Key information

🔎 Fund Overview

MainStay MacKay DefinedTerm Municipal Opportunities Fund (the 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 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 total return. The Fund invests in both tender option bond (TOB) floaters and TOB residuals. The Fund invests up to 5% of its managed assets in any single TOB Issuer. The Fund also invests in both TOB Floaters and TOB Residuals issued by the same TOB Issuer. The Fund invests primarily in municipal bonds from certain cities, states and territories or regions, including Illinois, Puerto Rico, California, New York, Michigan, Missouri, Florida, New Jersey, Nevada, Colorado, Washington and others. The Fund's investment manager is New York Life Investment Management LLC. Its sub-advisor is MacKay Shields LLC.