MainStay DefinedTerm Municipal Opportunities Fund Declares Revised Ex-Dividend Date For The Month Of September

NEW YORK, Aug. 28, 2017 /PRNewswire/ -- MainStay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced a revised ex-dividend date for the month of September 2017. The date upon which the stock trades ex-dividend is now September 14, 2017. The dividend amount of $0.090 per common share remains unchanged.

Dividend Distribution Schedule:

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

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 Monthly MainStay Muni Monitor to receive monthly perspectives from MacKay Municipal Managers™, go to www.mainstayinvestments.com/munis and enter your email address.

There are risks inherent in any investment, including market risk, interest rate risk, credit risk and the possible loss of principal. There can be no assurance that the Fund's investment objectives will be achieved. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk.

About MainStay Investments
With $78.8 billion in assets under management as of June 30, 2017, across retail mutual funds, exchange traded funds (ETFs) and variable product sub-accounts, MainStay Investments is the mutual fund and ETF distribution arm of New York Life Insurance Company. MainStay provides access to a powerful mix of autonomous, institutional investment managers, delivered by experienced professionals who understand the needs of today's investors. For more information on MainStay Investments, please visit mainstayinvestments.com.

MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC conducts business.

Media Contact:
Allison Scott | New York Life | 212-576-4517 | [email protected]

Investors:
855-456-9683

SOURCE MainStay Investments