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Tax-Exempt Income Fund
(redirected from Tax Exempt Income Fund)

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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.


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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.
The Alpine Family of Funds encompasses $6 billion of investments, with three main groups: dividend strategies, real estate investments and short term tax exempt income funds, together with the specialized equity funds.
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.
 
 
 
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