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Arkansas Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II

State:
Multi-State
Control #:
US-EG-9402
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Word; 
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Description

Class C Distribution Plan and Agreement between Putnam Mutual Funds Corporation and Putnam High Yield Trust II dated July 16, 1999. 3 pages.

The Arkansas Class C Distribution Plan and Agreement is a legal contract between Putnam Mutual Funds Corp and Putnam High Yield Trust II. This agreement outlines the specific terms and conditions for the distribution of Class C shares of Putnam High Yield Trust II within the state of Arkansas. The main objective of the Arkansas Class C Distribution Plan is to establish a framework for the distribution of mutual funds to investors in the state. This plan ensures compliance with the regulations and guidelines set forth by the Arkansas Securities Department and other relevant regulatory bodies. One key aspect of the Arkansas Class C Distribution Plan is to define the specific distribution channels and methods that will be used for selling Class C shares of Putnam High Yield Trust II. This includes determining the role of intermediaries such as brokers, financial advisors, and dealers in marketing and distributing the mutual funds. Additionally, the agreement addresses the compensation structure for these intermediaries, including sales commissions, fees, and other compensation arrangements. The agreement specifies that all compensation must comply with applicable laws and regulations. Furthermore, the Arkansas Class C Distribution Plan and Agreement may include provisions for investor education and communication. This could involve the creation and dissemination of educational materials, seminars, or online resources to help potential investors make informed decisions about investing in Putnam High Yield Trust II. It is important to note that there might be different versions or variations of the Arkansas Class C Distribution Plan and Agreement depending on the specific needs and requirements of Putnam Mutual Funds Corp and Putnam High Yield Trust II. For example, there may be separate agreements for different subclasses of Class C shares or specific distribution channels within the state. In conclusion, the Arkansas Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II establishes the guidelines and parameters for distributing Class C shares of Putnam High Yield Trust II within the state of Arkansas. This agreement ensures compliance with regulatory requirements, outlines the distribution channels, establishes compensation structures for intermediaries, and may include provisions for investor education and communication.

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FAQ

Robert L. Reynolds will remain with Great-West Lifeco after the completion of the firm's recently announced deal to sell its Putnam Investments subsidiary to Franklin Templeton, a Putnam spokesman confirmed.

Class C shares don't impose a front-end sales charge on the purchase, so the full dollar amount that you pay is invested. Often Class C shares impose a small charge (often 1 percent) if you sell your shares within a short time, usually one year.

Class A shares involve paying a fee when you purchase your shares. Class B shares impose a fee when you sell your shares. Class C shares impose a fee while holding the shares, such as 0.5% of the value of the share per period.

Franklin Templeton will pay approximately $825 million2 in stock consideration up-front at closing and $100 million in cash 180 days after closing for 100% of Putnam.

WINNIPEG ? ? Great-West Lifeco Inc. (?Lifeco?) [TSX: GWO] today announced that Franklin Resources, Inc. [NYSE: BEN], operating as Franklin Templeton, one of the world's largest independent and diversified asset managers, has agreed to acquire Putnam Investments from Lifeco.

Fund giant Franklin Templeton is buying Putnam Investments for $925 million and receiving a substantial investment from Great-West Lifeco, Putnam's parent company and a subsidiary of Power Corp.

More info

How to fill out Class C Distribution Plan And Agreement Between Putnam Mutual Funds Corp And Putnam High Yield Trust II? When it comes to drafting a legal form, ... The fund's distributions will be taxed as ordinary income or capital gains unless you hold the shares through a tax-advantaged arrangement, in which case you ...Manage or update your mutual fund account information with these forms and applications (pdf format). Tax-advantaged income The fund pursues above-average income free from federal income tax by investing in higher-yielding, lower-rated municipal bonds. Focus on ... You can open an account, purchase and/or sell fund shares, or exchange them for shares of another Putnam fund by contacting your financial advisor or by calling ... Dec 16, 2021 — they reduce the income earned by the USAA Mutual Funds available for distribution to the Plan and are not paid from Plan assets. Portfolio ... Analyze the Fund Putnam Tax-Free High Yield Fund Class A having Symbol PTHAX for type mutual-funds and perform research on other mutual funds. Bogle came out with the same type of plan. Mutual funds face great difficulty in enforcing their policies against late trading because for many accounts ... Mar 31, 2023 — The Trust has adopted separate Distribution and Servicing Plans with respect to the Class A, Class C and Class C-2 shares of the Trust. Jul 21, 2021 — This Settlement Agreement, dated as of July 21, 2021 (the “Agreement”), sets forth the terms of settlement between and among the Settling States ...

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Arkansas Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II