Franklin Templeton Announces 19(a) Notices for Closed-End Municipal Funds
Franklin Templeton has released the 19(a) monthly distribution notices for the Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices detail the sources of the funds' monthly distributions, following the latest distribution announcement. The estimates are presented on a per-share basis and include:
- PMM: $0.0238 per share for January, with 88.7% from net investment income and 11.3% from return of capital. Fiscal YTD, $0.0714 per share, with 83.6% from net investment income and 16.4% from return of capital.
- PMO: $0.0350 per share for January, with 90.0% from net investment income and 10.0% from return of capital. Fiscal YTD, $0.3150 per share, with 80.3% from net investment income and 19.7% from return of capital.
Performance data as of 12/31/2024 shows:
- PMM: Annualized distribution rate at NAV of 4.22%, with a fiscal YTD return at NAV of -0.04%.
- PMO: Annualized distribution rate at NAV of 3.69%, with a fiscal YTD return at NAV of 4.48%.
These notices clarify that a portion of the distributions may be a return of capital, which should not be confused with yield or income. The actual amounts for tax purposes will be provided in Form 1099-Div. Further fund-related information can be accessed at www.franklintempleton.com.
Franklin Templeton ha pubblicato i comunicati mensili di distribuzione 19(a) per il Putnam Managed Municipal Income Trust (NYSE: PMM) e il Putnam Municipal Opportunities Trust (NYSE: PMO). Questi comunicati dettagliamo le fonti delle distribuzioni mensili dei fondi, seguendo l'ultima annuncio di distribuzione. Le stime sono presentate su base per azione e includono:
- PMM: $0.0238 per azione per gennaio, con l'88.7% da reddito da investimento netto e l'11.3% da restituzione di capitale. Fiscale YTD, $0.0714 per azione, con l'83.6% da reddito da investimento netto e il 16.4% da restituzione di capitale.
- PMO: $0.0350 per azione per gennaio, con il 90.0% da reddito da investimento netto e il 10.0% da restituzione di capitale. Fiscale YTD, $0.3150 per azione, con l'80.3% da reddito da investimento netto e il 19.7% da restituzione di capitale.
I dati sulle prestazioni al 31/12/2024 mostrano:
- PMM: Tasso di distribuzione annualizzato al NAV del 4.22%, con un rendimento fiscale YTD al NAV del -0.04%.
- PMO: Tasso di distribuzione annualizzato al NAV del 3.69%, con un rendimento fiscale YTD al NAV del 4.48%.
Questi comunicati chiariscono che una parte delle distribuzioni può essere una restituzione di capitale, che non deve essere confusa con il rendimento o il reddito. Gli importi effettivi ai fini fiscali saranno forniti nel modulo 1099-Div. Ulteriori informazioni relative ai fondi possono essere consultate su www.franklintempleton.com.
Franklin Templeton ha publicado los avisos mensuales de distribución 19(a) para el Putnam Managed Municipal Income Trust (NYSE: PMM) y el Putnam Municipal Opportunities Trust (NYSE: PMO). Estos avisos detallan las fuentes de las distribuciones mensuales de los fondos, siguiendo el último anuncio de distribución. Las estimaciones se presentan por acción e incluyen:
- PMM: $0.0238 por acción para enero, con un 88.7% de ingresos por inversiones netas y un 11.3% de devolución de capital. Fiscal YTD, $0.0714 por acción, con un 83.6% de ingresos por inversiones netas y un 16.4% de devolución de capital.
- PMO: $0.0350 por acción para enero, con un 90.0% de ingresos por inversiones netas y un 10.0% de devolución de capital. Fiscal YTD, $0.3150 por acción, con un 80.3% de ingresos por inversiones netas y un 19.7% de devolución de capital.
Los datos de rendimiento a partir del 31/12/2024 indican:
- PMM: Tasa de distribución anualizada al NAV del 4.22%, con un rendimiento fiscal YTD al NAV de -0.04%.
- PMO: Tasa de distribución anualizada al NAV del 3.69%, con un rendimiento fiscal YTD al NAV del 4.48%.
Estos avisos aclaran que una parte de las distribuciones puede ser una devolución de capital, lo que no debe confundirse con rendimiento o ingresos. Los montos reales a efectos fiscales se proporcionarán en el formulario 1099-Div. Se puede acceder a más información relacionada con los fondos en www.franklintempleton.com.
프랭클린템플턴은 풋남 관리 시 정부 수입신탁 (NYSE: PMM) 및 풋남 지방 채권 기회 신탁 (NYSE: PMO)에 대한 19(a) 월 배당 공지를 발표했습니다. 이 공지는 최신 배당 발표에 따라 자금의 월 배당 출처를 상세히 설명합니다. 추정치는 주당 기준으로 제시되며, 다음과 같습니다:
- PMM: 1월 주당 $0.0238, 그 중 88.7%는 순투자 소득에서, 11.3%는 자본 반환에서 나옵니다. 회계연도 YTD로, 주당 $0.0714으로, 그 중 83.6%는 순투자 소득에서, 16.4%는 자본 반환에서 나옵니다.
- PMO: 1월 주당 $0.0350으로, 그 중 90.0%는 순투자 소득에서, 10.0%는 자본 반환에서 나옵니다. 회계연도 YTD로, 주당 $0.3150으로, 그 중 80.3%는 순투자 소득에서, 19.7%는 자본 반환에서 나옵니다.
