Class C Corp With Bunks

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

Description

The Class C Corp with Bunks Distribution Plan and Agreement outlines the distribution strategy for Class C shares of Putnam High Yield Trust II, a Massachusetts business trust. It allows the Trust to incur expenses primarily aimed at promoting the sale of its Class C shares. The plan stipulates payment structures, including a monthly fee of 1.00% of the average net asset value of the Class C shares, which compensates Putnam Mutual Funds Corp. for various services, including sales commissions and shareholder support. Activation of the plan requires the approval of a majority of Class C shareholders and Trust trustees, ensuring transparency and accountability. It is designed to continue for more than one year but requires annual approval to remain effective. The plan can be terminated by a majority vote of trustees or Class C shareholders at any time, emphasizing flexibility to adapt to changing conditions. Specific details on the reporting and implementation agreements ensure clarity in financial dealings. This document is particularly useful for attorneys, partners, and associates involved in investment funds, as it provides essential information about compliance and managerial responsibilities. Paralegals and legal assistants will find it helpful for understanding the governance structure and operational requirements of mutual funds.
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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

How to fill out Class C Distribution Plan And Agreement Between Putnam Mutual Funds Corp And Putnam High Yield Trust II?

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FAQ

To issue stock as a C Corp, begin by defining the type and amount of shares you wish to offer. You must also create a written agreement detailing the issuance process, especially if your corporation operates as a Class C corp with bunks. Platforms like uslegalforms can assist in drafting the necessary documents to ensure compliance with state regulations and protect your interests.

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Class C Corp With Bunks