SOURCE: Putnam Investments

Putnam Investments

December 16, 2009 15:56 ET

Putnam Announces Distribution Rates for Open End Funds

BOSTON, MA--(Marketwire - December 16, 2009) - The Trustees of The Putnam Funds declared the following distributions.

                                                     RECORD       PAYMENT
FUND NAME AND DISTRIBUTIONS                          DATE         DATE

Putnam Asset Allocation: Balanced Portfolio - Class A Shares (PABAX)
$0.2710 per extra taxable income (a)                 12/17/09     12/21/09

Putnam Asset Allocation: Conservative Portfolio - Class A Shares (PACAX)
$0.1870 per extra taxable income (a)                 12/17/09     12/21/09

Putnam Asset Allocation: Growth Portfolio - Class A Shares (PAEAX)
$0.4850 per share investment income                  12/17/09     12/21/09

Putnam Asset Allocation: Equity Portfolio - Class A Shares (b)
$0.9550 per share investment income                  12/17/09     12/21/09
$1.5530 per short-term capital gain
$2.508 per share total

(a) Please note that the regular monthly per share investment income distribution rates of $0.0690 for the Putnam Asset Allocation: Balanced Portfolio - Class A Shares (PABAX) and $0.0240 for the Putnam Asset Allocation: Conservative Portfolio - Class A Shares (PACAX) were previously declared on the 12/10/09 press release.

(b) Quotron symbol pending