The New Hampshire Class C Distribution Plan and Agreement is an important document that outlines the terms and conditions governing the distribution of mutual funds offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II in the state of New Hampshire. This agreement sets forth the responsibilities and obligations of both parties involved in the distribution process. Under this agreement, Putnam Mutual Funds Corp, as the fund company, and Putnam High Yield Trust II, as the fund itself, establish a framework for the distribution of Class C shares to investors located in New Hampshire. Class C shares are a specific class of mutual fund shares that typically carry a higher expense ratio but do not impose front-end sales charges. The primary purpose of the New Hampshire Class C Distribution Plan and Agreement is to ensure compliance with regulations and guidelines set forth by regulatory bodies such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The agreement aims to protect investors' interests and promote transparency and fairness in the distribution process. Key provisions of the agreement may include rules regarding the sale and distribution of Class C shares, compensation arrangements between Putnam Mutual Funds Corp and the distribution network, advertising and marketing guidelines, and procedures for handling customer complaints and inquiries. It's important to note that New Hampshire Class C Distribution Plan and Agreement may vary depending on the specific mutual funds and parties involved. Different variations may exist to accommodate unique offerings, target audiences, and specific legal requirements. These different types may include variations in fee structures, distribution channels, and eligibility criteria for investors. In conclusion, the New Hampshire Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a comprehensive and legally binding document outlining the terms and conditions for the distribution of Class C shares in New Hampshire. It serves as an important tool to ensure compliance and protect investors' interests in the state's mutual fund market.
New Hampshire Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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Putnam Investments ? ETFs, Mutual Funds, Institutional, and 529. Putnam is the only fund family ranked in the top 10 by Barron's across all time periods. Barron's list of Best Fund Families, 2023.
You can either pocket the money or reinvest and buy more shares. This money is paid out when your investment is sold for a higher price than what you originally paid for it. (That's why you hear the phrase, "buy low, sell high.") But you don't get that money until you sell your shares.
Dividends are often distributed quarterly and may be paid out as cash or in the form of reinvestment in additional stock. Common shareholders of dividend-paying companies are eligible to receive a distribution as long as they own the stock before the ex-dividend date.
Distributions from your investments can be paid monthly, quarterly or on annual basis. Usually in February each year you will receive all of the information you need from the fund company to accurately report the income distributed to you for tax purposes.
Class C shares of a Fund acquired through automatic reinvestment of dividends or distributions will convert to Class A shares of the Fund on the Conversion Date pro rata with the converting Class C shares of the Fund that were not acquired through reinvestment of dividends or distributions.
Distribution Options: Cash or Reinvest Earned income or realized capital gains may trigger a fund to pay a distribution. When your fund pays a distribution, you can choose to receive it two ways ? in cash or as reinvested units.
Income distribution from a mutual fund to its shareholders can take two forms: A shareholder can elect to be paid directly, which puts the money in their pocket. The shareholder can elect to buy more shares of the fund, which means that they are reinvesting the amount of the dividend in more shares.
Class C shares don't impose a front-end sales charge on the purchase, so the full dollar amount that you pay is invested. Often Class C shares impose a small charge (often 1 percent) if you sell your shares within a short time, usually one year.