NEW YORK--(BUSINESS WIRE)--MainStay DefinedTerm Municipal Opportunities Fund (the “Fund”) (NYSE:MMD) today announced monthly dividend distributions of $0.098 per common share for the months of July, August and September 2015. The Fund is also pleased to announce that it will provide commentary on the Fund and the municipal market, available to the public on or around July 15, 2015 at www.mainstayinvestments.com/mmd. Dividend Distribution Schedule: Month     Declaration Date     Ex-Date     Reco