Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 9:05 AM
|This Slide: #550 of 581|
Slide #550. MainStay DefinedTerm Municipal Opportunities Fund — Preferred Stock Offering
MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD)
Date of Pricing:
Preferred Stock Offering Details:
MainStay DefinedTerm Municipal Opportunities Fund announced that it successfully priced and placed two series of privately offered Fixed Rate Municipal Term Preferred Shares of $35 million each pursuant to Rule 144A under the Securities Act of 1933. The proceeds from each offering will be used to seek to achieve the Fund's investment objective, which is contained in the Fund's prospectus.
MainStay MacKay DefinedTerm Municipal Opportunities is a closed-end management investment company. The Fund's primary investment objective is to seek current income exempt from regular United States Federal income taxes.
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