MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of July, August and September

NEW YORK--()--MainStay DefinedTerm Municipal Opportunities Fund (the “Fund”) (NYSE:MMD) today announced monthly dividend distributions of $0.098 per common share for the months of July, August and September 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 July 15, 2015 at www.mainstayinvestments.com/mmd.

Dividend Distribution Schedule:

Month     Declaration Date     Ex-Date     Record Date     Payable Date
July     7/1/2015     7/13/2015     7/15/2015     7/31/2015
August     7/1/2015     8/12/2015     8/14/2015     8/31/2015
September     7/1/2015     9/11/2015     9/15/2015     9/30/2015

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 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 $95.4 billion in assets under management as of May 31, 2015, 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 www.mainstayinvestments.com.

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

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 $93.6 billion in assets under management as of May 31, 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.

Contacts

Media:
New York Life
Kevin Maher, 212-576-6955
kevin_b_maher@newyorklife.com
or
Investors:
855-456-9683

MainStay Investments