In a recent SEC filing, Putnam Minnesota Tax Exempt Income Fund (CIK: 0000794612) submitted a Form 497K. This filing is significant as it provides shareholders and potential investors with important information about the fund’s tax-exempt income activities in Minnesota. Form 497K is typically used by mutual funds to report income from state-specific municipal bonds that are exempt from federal and state income taxes.
Putnam Minnesota Tax Exempt Income Fund is a mutual fund that focuses on providing investors with income that is exempt from federal and Minnesota state income taxes. The fund invests in a diversified portfolio of municipal bonds issued by entities within the state of Minnesota. By investing in this fund, individuals can potentially earn tax-free income while supporting local infrastructure projects and public services in Minnesota.
For more information about Putnam Minnesota Tax Exempt Income Fund and its investment strategies, interested parties can visit the company’s official website at https://www.putnam.com/. Investors should carefully review the details provided in the Form 497K filing to understand the fund’s performance, risks, and tax implications associated with investing in tax-exempt municipal bonds in Minnesota.
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Putnam Minnesota Tax Exempt Income Fund (0000794612) Files Form 497K with SEC
