Class C Corp Withholding Tax

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

Description

The Class C Corp Withholding Tax form outlines the distribution plan for Class C shares of the Putnam High Yield Trust II, managed under the Investment Company Act of 1940. The key feature of the form is the structured fee of 1.00% of the average net asset value of Class C shares, intended to cover operational costs and commission payments to investment dealers. This plan requires annual approvals for its continuation and can only be amended with shareholder consent. Attorneys, partners, owners, and associates will find this form useful for understanding the fiduciary responsibilities and financial implications related to Class C shares. Paralegals and legal assistants can use it as a reference for compliance with regulations concerning mutual fund expenses. The form also stipulates that written agreements must oversee the implementation of the plan, ensuring clarity and legal adherence. The plan's flexibility in changes, requiring majority shareholder votes for certain adjustments, maintains transparency and accountability. Overall, this form serves to clarify the financial framework and obligations associated with managing Class C shares in 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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Class C Corp Withholding Tax