Monthly Dividend Distribution Announcement from NYLI Mackay Fund
NYLI MacKay DefinedTerm Municipal Opportunities Fund Updates
In a positive move for investors, the NYLI MacKay DefinedTerm Municipal Opportunities Fund has announced its monthly dividend distributions. For October 2024, shareholders can expect $0.06 per common share. This calculation reflects consistency with the distributions made in the preceding months of July, August, and September 2024.
Understanding the Dividend Declared
This monthly dividend showcases the Fund's strategy in managing its undistributed net investment income, ensuring that the payout does not involve a return of principal. The ongoing dividend payments are a hallmark of stability and dedicated management within the Fund's operations.
Key Dates for Dividend Distribution
As part of the dividend announcement, several crucial schedule dates have been outlined:
Dividend Distribution Schedule:
- Month: October
- Declaration Date: October 1, 2024
- Ex-Date: October 15, 2024
- Record Date: October 15, 2024
- Payable Date: October 31, 2024
Analyzing Market Conditions
The municipal bond market, where the Fund operates, remains a significant area for investment, influenced by various market conditions. Insights and analysis regarding the portfolio and market trends will be shared around the announcement date, aiming to keep investors informed about the evolving landscape.
Accessing Fund Information
For those interested in exploring further details regarding the performance of the NYLI MacKay DefinedTerm Municipal Opportunities Fund, daily closing prices and net asset values are readily available. Investors can also reach out directly to the Fund’s shareholder servicing team at (855) 456-9683 for personalized assistance.
Meet the Team Behind MacKay Municipal Managers™
A portion of the Fund's success can be attributed to the dedication of MacKay Municipal Managers™, who expertly navigate the municipal bond market. With a remarkable $77 billion in assets under management as of mid-2024, their strategic investment philosophy emphasizes rigorous research and value-driven approaches.
The Broader Perspective of New York Life Investments
New York Life Investments, with over $727 billion in assets under management, stands as a critical player among asset managers. It offers a diverse range of investment products while emphasizing sustainable client relationships. This broader context highlights the stability and trust associated with the NYLI MacKay Fund.
Risks to Consider
It is important for investors to recognize the inherent risks involved with financial investments. These include market risk, interest rate risk, and credit risk, which collectively may impact the performance of the Fund. Potential investors should stay aware that closed-end funds may trade at significant discounts to their net asset values, which could amplify investor risk.
Frequently Asked Questions
What is the dividend amount for October 2024?
The NYLI MacKay DefinedTerm Municipal Opportunities Fund has declared a monthly dividend of $0.06 per common share for October 2024.
What is the declaration date for the dividend?
The declaration date for the October dividend distribution is October 1, 2024.
How can investors contact the Fund for more information?
Investors can contact the Fund’s shareholder servicing team at (855) 456-9683 for additional information and inquiries.
Who manages the NYLI MacKay DefinedTerm Municipal Opportunities Fund?
The Fund is managed by MacKay Municipal Managers™, a recognized leader in municipal bond investing.
What risks are associated with investing in this Fund?
Investing in the NYLI MacKay DefinedTerm Municipal Opportunities Fund involves risks such as market risk, interest rate risk, and the possibility of losing principal.
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