Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Halves Load Redemption Periods Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 5, 2008

Putnam Halves Load Redemption Periods

Reported by Erin Kello

Putnam Investments is easing some of the sales load redemption restrictions. In an SEC filing dated August 1, the company amended the section entitled, " How do I sell or exchange fund shares? - Additional requirements - Deferred sales charges for class B, class C and certain class A and class M shares,"to read:

"Unless otherwise agreed with Putnam Retail Management, class A shares that are part of a purchase of $1 million or more (other than by a qualified retirement plan) will be subject to a 1.00 percent deferred sales charge if redeemed within nine months of purchase."


The section previously read:

"Unless otherwise agreed with Putnam Retail Management, class A shares that are part of a purchase of $1 million or more (other than by a qualified retirement plan) will be subject to a 1.00 percent deferred sales charge if redeemed within 18 months of purchase."


The change, effective for all funds purchased after August 1, 2008, knocks nine months off the eligibility period for the sales charge.

The updated information is effective for all retail Putnam funds, except Putnam Money Market Fund and Putnam Tax Exempt Money Market Fund. The prospectus of both of these funds have also been amended separately to reduce the applicable sales load period to nine months.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use