Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
What this document covers
The Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a legal document that outlines the distribution plan for Class C shares of the Putnam High Yield Trust II. This plan, established in accordance with Rule 12b-1 under the Investment Company Act of 1940, governs how expenses related to the sale of Class C shares are incurred and managed. Unlike standard investment agreements, this document specifies terms for compensation related to sales commissions and service fees paid to investment dealers, ensuring regulatory compliance and transparency in operations.
Key components of this form
- Details on the distribution of Class C shares, including compensation structures.
- Structure outlining the approval requirements for the plan's implementation and continuation.
- Provisions for termination of the agreement by a majority vote of qualified trustees or shareholders.
- Regular review requirements for expenses associated with the plan.
- Definitions of key terms and roles within the plan to ensure clearer understanding.
When this form is needed
This form is used when investment trusts need to establish a distribution plan for their Class C shares. It is essential for mutual funds seeking to comply with federal regulations while ensuring that all stakeholders understand the terms of compensation associated with the sales of shares. You may need this form when initiating a public offering of Class C shares or when amending an existing distribution plan.
Intended users of this form
This form is intended for:
- Trustees and administrators of the Putnam High Yield Trust II.
- Investment fund managers and financial representatives managing Class C shares.
- Shareholders seeking to understand the distribution methods and fee structures associated with their investments.
- Legal professionals advising investment companies on compliance with federal regulations.
Steps to complete this form
- Identify the parties involved, including Putnam Mutual Funds Corp and Putnam High Yield Trust II.
- Review the financial terms, including the annual rate of fees applicable to Class C shares.
- Ensure that the plan is approved by the required majority of Class C shareholders and trustees.
- Document any agreements in writing to comply with provisions outlined in the plan.
- Maintain records of quarterly reports and reviews concerning the expenditures related to the distribution plan.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to obtain the necessary shareholder approvals before implementing the plan.
- Not documenting changes or amendments in writing as required.
- Overlooking the requirement for regular reviews and reports of expenditures.
- Confusing the roles of qualified trustees and interested persons, leading to non-compliance.
Why complete this form online
- Convenient access to a legally vetted distribution plan tailored for Class C shares.
- Editability allows for customizable plans that reflect current business strategies.
- Reliable template ensuring compliance with applicable federal regulations.
- Easy downloading for immediate use and implementation.
Legal use & context
- This form is designed to comply with the Investment Company Act of 1940.
- The distribution plan outlines how expenses for selling Class C shares are managed, which is crucial for regulatory compliance.
- Failure to properly execute this agreement may result in legal challenges or penalties imposed by regulatory bodies.
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FAQ
In his mutual fund investment strategy, Dave Ramsey suggests investors to hold four mutual funds in their 401(k) or IRA: one growth fund, one 200bgrowth and income fund, one 200baggressive growth fund, and one 200b200binternational fund.
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Mirae Asset Large Cap Fund. Small Cap Funds. 10.93% 14.86% Invest. Axis Bluechip Fund. Mid Cap Funds. 13.4% 15.09% Invest. ICICI Prudential Bluechip Fund. Mid Cap Funds. 9% 13.09% Invest. SBI Bluechip Fund. MultiCap Funds. 9.06% 11.88% Invest. SBI Flexicap Fund. Balanced Funds. 8.54% 12.89% Invest.
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