MainStay Management LLC Enhances Shareholder Website; Security-Protected Site to Substantially Improve Account Access.Business Editors NEW YORK--(BUSINESS WIRE)--April 4, 2000 MainStay Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a unit of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Life Asset Management LLC, announced today the enhancement of its fund-information website for The MainStay(R) Funds, mainstayinv.com. Shareholders now have access to their personal account information and the ability to effect transactions via the website 24 hours a day. Shareholders can access their account information, purchase shares, exchange shares, order additional Money Market Fund checks, obtain statements and view transactions via the website, as well as review recent account activity. Importantly, the MainStay shareholder personal information is secured with a secret passcode. "We are pleased to be able to provide our shareholders with this real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. investment management tool," said Eric ERIC Educational Research Information Clearinghouse ERIC Educational Resources Information Center ERIC ERISA Industry Committee ERIC Epidemiologic Research and Information Center (Durham, NC) Disend, Managing Director of MainStay Management, who spearheaded the website enhancement. "We believe that our clients will be pleased with the options we have afforded them on this site and we look forward to expanding its scope." "The MainStay website now allows our shareholders to have a more proactive role in their investments. The site enhancements represent another important step in our efforts to provide timely, accurate and secure information to our shareholders," said Mr. Disend. Funds offered by MainStay cover most major asset categories, including equity, fixed income, high yield, and international. The Funds offer both active and quantitative management, and comprise To embrace, cover, or include; to confine within; to consist of. In the law governing patents—grants of an exclusive right or privilege to make, use, or sell an invention or product for a term of years—the term comprise over $21 billion of assets as of March 31, 2000. MainStay Management LLC is a unit of New York Life Asset Management LLC, which managed $130 billion in assets as of December December: see month. 31,1999. The New York Life Asset Management complex offers specialist capabilities in money management, retirement benefit services, real estate management, and individual and institutional investment services. The MainStay Funds and MainStay Institutional Funds Inc., are distributed by NYLIFE Distributors Inc. (Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ), 300 Interpace Parkway, Building A, Parsippany, New Jersey 07054. For more information about the MainStay Funds (retail and institutional), including free prospectuses that include fees and expenses, call 1-800-MAINSTAY (1.800.624.6782). Please read the prospectuses carefully before you invest or send money. Most MainStay funds are offered with more than one class of shares. When deciding whether to purchase a particular class of shares, investors should consider the services desired, the investment amount, anticipated holding period Anticipated holding period The period of time an individual expects to hold an asset. , and other relevant factors. Past performance is no guarantee of future results. |
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