Salt Lake Utah Class C Distribution Plan and Agreement is a contractual arrangement between Putnam Mutual Funds Corp and Putnam High Yield Trust II, outlining the distribution framework for the Class C shares of the mutual funds. This agreement is crucial in determining the sales, distribution channels, compensation, and other related aspects for the distribution of these investment products. The Salt Lake Utah Class C Distribution Plan and Agreement reflect Putnam Mutual Funds Corp's commitment to expanding the availability of Class C shares for investors in the Salt Lake Utah region. This distribution plan allows individual and institutional investors to access a specific class of shares that offer distinct features compared to other share classes, such as Class A and Class B shares. The agreement provides a comprehensive framework for the distribution of Salt Lake Utah Class C shares, including the identification of authorized distribution partners, sales practices, charges, fees, and commissions associated with the sale of these shares. It also outlines the specific terms and conditions under which Putnam Mutual Funds Corp and Putnam High Yield Trust II will cooperate to facilitate the distribution process. The Salt Lake Utah Class C Distribution Plan and Agreement may include provisions related to marketing efforts, training and education materials for distribution partners, compliance requirements, reporting obligations, and ongoing communication channels to ensure transparency and efficiency throughout the distribution process. Furthermore, it is important to note that there may be different types or variations of the Salt Lake Utah Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II. While the specific names of these variations might not be explicitly mentioned, they could include customized agreements tailored to the needs of specific distribution partners or individual investors in Salt Lake Utah. Overall, the Salt Lake Utah Class C Distribution Plan and Agreement represents a vital document that governs the distribution of Class C shares of mutual funds in the region. It ensures that investors have access to a specific class of shares and that the distribution process adheres to regulatory standards and aligns with the objectives of both Putnam Mutual Funds Corp and Putnam High Yield Trust II.
Salt Lake Utah Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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Putnam Investments managed assets worth $188 billion as of the end of November 2020, with $91 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
Putnam Investment has more than 100 mutual funds and 60 institutional strategies across a range of asset classes and investment styles.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
It is currently owned by the Power Financial Corporation.
Putnam is a subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies.
It is a subsidiary of Great-West Lifeco and as of June 2017 managed $183 billion in assets across 80 mutual funds, 100 institutional clients, and 5 million shareholders and participants. It is currently owned by the Power Financial Corporation.
Under the terms of the Agreement and Plan of Reorganization, the assets and liabilities of Growth and Income Fund will be transferred to Equity Income Fund in return for shares of Equity Income Fund (the Merger Shares) with equal total net asset value as of the valuation date.