The Kansas Class C Distribution Plan and Agreement is a contractual agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II. This agreement outlines the terms and conditions for the distribution of Class C shares of the mutual fund to investors in the state of Kansas. The Kansas Class C Distribution Plan was designed to comply with the specific regulations and requirements set forth by the Kansas Securities Commissioner. It ensures that the distribution of Class C shares is conducted in accordance with the state's laws and regulations. Under this agreement, Putnam Mutual Funds Corp agrees to make Class C shares of Putnam High Yield Trust II available for purchase by Kansas investors. Class C shares are typically characterized by their lower initial sales charge compared to other share classes, but may carry higher ongoing expenses. The Kansas Class C Distribution Plan may also specify additional provisions, such as the eligibility criteria for investors to purchase Class C shares, any restrictions or limitations on the purchase or sale of these shares, and the frequency and method of calculating sales charges and expenses. It is important to note that the specific terms and conditions of the Kansas Class C Distribution Plan and Agreement may vary depending on the mutual fund and the investment company involved. Different mutual funds may have their own unique distribution plans and agreements tailored to comply with the regulations of the state in which they operate. Ultimately, the Kansas Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II ensures that the distribution and sale of Class C shares in the state of Kansas adhere to the applicable laws and regulations, providing transparency and protection for investors.
Kansas Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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