PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND CLASS T DISTRIBUTION PLAN AND AGREEMENTDistribution Plan and Agreement • February 24th, 2017 • Putnam California Tax Exempt Income Trust
This Plan and Agreement (the “Plan”) constitutes the Distribution Plan for the Class T shares of Putnam California Tax Exempt Income Fund, a Massachusetts business trust (the “Trust”), adopted pursuant to the provisions of Rule 12b-1 under the Investment Company Act of 1940 (the “Act”) and the related agreement between the Trust and Putnam Retail Management Limited Partnership (“PRM”). During the effective term of this Plan, the Trust may incur expenses primarily intended to result in the sale of its Class T shares upon the terms and conditions hereinafter set forth:
