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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:25 PM
| This Slide: #578 of 609 |
Slide #578. MainStay DefinedTerm Municipal Opportunities Fund — Preferred Stock Offering
Company:
MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD)
$Amount Offered:
$70,000,000
Date of Pricing:
10/5/2012
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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