Form 4: Portfolio Manager John J. Lawlor Acquires 2,500 Shares of MacKay DefinedTerm Muni Opportunities Fund

Portfolio Manager John J. Lawlor purchased 2,500 shares of MacKay DefinedTerm Muni Opportunities Fund at $15.79 per share on November 20, 2024.

Summary

• John J. Lawlor, a Portfolio Manager at MacKay DefinedTerm Muni Opportunities Fund, acquired 2,500 shares of the fund's beneficial interest.
• The transaction occurred on November 20, 2024, at a price of $15.79 per share.
• This purchase increases Lawlor's direct holdings in the fund.

Sentiment

Score: 6

Explanation: The document is a routine transaction disclosure, neither particularly positive nor negative. It indicates a portfolio manager's investment in the fund, which could be seen as a positive sign, but it's not a major event.

Positives

• The purchase by a portfolio manager may indicate confidence in the fund's future performance.

Industry Context

This is a routine disclosure of a transaction by a fund manager, which is common in the investment management industry.

Comparison to Industry Standards

• Transactions by fund managers are regularly disclosed in SEC filings.
• The size of the transaction is relatively small and likely not material to the overall fund.

Stakeholder Impact

• The purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

MacKay DefinedTerm Muni Opportunities Fund, Portfolio Manager, Share Purchase, Beneficial Ownership, MMD, John J. Lawlor