Tax-exempt income fund

(redirected from Tax Exempt Income Fund)

Tax-exempt income fund

A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.

Tax-Exempt Income Fund

An income fund that invests predominantly or exclusively in securities exempt from taxes, at least at the federal level. The easiest investment for such a fund is in U.S. Treasury securities.
References in periodicals archive ?
Under the offer, shareholders will receive approximately 99% of the net asset value (NAV) for their shares in cash, whereas PCA's trustees propose to give shareholders the opportunity to receive this same amount sometime in June, if a merger with Putnam California Tax Exempt Income Fund actually passes.
BOSTON -- Putnam Investments and the Board of Trustees announced today that the Board of Trustees has formally approved the mergers of Putnam Municipal Opportunities Trust (NYSE: PMO) into Putnam Tax Exempt Income Fund and of Putnam Managed Municipal Income Trust (NYSE: PMM) into Putnam Tax-Free High Yield Fund.
announces that a class action lawsuit was commenced in the United States District Court for the District of Northern California, on behalf of purchasers, redeemers and holders of shares of Excelsior California Tax Exempt Income Fund , Excelsior Early Life Cycle Fund , Excelsior Funds Equity Income Fund , Excelsior Funds Inc.
The plans call for the merger of PMO into Putnam Tax Exempt Income Fund, and PMM into Putnam Tax-Free High Yield Fund.
BOSTON -- Putnam Investments announced that Putnam Tax-Free Health Care Fund (NYSE: PMH) and the open-end Putnam Tax Exempt Income Fund completed their previously announced merger in a closing held today.
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Northern District of California on behalf of all purchasers, redeemers and holders of shares of Excelsior California Tax Exempt Income Fund , Excelsior Early Life Cycle Fund , Excelsior Funds Equity Income Fund , Excelsior Funds Inc.
The fund is merging into Putnam Tax Exempt Income Fund on September 14, 2007.
Excelsior California Tax Exempt Income Fund Excelsior Early Life Cycle Fund Excelsior Funds Equity Income Fund Excelsior Funds Inc.
BOSTON -- Putnam Investments announced that shareholders of Putnam Tax-Free Health Care Fund (NYSE: PMH), at a special meeting today, approved the merger of the fund into Putnam Tax Exempt Income Fund, an open-end fund also managed by Putnam Investments.
BOSTON -- Putnam Investments announced today that Putnam New York Investment Grade Municipal Trust (AMEX: PMN) and the open-end Putnam New York Tax Exempt Income Fund completed their previously announced merger in a closing held today.
Putnam Europe Equity Fund , Putnam Florida Tax Exempt Income Fund , Putnam Fund for Growth and Income , George Putnam Fund of Boston , Putnam Global Equity Fund , Putnam Global Income Trust
BOSTON -- Putnam Investments announced today that the pricing for closing the merger of Putnam New York Investment Grade Municipal Trust (AMEX: PMN) into the open-end Putnam New York Tax Exempt Income Fund is expected to occur as of Friday, June 22, 2007, following a meeting of PMN's shareholders to consider approval of the terms of the transaction.