of fixed income strategies for
institutional clients and retail mutual funds, including: high yield,
high yield active core, core plus, global fixed income, municipal and
investment grade. MacKay also manages convertible strategies.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will fluctuate. Shares,
when sold, may be worth more or less than their original cost.
This material may include statements that constitute ?forward-looking
statements? under the U.S. securities laws. Forward-looking statements
include, among other things, projections, estimates and information
about possible or future results or events related to the Fund, market
or regulatory developments. The views expressed herein are not
guarantees of future performance or economic results and involve certain
risks, uncertainties and assumptions that could cause actual outcomes
and results to differ materially from the views expressed herein. The
views expressed herein are subject to change at any time based upon
economic, market, or other conditions and the Fund undertakes no
obligation to update the views expressed herein.
*Based on revenue as reported by ?Fortune 500 ranked within
Industries, Insurance: Life, Health (Mutual),? Fortune magazine, May 21,
2012.
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