SOURCE: Putnam Investments

Putnam Investments

December 28, 2009 16:05 ET

Putnam Announces Dividend Rates for Multi-Class Open-End Funds

BOSTON, MA--(Marketwire - December 28, 2009) - The Trustees of The Putnam Funds declare the following distributions today.

                                                         RECORD    PAYMENT
FUND NAME AND DISTRIBUTIONS                               DATE      DATE
---------------------------                             --------  --------
Putnam Capital Spectrum Fund - Class B Shares (PVSBX)
----------------------------------------------------
$0.1020 per share investment income                     12/28/09  12/30/09
$0.0500 per share extra taxable income
$0.3140 per share short-term capital gain
-----------------------------------------
$0.4660 per share total

Putnam Capital Spectrum Fund - Class C Shares (PVSCX)
----------------------------------------------------
$0.1120 per share investment income                     12/28/09  12/30/09
$0.0500 per share extra taxable income
$0.3140 per share short-term capital gain
-----------------------------------------
$0.4760 per share total

Putnam Capital Spectrum Fund - Class M Shares (PVSMX)
----------------------------------------------------
$0.1170 per share investment income                     12/28/09  12/30/09
$0.0500 per share extra taxable income
$0.3140 per share short-term capital gain
-----------------------------------------
$0.4810 per share total

Putnam Capital Spectrum Fund - Class R Shares (PVSRX)
----------------------------------------------------
$0.1230 per share investment income                     12/28/09  12/30/09
$0.0500 per share extra taxable income
$0.3140 per share short-term capital gain
-----------------------------------------
$0.4870 per share total

Putnam Capital Spectrum Fund - Class Y Shares (PVSYX)
----------------------------------------------------
$0.1450 per share investment income                     12/28/09  12/30/09
$0.0500 per share extra taxable income
$0.3140 per share short-term capital gain
-----------------------------------------
$0.5090 per share total

Putnam Convertible-Income Growth Trust - Class B Share (PCNBX)
-------------------------------------------------------------
$0.1100 per share investment income                     12/28/09  12/30/09

Putnam Convertible-Income Growth Trust - Class C Share (PRCCX)
-------------------------------------------------------------
$0.1100 per share investment income                     12/28/09  12/30/09

Putnam Convertible-Income Growth Trust - Class M Share (PCNMX)
-------------------------------------------------------------
$0.1190 per share investment income                     12/28/09  12/30/09

Putnam Convertible-Income Growth Trust - Class R Share (PCVRX)
-------------------------------------------------------------
$0.1320 per share investment income                     12/28/09  12/30/09

Putnam Convertible-Income Growth Trust - Class Y Share (PCGYX)
-------------------------------------------------------------
$0.1530 per share investment income                     12/28/09  12/30/09

Putnam Equity Spectrum Fund - Class B Shares (PYSOX)
---------------------------------------------------
$0.6120 per share short-term capital gain               12/28/09  12/30/09

Putnam Equity Spectrum Fund - Class C Shares (PYSCX)
---------------------------------------------------
$0.0080 per share investment income                     12/28/09  12/30/09
$0.6120 per share short-term capital gain
-----------------------------------------
$0.6200 per share total

Putnam Equity Spectrum Fund - Class M Shares (PYSMX)
---------------------------------------------------
$0.6120 per share short-term capital gain               12/28/09  12/30/09

Putnam Equity Spectrum Fund - Class R Shares (PYSRX)
---------------------------------------------------
$0.0160 per share investment income                     12/28/09  12/30/09
$0.6120 per share short-term capital gain
$0.6280 per share total

Putnam Equity Spectrum Fund - Class Y Shares (PYSYX)
---------------------------------------------------
$0.0650 per share investment income                     12/28/09  12/30/09
$0.6120 per share short-term capital gain
-----------------------------------------
$0.6770 per share total

Putnam Equity Income Fund - Class B Shares (PEQNX)
-------------------------------------------------
$0.0220 per share investment income                     12/28/09  12/30/09
$0.0320 per share extra taxable  income
---------------------------------------
$0.0540 per share total

Putnam Equity Income Fund - Class C Shares (PEQCX)
-------------------------------------------------
$0.0240 per share investment income                     12/28/09  12/30/09
$0.0320 per share extra taxable income
--------------------------------------
$0.0560 per share total

Putnam Equity Income Fund - Class M Shares (PEIMX)
-------------------------------------------------
$0.0310 per share investment income                     12/28/09  12/30/09
$0.0320 per share extra taxable income
--------------------------------------
$0.0630 per share total

Putnam Equity Income Fund - Class R Shares (PEQRX)
-------------------------------------------------
$0.0410 per share investment income                     12/28/09  12/30/09
$0.0320 per share extra taxable income
--------------------------------------
$0.0730 per share total

Putnam Equity Income Fund - Class Y Shares (PEIYX)
-------------------------------------------------
$0.0560 per share investment income                     12/28/09  12/30/09
$0.0320 per share extra taxable income
--------------------------------------
$0.0880 per share total

Putnam Global Utilities Fund - Class B Shares (PUTBX)
----------------------------------------------------
$0.0480 per share investment income                     12/28/09  12/30/09
$0.1060 per share extra taxable income
--------------------------------------
$0.1540 per share total

Putnam Global Utilities Fund - Class C Shares (a)
------------------------------------------------
$0.0490 per share investment income                     12/28/09  12/30/09
$0.1060 per share extra taxable income
--------------------------------------
$0.1550 per share total

Putnam Global Utilities Fund - Class M Shares (PUTMX)
----------------------------------------------------
$0.0560 per share investment income                     12/28/09  12/30/09
$0.1060 per share extra taxable income
--------------------------------------
$0.1620 per share total

Putnam Global Utilities Fund - Class R Shares (PULRX)
----------------------------------------------------
$0.0640 per share investment income                     12/28/09  12/30/09
$0.1060 per share extra taxable income
--------------------------------------
$0.1700 per share total

Putnam Global Utilities Fund - Class Y Shares (a)
------------------------------------------------
$0.0770 per share investment income                     12/28/09  12/30/09
$0.1060 per share extra taxable income
--------------------------------------
$0.1830 per share total

(a) Quotron symbol pending

Section 19 Disclosure

Equity Income Fund

.001 per share of this fund's dividend represents a return of capital. This is only an estimate for the current fund fiscal year based on information we have at this time. In January 2010, we will provide final information about all 2009 distributions for your tax filing. See the additional disclosure below for more details

Global Utilities Fund

.022 per share of this fund's dividend represents a return of capital. This is only an estimate for the current fund fiscal year based on information we have at this time. In January 2010, we will provide final information about all 2009 distributions for your tax filing. See the additional disclosure below for more details

Additional Disclosure

If a fund's dividend included an estimated distribution such as a return of capital or capital gain: For the purposes of this disclosure, a fund's dividend sources are determined in accordance with accounting principles, which may vary from federal tax treatment. The sources of dividends are estimated at the time of declaration. Actual results may vary. Any non-taxable return of capital cannot be determined until after the end of the fund's fiscal year. In January 2010, you will receive information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.