SOURCE: Putnam Investments

Putnam Investments

June 16, 2011 17:05 ET

Putnam Investments Announces Voting Results of Annual Meeting of Shareholders of Putnam Municipal Opportunities Trust

BOSTON, MA--(Marketwire - Jun 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.

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

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