/ CORRECTION – Putnam Announces Distribution Rates for Open End Funds

BOSTON, MA — (Marketwire) — 12/16/11 — In the news release, “Putnam Announces Distribution Rates for Open End Funds,” issued earlier today by Putnam Investments, we are advised by the company that in the section with the heading “Putnam Dynamic Asset Allocation Equity Fund – Class Y Shares (a),” the phrase “long-term disability” should read “long-term capital gain.” The corrected section follows.

BOSTON, MA — December 16, 2011 — The Trustees of The Putnam Funds declared the following distributions.

1-800-225-1581

Jennifer Santos
617-760-8582

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