MainStay DefinedTerm Municipal Stock News

MainStay MacKay DefinedTerm Municipal Opportunities Fund is a CEF focused on generating current income from investment grade municipal bonds. MMD has a conservative management team and a history of pe

0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results.

The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors

The Municipal bond sector has taken a hit this year on the back of high and sticky inflation and the Fed's attempt to bring it to heel. We discuss the key themes driving the sector and why the upcomin

We took a look at MEGI earlier with some interest; MainStay CBRE Global Infrastructure Megatrends fund launched in 2021 end, too new for some investors to consider but worth watching.

The municipal CEF sector has outperformed the broader CEF space over the last month for a change, supported by stabilizing Treasury yields and a lower sensitivity to rising credit spreads. We discuss

Municipal bond valuations have cheapened considerably as yields have risen on the back of persistent inflation and hawkish Fed talk. Municipal CEF sector discounts are also trading at historically che

April saw a well above average number of net distribution cuts for the tax-exempt CEF sector - a direct outcome of rising leverage costs.

MEGI: New Infrastructure Kid On The Block

NEW YORK, Oct. 1, 2021 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.085 per common share for th

A lack of further yield compression and low yields suggest that future fixed-income returns are likely to be well below their historic levels. This suggests that investors should seek out funds that a

The municipal sector has remained resilient this year despite a rise in Treasury yields.

NEW YORK, July 1, 2021 /PRNewswire/ --MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.085 per common share for the

2 New infrastructure funds in the 'pipeline,' literally as these two will be focused on infrastructure/utility investments. Both funds have noted a tilt towards being involved in renewable/"clean" ene

Allocating to municipal bonds can be a fraught proposition of having to choose duration, credit quality, investment vehicle and other investment characteristics.