Form 4: Portfolio Manager John J. Lawlor Trades Shares of MacKay DefinedTerm Muni Opportunities Fund

Portfolio Manager John J. Lawlor acquired 2,000 shares of MacKay DefinedTerm Muni Opportunities Fund at $14.74 per share, while disposing of 4,500 shares.

Summary

• John J. Lawlor, a Portfolio Manager at MacKay DefinedTerm Muni Opportunities Fund, engaged in a transaction involving the fund's shares.
• On January 14, 2025, Mr. Lawlor purchased 2,000 shares at a price of $14.74 per share.
• Concurrently, Mr. Lawlor disposed of 4,500 shares.
• Following these transactions, Mr. Lawlor's beneficial ownership of the fund's shares is not explicitly stated in the document.

Sentiment

Score: 5

Explanation: The document is a neutral report of a transaction, with no positive or negative implications. It is a standard regulatory filing.

Industry Context

This is a routine disclosure of a transaction by a fund manager, which is common in the investment management industry. Such filings are required to maintain transparency and prevent insider trading.

Comparison to Industry Standards

• The transaction is typical for portfolio managers who actively manage funds, and the disclosure is in line with SEC regulations.
• Similar transactions are regularly reported by other fund managers across the industry, such as those at BlackRock, Vanguard, and Fidelity.

Stakeholder Impact

• The transaction may have a minor impact on the fund's share price, but it is unlikely to be significant given the relatively small volume of shares traded compared to the overall fund size.
• Shareholders are informed of the transaction as part of regulatory requirements.

Key Dates

Keywords

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