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

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9402
• Format: Word; Rich Text

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 Arizona Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a comprehensive and carefully tailored framework designed to outline the various aspects and terms related to the distribution of Class C shares of the funds in the state of Arizona. This agreement provides a roadmap for both companies, ensuring that the distribution process is carried out effectively and in conformity with the relevant rules and regulations governing the mutual fund industry. Putnam Mutual Funds Corp, a highly reputable and well-established investment management company, has entered into this agreement with Putnam High Yield Trust II, one of its premier mutual funds that specializes in investments related to high-yield securities. This partnership highlights their commitment to delivering excellent investment opportunities to investors in Arizona. Under the Arizona Class C Distribution Plan and Agreement, several key components are addressed to ensure transparency and fairness for all parties involved. The agreement covers the following aspects: 1. Class C Shares: The agreement provides a detailed explanation of Class C shares offered by Putnam High Yield Trust II. These shares typically have a lower initial sales charge than Class A shares and are designed to cater to long-term investors. 2. Distribution Network: The plan outlines the distribution channels that will be utilized to sell Class C shares in Arizona, including authorized dealers, banks, brokers, and financial advisors. Specific guidelines are mentioned to regulate the sale process and to maintain compliance with industry regulations. 3. Compensation and Expenses: The agreement includes a clear description of the fees associated with the distribution of Class C shares. It addresses issues such as sales charges, annual distribution fees, and other relevant costs that may be incurred during the distribution process. The specifics regarding compensation arrangements for authorized dealers and intermediaries are also covered. 4. Marketing and Promotional Materials: The plan includes guidelines on the creation and use of marketing and promotional materials related to Class C shares. It ensures that all marketing efforts are fair, accurate, and compliant with applicable laws and regulations, providing investors with reliable information about the fund. 5. Reporting and Auditing: The agreement outlines the reporting and auditing procedures to ensure transparency and regular monitoring of the distribution activities. Both companies are committed to providing accurate and timely reports, financial statements, and other relevant documentation to regulatory bodies and investors. It is important to note that various types of Class C Distribution Plans and Agreements may exist between Putnam Mutual Funds Corp and Putnam High Yield Trust II, tailored to meet the specific requirements of different states or jurisdictions. However, the underlying objectives of these plans remain the same — to establish a clear framework for the distribution of Class C shares in a compliant and efficient manner.