NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD)

NYSE: MMD · Real-Time Price · USD
14.89
-0.03 (-0.20%)
Dec 20, 2024, 4:00 PM EST - Market closed
-0.20%
Market Value 415.83M
Revenue (ttm) 27.42M
Net Income (ttm) 12.67M
Shares Out 27.93M
EPS (ttm) 0.45
PE Ratio 32.83
Forward PE n/a
Dividend $0.72 (4.84%)
Ex-Dividend Date Dec 16, 2024
Volume 249,169
Open 14.93
Previous Close 14.92
Day's Range 14.83 - 15.05
52-Week Range 14.83 - 17.00
Beta 0.52
Analysts n/a
Price Target n/a
Earnings Date n/a

About MMD

MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 20... [Read more]

Sector Financials
Founded 2012
Country United States
Stock Exchange NYSE
Ticker Symbol MMD
Full Company Profile

News

NYLI MacKay DefinedTerm Muni Opportunities Fund Declares Monthly Dividend Distributions for December 2024

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the month of December 20...

19 days ago - Business Wire

CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding

We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality ...

Other symbols: EMDMUINCVNCZPCF
21 days ago - Seeking Alpha

NYLI MacKay DefinedTerm Muni Opportunities Fund Announces Final Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE: MMD) (the “Fund”) today announced the final results of a tender offer. As previously announced, the Fund conducted a t...

4 weeks ago - Business Wire

NYLI MacKay DefinedTerm Muni Opportunities Fund Announces Preliminary Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE: MMD) today announced the preliminary results of a tender offer. As previously announced, the Fund conduct...

5 weeks ago - Business Wire

NYLI MacKay DefinedTerm Muni Opportunities Fund Declares Monthly Dividend Distributions for November 2024

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the month of November 20...

7 weeks ago - Business Wire

NYLI MacKay DefinedTerm Muni Opportunities Fund Announces Commencement of Tender Offer

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Muni Opportunities Fund (the “Fund”) (NYSE: MMD) today commenced a tender offer. The Fund will conduct a tender offer allowing shareholders to offer ...

2 months ago - Business Wire

NYLI Mackay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for October 2024

NEW YORK--(BUSINESS WIRE)--NYLI MacKay DefinedTerm Municipal Opportunities Fund (the “Fund”) (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for the month of Octobe...

2 months ago - Business Wire

MainStay MacKay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of July, August, and September 2024

NEW YORK--(BUSINESS WIRE)--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 J...

6 months ago - Business Wire

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 t...

9 months ago - PRNewsWire

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 th...

1 year ago - PRNewsWire

MMD: A Solid Muni Fund That Is Worth Putting On A Watchlist

MainStay MacKay DefinedTerm Municipal Opportunities Fund is a CEF focused on generating current income from investment grade municipal bonds. MMD has a conservative management team and a history of pe...

1 year ago - Seeking Alpha

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF OCTOBER, NOVEMBER AND DECEMBER 2023

NEW YORK , Oct. 2, 2023 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.06 per common share for th...

1 year ago - PRNewsWire

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF JULY, AUGUST AND SEPTEMBER 2023

NEW YORK , July 3, 2023 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.07 per common share for th...

1 year ago - PRNewsWire

MainStay MacKay DefinedTerm Municipal Opportunities Fund and MainStay CBRE Global Infrastructure Megatrends Fund Announce Naïm Abou-Jaoudé Joins the Board of Trustees

NEW YORK , June 7, 2023 /PRNewswire/ -- New York Life Investments today announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund...

Other symbols: MEGI
1 year ago - PRNewsWire

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF APRIL, MAY AND JUNE 2023

NEW YORK , April 3, 2023 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE: MMD) today announced monthly dividend distributions of $0.075 per common share for...

1 year ago - PRNewsWire

Weekly Closed-End Fund Roundup: February 19, 2023

0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results.

1 year ago - Seeking Alpha

CEF Report February 2023 | The January Effect Didn't Disappoint

The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors ...

1 year ago - Seeking Alpha

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF JANUARY, FEBRUARY AND MARCH 2023

NEW YORK , Jan. 3, 2023 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.080 per common share for t...

2 years ago - PRNewsWire

Municipal CEF Sector Update: 2023 Fed Pause Offers A Good Entry Point

The Municipal bond sector has taken a hit this year on the back of high and sticky inflation and the Fed's attempt to bring it to heel. We discuss the key themes driving the sector and why the upcomin...

Other symbols: EVN
2 years ago - Seeking Alpha

MainStay MacKay DefinedTerm Municipal Opportunities Fund and MainStay CBRE Global Infrastructure Megatrends Fund Announce Departure of Yie-Hsin Hung from the Board of Trustees

NEW YORK , Oct. 14, 2022 /PRNewswire/ -- New York Life Investments today announced the departure of Yie-Hsin Hung from the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities ...

Other symbols: MEGI
2 years ago - PRNewsWire

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF OCTOBER, NOVEMBER AND DECEMBER 2022

NEW YORK , Oct. 3, 2022 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.085 per common share for t...

2 years ago - PRNewsWire

MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF JULY, AUGUST AND SEPTEMBER 2022

NEW YORK , July 1, 2022 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.085 per common share for t...

2 years ago - PRNewsWire

MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Amendment to the Declaration of Trust

NEW YORK , June 10, 2022 /PRNewswire/ -- The Board of Trustees of MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) has approved an amendment to the Fund's declaration of trust (the...

2 years ago - PRNewsWire

Municipal CEF Sector Update: Outperforming The Market For A Change

The municipal CEF sector has outperformed the broader CEF space over the last month for a change, supported by stabilizing Treasury yields and a lower sensitivity to rising credit spreads. We discuss ...

Other symbols: BTTDMBNADNMZ
2 years ago - Seeking Alpha

MMD: Strong Muni Performer To Lock In Higher Yields

Municipal bond valuations have cheapened considerably as yields have risen on the back of persistent inflation and hawkish Fed talk. Municipal CEF sector discounts are also trading at historically che...

2 years ago - Seeking Alpha