PMO
Putnam Municipal Opportunities Trust10.43
-0.06-0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
308.69MP/E (TTM)
260.75Basic EPS (TTM)
0.04Dividend Yield
0.04%Recent Filings
8-K
Franklin acquires Putnam Holdings
Franklin Resources announced on May 31, 2023, a definitive agreement to acquire Putnam Holdings from Great-West Lifeco Inc. in a stock and cash deal, making Putnam Management an indirect subsidiary and impacting funds like Putnam Municipal Opportunities Trust. The deal awaits regulatory approvals and is slated for Q4 2023 close. It triggers automatic termination of existing management contracts, requiring board and shareholder approvals for new ones. This shift promises integrated operations yet demands swift contract renewals.
8-K
Bylaws amended for flexibility
Putnam Municipal Opportunities Trust amended its bylaws on February 23, 2023, adding provisions for a Vice Chair, clarifying record date flexibility for shareholder meetings, and ensuring proxy validity at adjourned sessions. Trustees also exempted all prior and future share purchases from control share acquisition restrictions under the new bylaws. These tweaks streamline governance. No financial impacts disclosed.
8-K
Bylaws amended against activists
Putnam Municipal Opportunities Trust amended its bylaws on September 18, 2020, introducing a Control Share Amendment to curb activist investor influence. This provision requires non-interested shareholders to approve voting rights for shares acquired in blocks granting 10% or more voting power, excluding pre-existing holdings from the trigger but including them in threshold calculations. It safeguards the fund's independence. Yet, acquiring shareholders can seek approval at the next annual meeting.
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