other material
confidence high
sentiment neutral
materiality 0.65
MainStay MacKay Muni Fund to change name, extend termination to 2036 via tender offer
NYLI MacKay DefinedTerm Muni Opportunities Fund
- Name changes to NYLI MacKay DefinedTerm Muni Opportunities Fund effective Aug 28, 2024.
- Original Dec 31, 2024 termination date now conditionally extended to Dec 31, 2036.
- Extension requires completion of an Eligible Tender Offer for 100% of shares at NAV before Dec 31, 2024.
- Board approved amendment to Declaration of Trust to implement the new termination date upon tender offer completion.