BOSTON -- Putnam Investments announced that shareholders have approved two mergers involving five Putnam closed-end funds. Putnam High Yield Municipal Trust (NYSE: PYM) will merge into Putnam Managed Municipal Income Trust (NYSE: PMM). Each of Putnam Investment Grade Municipal Trust (NYSE: PGM) and Putnam Municipal Bond Fund (NYSE: PMG) will...
BOSTON -- Putnam Investments and the Board of Trustees of the Putnam Funds announced today that the Trustees have authorized Putnam Master Intermediate Income Trust (NYSE: PIM) to conduct a tender offer, to be commenced in the first quarter of 2008, for 15% of the fund's outstanding shares, with a...
As a mutual-fund shareholder, you wanted to believe there would be no more scandals, that the bad guys had been caught, would be punished, and that the worst was over. You would have been better off believing in the Tooth Fairy. An agreement reached last week between former Putnam Investments...
BOSTON -- Putnam High Income Securities Fund (NYSE: PCF), Putnam Master Intermediate Income Trust (NYSE: PIM) and Putnam Premier Income Trust (NYSE: PPT) held their annual meeting of shareholders on January 11, 2007.
BOSTON -- Putnam Investments today announced that the Trustees of The Putnam Funds have approved in principle merging Putnam Managed High Yield Trust (NYSE: PTM), a closed-end fund, into Putnam High Yield Trust, an open-end fund pursuing similar investment objectives and strategies. As of February 28, 2006, Putnam Managed High...
By Beth Healy, The Boston Globe Knight Ridder/Tribune Business News Sep. 5--When corporate America came looking for raises last year, Boston's largest mutual funds routinely turned them down, voting in hundreds of cases against lucrative stock and options packages for senior executives, ...
Business Editors ADVISORY...for Tuesday (Nov. 27, 2001) --BUSINESS WIRE--AdvisorCentral.com WHAT: The Chief Executive Officer of AdvisorCentral.Com -- a new Internet portal for financial advisors that was founded by Fidelity InvestmentsR, Franklin Templeton Investors Services, Inc., Putnam Investments and PFPC Inc., a member of The PNC Financial...
Business Editors BOSTON--BUSINESS WIRE--Jan. 18, 2000 Putnam Investments today announced that it will offer Putnam Insured Investor, a term life insurance option for its mutual fund shareholders. Putnam is the first independent mutual fund company to offer such insurance coverage to its shareholders. Putnam Insured Investor protects...
Introduction Mutual funds benefit investors in a variety of ways. They allow small investors to easily diversify their investment holdings and begin with extremely small investments at a very low cost. An additional, less obvious but nevertheless important benefit, is the liquidity that mutual funds provide to investors. By...
The $36.8 billion Virginia Retirement System expects to increase its hedge fund exposure by up to $300 million, bringing it to $750 million to $800 million by the end of the first quarter of 2004. Most of the new allocation will go to existing hedge ...
Clarifies product line, stresses fundamentals, aligns manager incentives to reward top-quartile investment performance BOSTON -- Putnam Investments announced a broad restructuring of its equity investment unit, consolidating fund offerings and realigning manager incentives to reward top-flight results. The structural and product changes continue an energetic turnaround strategy for...
BOSTON -- Putnam Investments and the Board of Trustees announced today that the Board of Trustees has formally approved the mergers of Putnam Municipal Opportunities Trust (NYSE: PMO) into Putnam Tax Exempt Income Fund and of Putnam Managed Municipal Income Trust (NYSE: PMM) into Putnam Tax-Free High Yield Fund. In...
BOSTON -- The Board of Trustees of the Putnam Funds authorized the Putnam Fund's participation in the U.S. Treasury's Money Market Guaranty Program. The program provides coverage to shareholders of Putnam's retail money market funds as of the close of business on September 19, 2008. The temporary guaranty...
NEW YORK -- Fitch Ratings today affirmed the 'AAA/V1+' ratings assigned to Federated Prime Obligations Fund Federated Fund following the addition of approximately $12.3 billion of high quality assets previously held by Putnam Prime Money Market Fund Putnam Fund. Concurrently, Fitch has withdrawn the 'AAA/V1' (see Fitch press release dated...
- Institutional Putnam Prime Money Market Fund clients to become Federated Prime Obligations Fund shareholders - Clients of $12.3 billion Putnam Prime Money Market Fund institutional will receive $1-per-share for $1-per-share of $22 billion Federated Prime Obligations Fund, an AAAm-rated fund - Federated's total money market...
BOSTON -- Putnam Municipal Opportunities Trust (NYSE: PMO) and Putnam Managed Municipal Income Trust (NYSE: PMM) (together, the "Funds") announced today that the Board of Trustees of each Fund has approved in principle a plan to merge the Fund into an open-end fund also managed by Putnam Investments. The plans...
BOSTON -- The Putnam Funds have reported their proxy voting records for the twelve month period ended June 30, 2008. During this period, the Putnam Funds voted against approximately 35% of the proposals by U.S.-based companies to adopt or amend stock option or restricted stock equity compensation plans in which...
Putnam intends to participate in refinancing solutions that address the needs of both common and preferred shareholders BOSTON -- Putnam Investments today announced approval by The Putnam Funds' Board of Trustees (the "Trustees") of a plan to use tender option bonds ("TOBs"), subject to acceptable terms and market...
PROVO, Utah -- Raser Technologies, Inc. (NYSE Arca: RZ) today announced that it will hold a Financial Analyst Day on June 12, 2008, from 8:30 a.m. to 3:00 p.m. MT in Provo, Utah. Raser's executive management team and industry specialists will discuss geothermal energy and the Company's progress...
Articles 2008-05-29
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