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Average Annual Total Returns1
Data as of 11/30/2018
Month End
YTD
1 Year
Since Inception
NAV 0.58% 3.11% 4.56% 6.96%
Market Price 2.64% 3.64% 5.33% 6.17%
Barclays Municipal Bond Index2 1.11% 0.08% 1.13% 2.81%

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return on principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost.

Monthly Distributions
Ex-Date
Record Date
Payable Date
Amount
12/13/2018 12/14/2018 12/31/2018 $0.0850
11/14/2018 11/15/2018 11/30/2018 $0.0850
10/12/2018 10/15/2018 10/31/2018 $0.0850
9/13/2018 9/14/2018 9/28/2018 $0.0850
8/14/2018 8/15/2018 8/31/2018 $0.0850
7/13/2018 7/16/2018 7/31/2018 $0.0850
6/14/2018 6/15/2018 6/29/2018 $0.0900
5/14/2018 5/15/2018 5/31/2018 $0.0900
4/13/2018 4/16/2018 4/30/2018 $0.0900
3/14/2018 3/15/2018 3/29/2018 $0.0900
2/14/2018 2/15/2018 2/28/2018 $0.0900
1/12/2018 1/16/2018 1/31/2018 $0.0900
12/14/2017 12/15/2017 12/29/2017 $0.0900
11/14/2017 11/15/2017 11/30/2017 $0.0900
10/13/2017 10/16/2017 10/31/2017 $0.0900
9/14/2017 9/15/2017 9/29/2017 $0.0900
8/11/2017 8/15/2017 8/31/2017 $0.0900
7/12/2017 7/14/2017 7/31/2017 $0.0900
6/13/2017 6/15/2017 6/30/2017 $0.0900
5/11/2017 5/15/2017 5/31/2017 $0.0900
4/12/2017 4/17/2017 4/28/2017 $0.0900
3/13/2017 3/15/2017 3/31/2017 $0.0900
2/13/2017 2/15/2017 2/28/2017 $0.0900
1/12/2017 1/17/2017 1/31/2017 $0.0900
12/13/2016 12/15/2016 12/30/2016 $0.0900
11/11/2016 11/15/2016 11/30/2016 $0.0900
10/12/2016 10/14/2016 10/31/2016 $0.0900
9/13/2016 9/15/2016 9/30/2016 $0.0900
8/11/2016 8/15/2016 8/31/2016 $0.0900
7/13/2016 7/15/2016 7/29/2016 $0.0900
6/13/2016 6/15/2016 6/30/2016 $0.0980
5/12/2016 5/16/2016 5/31/2016 $0.0980
4/13/2016 4/15/2016 4/29/2016 $0.0980
3/11/2016 3/15/2016 3/31/2016 $0.0980
2/11/2016 2/16/2016 2/29/2016 $0.0980
1/13/2016 1/15/2016 1/29/2016 $0.0980
12/11/2015 12/15/2015 12/31/2015 $0.0980
11/12/2015 11/16/2015 11/30/2015 $0.0980
10/13/2015 10/14/2015 10/30/2015 $0.0980
09/11/2015 09/15/2015 09/30/2015 $0.0980
08/12/2015 08/14/2015 08/31/2015 $0.0980
07/13/2015 07/15/2015 07/31/2015 $0.0980
06/11/2015 06/15/2015 06/30/2015 $0.0980
05/13/2015 05/15/2015 05/29/2015 $0.0980
04/13/2015 04/15/2015 04/30/2015 $0.0980
03/12/2015 03/16/2015 03/31/2015 $0.0980
02/12/2015 02/17/2015 02/27/2015 $0.0980
01/13/2015 01/15/2015 01/30/2015 $0.0980
12/17/2014 12/19/2014 12/31/2014 $0.0980
11/18/2014 11/20/2014 11/28/2014 $0.0980
10/16/2014 10/20/2014 10/31/2014 $0.0980
09/11/2014 09/15/2014 09/30/2014 $0.0970
08/13/2014 08/15/2014 08/29/2014 $0.0970
07/11/2014 07/15/2014 07/31/2014 $0.0970
06/12/2014 06/16/2014 06/30/2014 $0.0960
05/13/2014 05/15/2014 05/30/2014 $0.0960
04/11/2014 04/15/2014 04/30/2014 $0.0960
03/12/2014 03/14/2014 03/31/2014 $0.0960
02/12/2014 02/14/2014 02/28/2014 $0.0960
01/13/2014 01/15/2014 01/31/2014 $0.0960
12/12/2013 12/16/2013 12/31/2013 $0.0960
11/13/2013 11/15/2013 11/29/2013 $0.0960
10/10/2013 10/15/2013 10/31/2013 $0.0960
9/12/2013 9/16/2013 9/30/2013 $0.0958
8/13/2013 8/15/2013 8/30/2013 $0.0958
7/11/2013 7/15/2013 7/31/2013 $0.0958
6/12/2013 6/14/2013 6/28/2013 $0.0958
5/13/2013 5/15/2013 5/31/2013 $0.0958
4/11/2013 4/15/2013 4/30/2013 $0.0958
3/13/2013 3/15/2013 3/28/2013 $0.0958
2/13/2013 2/15/2013 2/28/2013 $0.0958
1/11/2013 1/15/2013 1/31/2013 $0.0958
12/12/2012 12/14/2012 12/31/2012 $0.0958
11/13/2012 11/15/2012 11/30/2012 $0.0958
10/11/2012 10/15/2012 10/31/2012 $0.0958
9/12/2012 9/14/2012 9/28/2012 $0.0958



