NEW YORK, Oct. 14, 2022 /PRNewswire/ — New York Life Investments as we speak introduced the departure of Yie-Hsin Hung from the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Alternatives Fund (NYSE: MMD) and the MainStay CBRE International Infrastructure Megatrends Fund (NYSE: MEGI) (the “Funds”). Ms. Hung, who had beforehand introduced her resignation as Chief Govt Officer of New York Life Funding Administration and had served as a Trustee to a number of of the registrants throughout the MainStay Group of Funds since 2017, is resigning efficient as we speak. The dimensions of every Fund’s Board of Trustees will likely be lowered to 6, additionally efficient as we speak.
For extra data on every of the funds, together with details about danger, expenses and bills, please go to the web site right here for MMD, or the web site right here for MEGI, or name the shareholder servicing agent at (855) 456-9683.
About New York Life Investments
With over $650 billion in Property Underneath Administration* as of June 30, 2022, New York Life Investments is comprised of the affiliated world asset administration companies of its guardian firm, New York Life Insurance coverage Firm (New York Life), and provides shoppers entry to specialised, impartial funding groups via its household of affiliated boutiques. New York Life Investments stays dedicated to shoppers via a mixture of the varied views of its boutiques and a long-lasting concentrate on sustainable relationships.
*AUM contains belongings of Funding Advisors affiliated with New York Life Insurance coverage Firm as of June 30, 2022. AUM for Candriam and Ausbil is reported on the spot charge.
“New York Life Investments” is each a service mark, and the widespread commerce title, of sure funding advisors affiliated with New York Life Insurance coverage Firm. The MainStay Funds® are managed by New York Life Funding Administration LLC and distributed by NYLIFE Distributors LLC, 30 Hudson Road, Jersey Metropolis, NJ 07302, a completely owned subsidiary of New York Life Insurance coverage Firm. NYLIFE Distributors LLC is a Member FINRA/SIPC.
SOURCE New York Life Investments