PUTNAM INVESTMENTS ANNOUNCES VOTING RESULTS OF ANNUAL MEETING OF SHAREHOLDERS OF PUTNAM MUNICIPAL OPPORTUNITIES TRUST
BOSTON, June 16, 2011 — Putnam 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.
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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 putnam.com. Barron’s is a registered trademark of Dow Jones & Company.
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