Capital Gain Distributions
Ex-Date
Record Date
Payable Date
Short-Term
Capital Gain
Long-Term
Capital Gain
12/12/2013 12/16/2013 12/31/2013 $0.32991 $0.01786
12/12/2012 12/14/2012 12/31/2012 $0.1991 $0.0061



Daily Pricing Since Inception
Date
Share Price
NAV
Premium/Discount*
12/14/2018 $19.96 $19.80 0.81%
12/13/2018 $19.79 $19.88 -0.45%
12/12/2018 $19.82 $19.90 -0.40%
12/11/2018 $19.60 $19.91 -1.56%
12/10/2018 $19.84 $19.93 -0.45%
12/07/2018 $19.78 $19.92 -0.70%
12/06/2018 $19.78 $19.94 -0.80%
12/04/2018 $19.83 $19.90 -0.35%
12/03/2018 $19.77 $19.84 -0.35%
11/30/2018 $19.55 $19.83 -1.41%
11/29/2018 $19.55 $19.80 -1.26%
11/28/2018 $19.33 $19.78 -2.28%
11/27/2018 $19.36 $19.78 -2.12%
11/26/2018 $19.32 $19.78 -2.33%
11/23/2018 $19.35 $19.76 -2.07%
11/21/2018 $19.14 $19.74 -3.04%
11/20/2018 n/a $19.72 n/a
11/19/2018 $19.16 $19.70 -2.74%
11/16/2018 $19.33 $19.70 -1.88%
11/15/2018 n/a $19.69 n/a
11/14/2018 $19.33 $19.69 -1.83%
11/13/2018 $19.34 $19.78 -2.22%
11/12/2018 $19.34 $19.83 -2.47%
11/09/2018 $19.27 $19.80 -2.68%
11/08/2018 $19.28 $19.79 -2.58%
11/07/2018 $19.29 $19.77 -2.43%
11/06/2018 n/a $19.76 n/a
11/05/2018 $19.26 $19.75 -2.48%
11/02/2018 $19.22 $19.75 -2.68%
11/01/2018 $19.29 $19.78 -2.48%

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IPO Information
   
Date 6/26/2012
Inception Price $20.00
Inception NAV $19.06
CUSIP 56064K100
NYSE Ticker MMD

 

1. Average annual total returns shown at NAV assume dividends and capital gains are reinvested.

2. The Barclays Municipal Bond Index includes approximately 15,000 municipal bonds rated Baa or better by Moody's, with a maturity of at least two years. Bond subject to the Alternative Minimum Tax or with floating or zero coupons are excluded. The Barclays Municipal Bond Index is the Fund's broad-based securities market index for comparison purposes. Total returns assume the reinvestment of all dividends and capital gains. An investment cannot be made directly into an index.


*Premium/Discount is the % difference between the Market price and the NAV price. When the Market price exceeds the NAV, the Fund is trading at a Premium. When the Market price is less than the NAV, the Fund is trading at a Discount.

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.

For more information about this Fund, please call 855-456-9683.

New York Life Investments is a service mark and name under which New York Life Investment Management LLC does business. New York Life Investments, an indirect subsidiary of New York Life Insurance Company, New York, New York 10010, provides investment advisory products and services.

©   New York Life Investment Management LLC. All rights reserved.