2024년 12월 31일 기준의 성과 데이터는 다음과 같습니다:
- PMM: NAV 기준 연환산 배당률 4.22%, NAV 기준 회계연도 YTD 수익률 -0.04%.
- PMO: NAV 기준 연환산 배당률 3.69%, NAV 기준 회계연도 YTD 수익률 4.48%.
이 공지는 일부 배당금이 자본 반환일 수 있다는 점을 명확히 하며, 이는 수익이나 소득과 혼동해서는 안 됩니다. 세금 목적을 위한 실제 금액은 1099-Div 양식으로 제공됩니다. 자금과 관련된 추가 정보는 www.franklintempleton.com에서 확인할 수 있습니다.
Franklin Templeton a publié les avis de distribution mensuels 19(a) pour le Putnam Managed Municipal Income Trust (NYSE: PMM) et le Putnam Municipal Opportunities Trust (NYSE: PMO). Ces avis détaillent les sources des distributions mensuelles des fonds, suite à la dernière annonce de distribution. Les estimations sont présentées sur une base par action et comprennent :
- PMM : 0,0238 $ par action pour janvier, dont 88,7 % proviennent d'un revenu d'investissement net et 11,3 % d'un retour de capital. Jusqu'à présent dans l'exercice fiscal, 0,0714 $ par action, dont 83,6 % proviennent d'un revenu d'investissement net et 16,4 % d'un retour de capital.
- PMO : 0,0350 $ par action pour janvier, dont 90,0 % proviennent d'un revenu d'investissement net et 10,0 % d'un retour de capital. Jusqu'à présent dans l'exercice fiscal, 0,3150 $ par action, dont 80,3 % proviennent d'un revenu d'investissement net et 19,7 % d'un retour de capital.
Les données de performance au 31/12/2024 montrent :
- PMM : Taux de distribution annualisé au NAV de 4,22 %, avec un rendement à ce jour pour l'exercice fiscal de -0,04 %.
- PMO : Taux de distribution annualisé au NAV de 3,69 %, avec un rendement à ce jour pour l'exercice fiscal de 4,48 %.
Ces avis précisent qu'une partie des distributions peut être un retour de capital, ce qui ne doit pas être confondu avec un rendement ou un revenu. Les montants réels aux fins fiscales seront fournis dans le formulaire 1099-Div. D'autres informations relatives aux fonds peuvent être consultées sur www.franklintempleton.com.
Franklin Templeton hat die monatlichen Verteilungshinweise 19(a) für den Putnam Managed Municipal Income Trust (NYSE: PMM) und den Putnam Municipal Opportunities Trust (NYSE: PMO) veröffentlicht. Diese Hinweise erläutern die Quellen der monatlichen Ausschüttungen der Fonds, nach der letzten Ausschüttungsankündigung. Die Schätzungen werden pro Aktie angegeben und umfassen:
- PMM: $0.0238 pro Aktie für Januar, wobei 88.7% aus Nettozinseinnahmen und 11.3% aus Rückzahlung von Kapital stammen. Für das Geschäftsjahr bis heute beträgt $0.0714 pro Aktie, davon 83.6% aus Nettozinseinnahmen und 16.4% aus Rückzahlung von Kapital.
- PMO: $0.0350 pro Aktie für Januar, wobei 90.0% aus Nettozinseinnahmen und 10.0% aus Rückzahlung von Kapital stammen. Für das Geschäftsjahr bis heute beträgt $0.3150 pro Aktie, davon 80.3% aus Nettozinseinnahmen und 19.7% aus Rückzahlung von Kapital.
Die Leistungsdaten zum 31.12.2024 zeigen:
- PMM: Annualisierte Ausschüttungsquote beim NAV von 4.22%, mit einem Geschäftsjahresrendite beim NAV von -0.04%.
- PMO: Annualisierte Ausschüttungsquote beim NAV von 3.69%, mit einem Geschäftsjahresrendite beim NAV von 4.48%.
Diese Hinweise machen klar, dass ein Teil der Ausschüttungen eine Rückzahlung von Kapital sein kann, die nicht mit Ertrag oder Einkommen verwechselt werden sollte. Die tatsächlichen Beträge für steuerliche Zwecke werden im Formular 1099-Div bereitgestellt. Weitere fondsbezogene Informationen sind verfügbar unter www.franklintempleton.com.
- None.
- None.
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 (Jan.) | 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 |
$ |
0.0211 |
$ |
- |
$ |
- |
$ |
0.0027 |
|
|
|
|
|
| Fiscal YTD | $ |
0.0714 |
$ |
0.0597 |
$ |
- |
$ |
- |
$ |
0.0117 |
|
|
|
|
||
| PMO (FYE 4/30) | Current month | $ |
0.0350 |
$ |
0.0315 |
$ |
- |
$ |
- |
$ |
0.0035 |
|
|
|
|
|
| Fiscal YTD | $ |
0.3150 |
$ |
0.2528 |
$ |
- |
$ |
- |
$ |
0.0622 |
|
|
|
|
||
The table below provides information regarding distributions and total return performance for various periods.
| Data as of 12/31/2024 | ||||||||
| 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) |
|
|
|
|
- |
|
|
|
| PMO (FYE 4/30) |
|
|
|
|
|
|
|
|
| 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 www.franklintempleton.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/20250108814974/en/
PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581
Source: Franklin Templeton
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