Class C Corp With Bunk Beds

State:
Multi-State
Control #:
US-EG-9402
Format:
Word; 
Rich Text
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Description

The Class C Corp with Bunk Beds document outlines the distribution plan and agreement for the Class C shares of Putnam High Yield Trust II. This plan, established under Rule 12b-1 of the Investment Company Act of 1940, allows the Trust to incur expenses primarily aimed at promoting the sale of its Class C shares. Key features of the plan include a monthly fee of 1.00% of the average net asset value of the Class C shares paid to Putnam Mutual Funds Corp., intended for services and commissions related to the offering. The plan requires approval from a majority of Class C shareholders and must undergo annual reviews to continue its effectiveness. Additionally, the plan allows for termination by a vote from the Qualified Trustees or Class C shareholders, ensuring oversight and compliance. It is designed for usage by attorneys, partners, owners, associates, paralegals, and legal assistants who may need to understand financial distributions or establish a foundation for future investment strategies involving Class C shares. Its clarity and structured approach make it user-friendly for those with minimal legal experience, while ensuring the necessary compliance with regulatory requirements.
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  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II

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Class C Corp With Bunk Beds