Maryland Class C Distribution Plan and Agreement refers to the contractual agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II regarding the distribution of Class C shares in Maryland. This agreement outlines the terms, conditions, and responsibilities associated with the distribution of these shares. Under this plan, Putnam Mutual Funds Corp acts as the distribution agent for Putnam High Yield Trust II, facilitating the sale and distribution of Class C shares to investors. The mutual funds company is responsible for coordinating the marketing, sales, and distribution efforts to ensure that investors have access to these shares. The Class C shares offered through this plan are a specific class of shares in Putnam High Yield Trust II. These shares are typically characterized by a level load sales charge and a higher ongoing distribution fee compared to other classes of shares. Class C shares are often suitable for investors who intend to hold their investments for a shorter duration. The agreement outlines the terms of the distribution plan, including the compensation and expenses associated with distributing the Class C shares. It specifies the fees that the distribution agent will receive, such as sales commissions and ongoing distribution fees. Additionally, the agreement may outline any marketing or sales incentives provided to financial advisors or intermediaries who facilitate the sale of Class C shares. It is important to note that different types of Class C Distribution Plans and Agreements may exist between Putnam Mutual Funds Corp and Putnam High Yield Trust II. These variations may reflect different fee structures, sales charge amounts, and distribution terms. However, without specific information regarding the variations, it is challenging to provide detailed descriptions of each type of plan.
Maryland Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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