MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of April, May and June

NEW YORK, April 1, 2015 /PRNewswire/ -- MainStay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE: MMD) today announced monthly dividend distributions of $0.098 per common share for the months of April, May and June 2015.

The Fund is also pleased to announce that it will provide commentary on the Fund and the municipal market, available to the public on or around April 15, 2015 at www.mainstayinvestments.com/mmd.

Dividend Distribution Schedule:

The Fund's dividend is derived from its monthly undistributed net investment income and is not expected to contain any return of capital.

The Fund's daily New York Stock Exchange closing prices, net asset values per share, as well as other information, are available at www.mainstayinvestments.com/mmd or by calling the Fund's shareholder servicing agent at (855) 456-9683.

To subscribe to the Weekly MainStay Muni Monitor to receive weekly perspectives from MacKay Municipal Managers™, go to www.mainstayinvestments.com/munis and enter your email address.

About MainStay Investments

With over $96 billion in assets under management as of February 28, 2015, 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 fixed-income focused investment management firm with $93 billion in assets under management as of February 28, 2015. MacKay manages fixed income strategies for high-net worth individuals, institutional clients and mutual funds, including unconstrained bond, global high yield, high yield, high yield active core, municipal high yield, short duration high yield, low volatility high yield, municipal short term, core investment grade, municipal investment grade, core plus, core plus opportunities, convertibles, emerging markets credit, and bank loans.

Media Contact:
Jacqueline Meere | New York Life | 212-576-5301 | [email protected]

Investors Contact:
855-456-9683 

*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/16/14.  For methodology, please see http://fortune.com/fortune500/.

SOURCE MainStay Investments

Related Links

http://www.mainstayinvestments.com/mmd

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