MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend Distributions for the Months of January, February and March

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 January, February and March 2015.

“Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)”

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 January 15, 2015 at

Dividend Distribution Schedule:

Month     Declaration Date     Ex-Date     Record Date     Payable Date
January     1/2/2015     1/13/2015     1/15/2015     1/30/2015
February     1/2/2015     2/12/2015     2/17/2015     2/27/2015
March     1/2/2015     3/12/2015     3/16/2015     3/31/2015

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 or by calling the Fund’s shareholder servicing agent at (855) 456-9683.

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About MainStay Investments

With over $101 billion in assets under management as of October 31, 2014, 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 over $91.9 billion in assets under management as of October 31, 2014. 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.

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


New York Life
Allison Scott, 212-576-4517

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