MainStay DefinedTerm Municipal Opportunities Fund Conference Call
NEW YORK--(BUSINESS WIRE)-- MainStay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced it will host a conference call to provide investors with an update on Fund performance and the sub-advisor's outlook for the municipal bond market.
The Fund, which held its initial public offering on June 26, 2012, will begin hosting quarterly conference calls to provide investors with updates on the Fund. The inaugural call will feature Robert DiMella, the Fund's co-portfolio manager and co-head of MacKay Municipal Managers team at MacKay Shields.
Details about the call, scheduled for Tuesday, June 25, 2013, including dial-in information, can be found below and at: http://www.nylinvestments.com/MainStayClosedEndFund. The replay for the call will be available for two months, beginning on or before Monday, July 1, 2013, and a written summary of the call will be available at mainstayinvestments.com/mmd.The conference call is open to the public.
You may submit questions in advance by sending an email to email@example.com.
MainStay DefinedTerm Municipal Opportunities Fund
|Call Date:||Tuesday, June 25, 2013|
|Call Time:||4:15pm Eastern Time|
About MainStay Investments
With over $79 billion in assets under management as of April 30, 2013, MainStay Investments is the mutual fund distribution arm of New York Life. MainStay provides financial advisors access to a powerful mix of autonomous, institutional investment managers, delivered by people who understand the needs of today's financial advisor. As an indirect subsidiary of New York Life Insurance Company, a Fortune 100 company founded in 1845, MainStay is owned by the largest mutual life insurance company in the United States* and one of the largest life insurers in the world.
About MacKay Shields LLC
MacKay Shields LLC ("MacKay") serves as the Fund's investment sub-advisor. MacKay is an indirect wholly-owned subsidiary of New York Life Insurance Company and a wholly-owned subsidiary of New York Life Investment Management Holdings LLC. MacKay is a multi product investment management firm with approximately $79 billion in assets as of April 30, 2013. MacKay manages a number of fixed income strategies for institutional clients and retail mutual funds, including: high yield, high yield active core, core plus, global fixed income, municipal and investment grade. MacKay also manages a convertible strategy.
Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.
*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, May 20, 2013.
Allison Scott, 212-576-4517
KEYWORDS: United States North America New York
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