Putnam to Merge More Funds
Putnam Investments is moving to concentrate its closed-end funds by combining some of them while merging others into open-end funds.
The plans include merging five tax-exempt closed-end funds: (PGM) Putnam Investment Grade Municipal Trust (PGM) and (PMG) Putnam Municipal Bond Fund (PMG) would be merged into (PMO) Putnam Municipal Opportunities Trust (PMO).
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