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Kirk Lehneis Appointed President Of MainStay DefinedTerm Municipal Opportunities Fund

NEW YORK, Sept. 28, 2017 /PRNewswire/ -- MainStay DefinedTerm Municipal Opportunities Fund (the "Fund") (NYSE: MMD) today announced the appointment of Kirk Lehneis, chief operating officer of New York Life Investment Management LLC, as President of the Fund, effective as of September 28, 2017. Mr. Lehneis replaced Stephen Fisher who is retiring.

For additional information, please visit the Fund's website at www.mainstayinvestments.com/mmd or by calling the Fund's shareholder servicing agent at (855) 456-9683.

There are risks inherent in any investment, including market risk, interest rate risk, credit risk and the possible loss of principal. There can be no assurance that the Fund's investment objectives will be achieved. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk.

About MainStay Funds
MainStay is the mutual fund family 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, please visit mainstayinvestments.com.

Media Contact:
Allison Scott | New York Life | 212-576-4517 | allison_scott@newyorklife.com

Investors:
855-456-9683

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SOURCE New York Life Investment Management