Press release


BOSTON, June 16, 2011Putnam Investments and the Board of Trustees of the Putnam Funds today announced that IVS Associates, Inc., the independent inspector of election at the May 25, 2011 meeting of shareholders of Putnam Municipal Opportunities Trust (NYSE: PMO), has certified the voting results of the meeting.

The certified results show that preferred shareholders voted to re-elect independent fund Trustees John A. Hill and Robert E. Patterson, each of whom received 5,224 affirmative votes (approximately 73.02% of PMO’s outstanding preferred shares). The two candidates nominated by a dissident shareholder for election by preferred shareholders each received one affirmative vote (approximately 0.01% of PMO’s outstanding preferred shares).

The certified results also show that a quorum was not present with respect to those matters to be voted on by the common and preferred shareholders voting together as a single class. As a result, in accordance with PMO’s Declaration of Trust and Bylaws, independent fund Trustees Ravi Akhoury, Barbara M. Baumann, Jameson A. Baxter, Charles B. Curtis, Robert J. Darretta, Paul L. Joskow, Kenneth R. Leibler, George Putnam, III, and W. Thomas Stephens, as well as fund Trustee Robert L. Reynolds, remain in office and continue to serve as Trustees. A quorum would have been achieved if the dissident shareholder had attended the shareholder meeting and had voted its common shares.

About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. The firm was recently named one of the top 15 mutual fund families by Lipper/Barron's for the second consecutive year. At the end of May 2011, Putnam had $129 billion in assets under management, including mutual fund assets of $70 billion and institutional assets of $59 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit

Putnam mutual funds are distributed by Putnam Retail Management.

The Lipper/Barron’s survey, published February 7, 2011, for the 2010 award period, ranked Putnam 14 out of 57 fund families with funds in five categories: general U.S. stock, global or international, mixed–asset, taxable bond, and tax–exempt bond. Putnam Investments ranked 41 of 53 and 38 of 46 for the 5– and 10–year periods, respectively. The Lipper/Barron’s survey published February 1, 2010, for the 2009 award period, ranked Putnam Investments #1 and included 61 fund families with funds in the same five categories as above. Putnam ranked 43 of 54 and 46 of 48 for the 5– and 10–year periods, respectively. Only funds with at least one year of performance were included. Returns were calculated minus the effects of sales charges and 12b–1 fees. Rankings were asset weighted, so larger funds had a greater impact on a fund family’s overall ranking, and then weighted by category, with each category assigned a percentage. Past performance is not indicative of future results. For more information on the Lipper/Barron’s survey methodology, visit Barron’s is a registered trademark of Dow Jones & Company.

The information provided relates to Putnam Investments, and its affiliates, which include Putnam Advisory company, LLC., and Putnam Investments Limited®.

This material is directed exclusively at investment professionals. Any investments to which this material relates are available only to or will be engaged in only with investment professionals. Any person who is not an investment professional should not act or rely on this material.
This does not constitute an offer for products or services, or a solicitation of an offer to any persons outside of the U.S. who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile, or residence, and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Putnam Investments or its affiliates to any registration requirement within such jurisdiction or country.

Issued in the United Kingdom by Putnam Investments Limited®. Putnam Investments Limited is authorized and regulated by the Financial Services Authority.

Prepared for use with wholesale investors in Australia by Putnam Investments Australia Pty Limited, ABN,50 105 178 916, AFSL No. 247032. This material has been prepared without taking account of an investor's objectives, financial situation, and needs. Before deciding to invest, investors should consider whether the investment is appropriate for them. Putnam Investments Australia Pty Ltd. is located at Level 40, Australia Square, 264 George St., Sydney, NSW 2000.

This material is prepared by Putnam Investments for use in Japan by Putnam Investments Securities Co., Ltd. ("PISCO"), and is for Professional Iinvestors defined in Article 2, Paragraph 31 of the Financial Instruments and Exchange Law of Japan ("Tokutei-toshika") only. PISCO is registered with Kanto Local Finance Bureau in Japan as a financial instruments firm conducting the first financial instruments business, is a member of Japan Securities Dealers Association. This material is prepared for informational purposes only, is not meant as investment advice, and does not constitute any offer or solicitation in Japan for the execution of an investment advisory contract or a discretionary investment contract.

Prepared for use in Canada by Putnam Investments Inc. [Investissements Putnam Inc.] (o/a Putnam Management in Manitoba). Where permitted, advisory services are provided in Canada by Putnam Investments Inc. [Investissements Putnam Inc.] (o/a Putnam Management in Manitoba) and its affiliate, The Putnam Advisory Company, LLC.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1–800–225–1581. Please read the prospectus carefully before investing.