Tender Offer - NYLI MacKay Muni Income Opportunities Fund
Form Type: N-23C3A
Filing Date: 2025-07-07
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525156187
Filing Summary: NYLI MacKay Muni Income Opportunities Fund is offering a quarterly repurchase of shares, allowing shareholders to sell up to 10% of their shares at net asset value (NAV). The repurchase period runs from July 7, 2025, to August 7, 2025, with the NAV determined on the pricing date, August 7, 2025. Shareholders are encouraged to submit their requests by 4:00 p.m. Eastern Time on August 7, 2025, to ensure repurchase. If more shares are tendered than available for repurchase, the Fund may repurchase additional shares up to 2% of the total outstanding, or process on a pro rata basis. No fees will be charged for the repurchase, but shareholders must ensure their requests are valid and complete. The notice also outlines tax implications and provides instructions for withdrawing or modifying tender requests before the deadline.
Additional details:
Investment Company Act File Number: 811-23905
Address Of Principal Executive Office: 51 Madison Avenue, New York, New York 10010
Repurchase Request Deadline: 2025-08-07
Repurchase Pricing Date: 2025-08-07
Net Asset Value: $9.76
Payment Timeline: three business days after the pricing date
Repurchase Offer Amount Percentage: 10%
Form Type: N-23C3A
Filing Date: 2025-01-07
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525002488
Filing Summary: On January 7, 2025, NYLI MacKay Muni Income Opportunities Fund announced a quarterly repurchase offer for its shares. This offer will allow the Fund to repurchase up to 10% of its issued and outstanding shares at the net asset value (NAV) as of February 7, 2025. The repurchase offer period starts on January 7, 2025, and ends on February 7, 2025. Shareholders wishing to participate must submit their Repurchase Request Forms by the specified deadline, otherwise, they will have to wait for the next quarterly repurchase offer to sell their shares. The NAV of the shares as of December 31, 2024, for various share classes (Class I, A1, A2, A3) was reported, and it was noted that the current NAV may fluctuate. The document outlines the procedures for submitting requests, including modifications and withdrawals of requests, and it emphasizes the importance of adhering to all timelines, particularly for shareholders represented by brokers. The Fund affirms it will not impose any repurchase fees, making this offer a straightforward means for shareholders to access liquidity.
Additional details:
Investment Company Act File Number: 811-23905
Address Of Principal Executive Office: 51 Madison Avenue, New York, New York 10010
Repurchase Request Deadline: 2025-02-07T16:00:00-05:00
Repurchase Pricing Date: 2025-02-07
Nav Class I Shares: 10.11
Nav Class A1 Shares: 10.11
Nav Class A2 Shares: 10.12
Nav Class A3 Shares: 10.11
Pro Rata Repurchase Terms: If shareholders tender for repurchase more than the Repurchase Offer Amount, repurchases will be on a pro-rata basis.
Comments
No comments yet. Be the first to comment!