Exhibit 15.2
First Amendment to Distribution Plan
(Class A Shares)
FIRST AMENDMENT TO DISTRIBUTION PLAN OF
PHOENIX CALIFORNIA TAX EXEMPT BONDS, INC.
PURSUANT TO RULE 12B-1 (CLASS A SHARES)
THIS AMENDMENT dated January 4, 1994, of PHOENIX CALIFORNIA TAX EXEMPT
BONDS, INC. (the "Fund"), a Maryland corporation.
Preamble
--------
The Fund and Phoenix Equity Planning Corporation ("PEPCO" or the "Distributor")
have entered into an Underwriting Agreement pursuant to which the Distributor
has and continues to act as principal underwriter of Class A shares of the Fund
(the "Class A Shares") for sale to the public. The Directors of the Fund have
adopted a Distribution Plan dated May 14, 1993 (the "Plan"), in accordance with
the requirements of the Investment Company Act of 1940, as amended (the "Act").
The Directors of the Fund have ratified the issuance of Class B shares of the
Fund and, in connection therewith adopted a Distribution Plan in accordance with
the Act with respect to such shares. In order to clarify and confirm the
expenses and fees to be incurred by Class A shareholders in accordance with the
Plan, the Fund hereby adopts the following modifications to the Plan.
NOW, THEREFORE, in accordance with the rights reserved within paragraph numbered
4 of the Plan, the Plan is hereby amended by replacing all references to "shares
of the Fund" with "Class A shares of the Fund". Except as herein modified, all
other terms and provisions of the Plan shall be and remain unmodified and in
full force and effect.
IN WITNESS WHEREOF, the undersigned has set its hand and seal as of the
day and year first above written.
PHOENIX CALIFORNIA TAX EXEMPT
BONDS, INC.
By: /s/ Xxxxxx X. Xxxxxxxxx
Xxxxxx X. Xxxxxxxxx
Attest:
/s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
