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What events led to the distribution payments owed to Putnam shareholders?

April 26, 2017distribution events LED PAYMENTS Putnam Shareholders

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What events led to the distribution payments owed to Putnam shareholders?

1 Answer

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The distribution payments owed to Putnam shareholders resulted from losses attributable to market timing or excessive short-term trading of Putnam mutual funds by Putnam employees and shareholders in their mutual fund and retirement accounts.