Mainstay Macky Dfndtrm Mncpl Opprtnts Fd (N:MMD)
Business Focus: Closed End Funds
Cloudy as of April 01, 2024
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Company News
Apr 01, 2024 09:00 ET
MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF APRIL, MAY, AND JUNE 2024
NEW YORK, April 1, 2024 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the months of April, May, and June 2024. This amount is consistent with the Fund's January, February, and March 2024 dividend distribution, which was also $0.06 per common share.
Jan 02, 2024 08:00 ET
MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF JANUARY, FEBRUARY, AND MARCH 2024
NEW YORK, Jan. 2, 2024 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the months of January, February and March 2024. This amount is consistent with the Fund's October, November and December 2023 dividend distribution, which was also $0.06 per common share.
Valuation Ratios
Industry
Sector
Beta
0.50
--
--
Price to Sales - TTM
17.11
9.66
3.63
Price to Book - most recent quarter
0.96
0.94
1.32
Price to Cash Flow per share - TTM
--
12.06
13.19
Price to Free Cash Flow per share - TTM
3.85
18.32
15.76
Business Summary
| Sector: Financials | Industry: Closed End Funds |
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.
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