Putnam Closed-End Funds Announce Renewal of Current Share Repurchase Program
Putnam Managed Municipal Income Trust (PMM)
US:NYSE Investor Relations:
putnam.com/individual/mutual-funds/closed-end-funds/funds/56-managed-municipal-income-trust
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Putnam closed-end funds, managed by Franklin Advisers, Inc., announced today that the Trustees of the Putnam Funds have authorized the Putnam closed-end funds to renew the current share repurchase program, allowing each Putnam closed-end fund, during the 365-day period beginning October 1, 2024 and ending September 30, 2025, to repurchase at a discount to net asset value up to 10% of its outstanding common shares (based on common shares outstanding as of September 30, 2024) in open market transactions.The Putnam closed-end funds instituted the share repurchase program in 2005. The share repurchase program is intended to enhance closed-end fund shareholder value, as repurchases made at a discount will have the effect of increasing the net asset value per share of the applicable fund's remaining shares. The Trustees authorized both the share repurchase program and its current renewal in the belief that repurchases of closed-end fund shares may at times
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News
- Franklin Templeton Announces 19(a) Notices for Closed-End Municipal FundsBusiness Wire
- Franklin Templeton Closed-End Funds Announce Share Repurchases for the Third Quarter of 2024Business Wire
- Putnam Investments Announces 19(a) Notices for Closed-End Municipal FundsBusiness Wire
- Putnam Investments Announces 19(a) Notices for Closed-End Municipal FundsBusiness Wire
PMM
Sec Filings
- 11/13/24 - Form 5
- 11/4/24 - Form N-CEN/A
- 9/25/24 - Form NPORT-P
- PMM's page on the SEC website