MAINSTAY MACKAY DEFINEDTERM MUNICIPAL OPPORTUNITIES FUND DECLARES MONTHLY DIVIDEND DISTRIBUTIONS FOR THE MONTHS OF JULY, AUGUST AND SEPTEMBER 2023

NEW YORK, July 3, 2023 /PRNewswire/ -- MainStay MacKay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE:MMD) today announced monthly dividend distributions of $0.07 per common share for the months of July, August and September 2023. This amount represents a decrease from the Fund's April, May and June 2023 dividend distributions, which were $0.075 per common share.

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