New York 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 New York Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a comprehensive outline that governs the distribution of investment products offered by Putnam Mutual Funds Corp in the state of New York. Under this agreement, Putnam Mutual Funds Corp and Putnam High Yield Trust II establish the terms and conditions for distributing Class C shares of their respective mutual funds to investors in New York. Class C shares typically involve a back-end sales charge, known as a contingent deferred sales charge (CDs), that declines over time. The distribution plan outlines the fee structure, sales charge schedule, and various provisions related to the marketing and promotion of Class C shares. It also details the responsibilities of both parties involved, including Putnam Mutual Funds Corp as the fund sponsor and Putnam High Yield Trust II as the target mutual fund. The objective of the New York Class C Distribution Plan and Agreement is to provide a framework that ensures transparency, fair practices, and compliance with applicable laws and regulations in the distribution of mutual fund shares. It aims to protect investor interests by outlining clear guidelines for sales charges, disclosure requirements, and compensation practices. Different types or variations of the New York Class C Distribution Plan and Agreement may exist based on specific mutual funds offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II. These variations could be influenced by factors such as investment strategies, asset classes, risk profiles, or fund objectives. However, without specific information on additional types available, it is difficult to provide further differentiation in this context. In summary, the New York Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II serves as a vital document that outlines the distribution framework for Class C shares of their mutual funds in New York. It prioritizes investor protection, regulates sales charges, and establishes guidelines for marketing and promotion activities.

The New York Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a comprehensive outline that governs the distribution of investment products offered by Putnam Mutual Funds Corp in the state of New York. Under this agreement, Putnam Mutual Funds Corp and Putnam High Yield Trust II establish the terms and conditions for distributing Class C shares of their respective mutual funds to investors in New York. Class C shares typically involve a back-end sales charge, known as a contingent deferred sales charge (CDs), that declines over time. The distribution plan outlines the fee structure, sales charge schedule, and various provisions related to the marketing and promotion of Class C shares. It also details the responsibilities of both parties involved, including Putnam Mutual Funds Corp as the fund sponsor and Putnam High Yield Trust II as the target mutual fund. The objective of the New York Class C Distribution Plan and Agreement is to provide a framework that ensures transparency, fair practices, and compliance with applicable laws and regulations in the distribution of mutual fund shares. It aims to protect investor interests by outlining clear guidelines for sales charges, disclosure requirements, and compensation practices. Different types or variations of the New York Class C Distribution Plan and Agreement may exist based on specific mutual funds offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II. These variations could be influenced by factors such as investment strategies, asset classes, risk profiles, or fund objectives. However, without specific information on additional types available, it is difficult to provide further differentiation in this context. In summary, the New York Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II serves as a vital document that outlines the distribution framework for Class C shares of their mutual funds in New York. It prioritizes investor protection, regulates sales charges, and establishes guidelines for marketing and promotion activities.