Monthly Dividend Announcement from NYLI MacKay Fund for January 2025
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Update
The NYLI MacKay DefinedTerm Muni Opportunities Fund has declared its monthly dividend for January 2025. This will be set at $0.06 per common share, reflecting a consistency with the prior month's distribution. For current investors or those considering investing in municipal bonds, understanding such distributions can help in strategic planning.
Important Dividend Distribution Schedule
This monthly dividend reflects the Fund's ongoing commitment to its investors. The following key dates highlight the distribution timeline:
Dividend Declaration Dates
This dividend amount remains the same as it was during December 2024, showing stability in the Fund's income strategy.
Key Dates Overview
For your reference, here are the significant dates related to this dividend:
- Declaration Date: January 2, 2025
- Ex-Date: January 15, 2025
- Record Date: January 15, 2025
- Payable Date: January 31, 2025
Investors can expect this dividend to be derived primarily from the Fund's net investment income, with no anticipated return of principal.
Market Commentary and Insights
In addition to the dividend announcement, the Fund plans to release detailed commentary on the portfolio and the municipal market around January 2, 2025. Keeping abreast of these insights is crucial for investors to make informed decisions regarding their investments.
Accessing Fund Information
For those wanting to review the Fund’s daily trading prices and net asset values, this information can be obtained through the Fund's official channels. Investors can reach out to the Fund’s shareholder services at (855) 456-9683 for further assistance.
Understanding the Risks
It’s essential for investors to recognize the inherent risks that come with investing in any fund. Risks include market fluctuations, credit risks, and the potential for loss of principal. Understanding these risks ensures that investors can navigate their choices wisely.
About New York Life Investments
New York Life Investments manages a substantial range of assets, totaling over $750 billion, as of September 30, 2024. It stands as a prominent name in the investment management sector, providing clients access to a diverse array of resources and investment strategies.
MacKay Municipal Managers™ and Their Approach
MacKay Municipal Managers™ is celebrated for its active approach to municipal bond investing, with $82 billion in assets under management as of late September 2024. Their methodology revolves around a fundamental value investing approach, ensuring that strategies tailor to maximize long-term performance within a fragmented market.
MacKay Shields LLC: A Trusted Name
As a subsidiary of New York Life Investments, MacKay Shields LLC excels in providing specialized fixed income solutions tailored for private and institutional clients. Their dedication includes a strategy that focuses on diverse investment vehicles, ideal for those who seek professional insight in their portfolios.
Frequently Asked Questions
What is the monthly dividend amount declared for January 2025?
The NYLI MacKay DefinedTerm Muni Opportunities Fund has declared a monthly dividend of $0.06 per common share for January 2025.
When is the dividend payable date?
The payable date for the January 2025 dividend is January 31, 2025.
Is there any expected return of principal with the dividend?
No, the dividend is derived from undistributed net investment income, with no expected return of principal.
How can I access information about the Fund’s net asset value?
Investors can find the Fund's trading prices and net asset values on its official website or by contacting the shareholder service agent at (855) 456-9683.
What kind of risks should investors be aware of?
Investors should be mindful of market risk, interest rate risk, credit risk, and the potential loss of principal inherent in any investment.
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