other
confidence high
sentiment neutral
materiality 0.20
Putnam Municipal Opportunities Trust amends bylaws, exempts control share acquisitions
PUTNAM MUNICIPAL OPPORTUNITIES TRUST
- Bylaws amended to explicitly permit a Vice Chair of the Trustees, previously not referenced.
- Trustees may now fix a new record date for postponed or adjourned shareholder meetings.
- Proxies remain valid at postponed/adjourned sessions unless specifically limited, with new record date condition.
- Trustees voted to exempt all prior and future control share acquisitions from Article 16 of the bylaws.