Aquila Investment Management has agreed to sell most of its municipal-bond investment advisory business to New York Life Investments. Aquila Narragansett Tax-Free Income is among the strategies involved in the pending transaction, which will close on or about July 19, 2024. Per the agreement, New York Life will merge this strategy's assets into MainStay MacKay Strategic Municipal Allocation MTFGX. We will terminate our coverage of Aquila Narragansett Tax-Free Income Fund at that time.
Aquila Narragansett Tax-Free Income C NITCX Fund Analysis
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