The Hennepin Minnesota Class C Distribution Plan and Agreement refer to a specific arrangement between Putnam Mutual Funds Corp and Putnam High Yield Trust II regarding the distribution of Class C shares in Hennepin County, Minnesota. This comprehensive plan outlines the terms and conditions under which these mutual funds will be distributed to investors in this region. The Hennepin Minnesota Class C Distribution Plan and Agreement aim to ensure efficient and transparent distribution of Putnam Mutual Funds Corp and Putnam High Yield Trust II Class C shares to potential investors within Hennepin County. The agreement covers various important aspects, such as marketing strategies, target audiences, compensation agreements, and regulatory compliance. By implementing this distribution plan, both Putnam Mutual Funds Corp and Putnam High Yield Trust II seek to increase the accessibility and awareness of their investment products in Hennepin County, making it easier for local residents to invest in these funds and potentially benefit from their performance. Within the Hennepin Minnesota Class C Distribution Plan and Agreement, there may be different types or variations of distribution plans, including: 1. Targeted Marketing Plan: This type of plan focuses on identifying specific market segments within Hennepin County and tailoring marketing efforts to reach potential investors in those segments. It may involve strategies such as targeted advertising, media campaigns, and partnering with local financial advisors to promote the funds. 2. Sales Compensation Plan: This plan outlines the compensation structure for financial advisors or intermediaries involved in the distribution of Class C shares. It determines commission rates, bonuses, and other incentives based on the performance of the mutual funds within Hennepin County. 3. Compliance and Regulatory Plan: This plan ensures adherence to all applicable laws, regulations, and industry standards relating to the distribution of mutual funds in Hennepin County. It includes measures to protect investors and maintain compliance with federal and state securities regulations. 4. Reporting and Monitoring Plan: This plan includes regular reporting and monitoring procedures to assess the effectiveness of the distribution plan in Hennepin County. It may involve tracking sales figures, investor demographics, and feedback to evaluate the success of the marketing strategies employed. Overall, the Hennepin Minnesota Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II serve as a comprehensive framework for effectively distributing Class C shares in Hennepin County. It ensures efficient marketing, proper compensation for intermediaries, compliance with regulations, and continuous evaluation to promote the growth of these mutual funds in the local market.