Putnam Investments Announces 19(a) Notices for Closed-end Municipal Funds
March 06 2024 - 9:40AM
Business Wire
The 19(a) monthly distribution notices for Putnam Managed
Municipal Income Trust (NYSE: PMM) and Putnam Municipal
Opportunities Trust (NYSE: PMO) are now available. These
informational notices provide further details on the sources of the
funds’ monthly distributions and follows the most recent
distribution announcement.
The table below provides an estimate of the sources of the
Fund’s current distribution and its cumulative distributions paid
this fiscal year-to-date. Amounts are expressed on a per share of
common stock basis, and as a percentage of the distribution
amount.
Estimated sources & percentages of distributions Ticker Time
period
Per share
distribution
(Mar.)
Net
investment
income
Short-term
capital
gains
Long-term
capital
gains
Return of capital
Net
investment
income
Short-
term
capital
gains
Long-
term
capital
gains
Return of
capital
PMM (FYE
10/31)
Current month
$
0.0238
$
0.0197
$
-
$
-
$
0.0041
82.8%
0.0%
0.0%
17.2%
Fiscal YTD
$
0.1190
$
0.0885
$
-
$
-
$
0.0305
74.4%
0.0%
0.0%
25.6%
PMO (FYE
4/30)
Current month
$
0.0350
$
0.0275
$
-
$
-
$
0.0075
78.6%
0.0%
0.0%
21.4%
Fiscal YTD
$
0.3850
$
0.2653
$
-
$
-
$
0.1197
68.9%
0.0%
0.0%
31.1%
The table below provides information regarding distributions and
total return performance for various periods.
Data as of 2/29/2024
Annualized
Cumulative
5-year
Current
Fiscal
Fiscal YTD
return
distribution
YTD
distribution
Ticker
at NAV
rate at NAV*
return at NAV
rate at NAV**
PMM (FYE 10/31)
2.05%
4.24%
18.75%
4.24%
PMO (FYE 4/30)
2.46%
3.66%
6.03%
3.66%
Performance includes the deduction of management fees and
administrative expenses, assumes reinvestment of distributions, and
does not account for taxes. *Most recent distribution
annualized and divided by NAV at the end of the period. **Total
fiscal period distributions annualized and divided by NAV at the
end of the period.
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s Distribution Policy.
The Fund estimates that it has distributed more than its income
and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital may
occur, for example, when some or all of the money that you invested
in the Fund is paid back to you. A return of capital distribution
does not necessarily reflect the Fund’s investment performance and
should not be confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported in this 19(a)
Notice are only estimates and are not being provided for tax
reporting purposes. The actual amounts and sources of the amounts
for tax reporting purposes will depend on the Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-Div for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
The funds periodically provide fund-related information on their
websites. The following information will be available for each fund
at putnam.com at the frequencies indicated: (1) Full holdings will
be available monthly beginning on the 8th business day after the
end of each month; (2) Top 10 holdings and additional portfolio
statistics will be available monthly, approximately 15 days after
month-end.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240306086968/en/
PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581
Putnam Managed Muni Income (NYSE:PMM)
Historical Stock Chart
From Jul 2024 to Aug 2024
Putnam Managed Muni Income (NYSE:PMM)
Historical Stock Chart
From Aug 2023 to Aug 2024