In a recent SEC filing, Franklin Tax-Free Trust (CIK: 0000757010) submitted Form 497K, a filing typically used by mutual funds to notify shareholders of their intent to reinvest dividends and capital gains distributions in additional shares of the fund. This filing is significant as it provides transparency to investors about the fund’s distribution policies and helps them understand how their returns are being managed.
Franklin Tax-Free Trust is a mutual fund that aims to provide investors with income that is exempt from federal income taxes. The fund primarily invests in municipal bonds and seeks to provide a high level of current income that is exempt from federal income taxes. For more information about Franklin Tax-Free Trust, you can visit their website here.
Form 497K is a filing required by the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940. This form is used by mutual funds to inform shareholders about the reinvestment of dividends and capital gains distributions. By filing Form 497K, Franklin Tax-Free Trust is ensuring that investors are aware of how their distributions are being handled and are kept informed about the fund’s distribution policies.
Read More:
Franklin Tax-Free Trust (0000757010) Submits Form 497K to SEC
Leave a Reply