What is Putnams view of the settlement?
The Putnam Fund Trustees and Putnam have worked very hard with the Independent Distribution Consultant (IDC) to be sure these calculations were completed in a manner that will reimburse shareholders fully and fairly. The shareholders of the Putnam funds can be assured that Putnam is steadfast about our pledge to put their interests first and that our focus is on continuing to improve performance through the delivery of consistent, dependable, and superior investment results.
