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Putnam Announces Distribution Rates for Open End Funds

BOSTON, MA -- (Marketwire) -- 11/16/12 -- The Trustees of The Putnam Funds have declared the following distributions.


                                                       EX/RECORD  PAYMENT
                                                       ---------- ----------
FUND NAME AND DISTRIBUTIONS                            DATE       DATE
------------------------------------------------------ ---------- ----------

Putnam American Government Income Fund - Class B
 Shares (PAMBX)
$0.0080 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class C
 Shares (PAMIX)
$0.0070 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class M
 Shares (PAMMX)
$0.0110 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class R
 Shares (PAMRX)
$0.0110 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class Y
 Shares (PATYX)
$0.0150 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class R5
 Shares (PAMDX)
$0.0150 per share investment income                    11/16/2012 11/20/2012

Putnam American Government Income Fund - Class R6
 Shares (PAMEX)
$0.0160 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund-
 Class B Shares (PACBX)
$0.0070 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class C Shares (PACCX)
$0.0070 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class M Shares (PACMX)
$0.0090 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R Shares (PACRX)
$0.0110 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class Y Shares (PACYX)
$0.0150 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R5 Shares (PACDX)
$0.0150 per share investment income                    11/16/2012 11/20/2012

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R6 Shares (PCCEX)
$0.0160 per share investment income                    11/16/2012 11/20/2012

PUTNAM SHAREHOLDERS CONTACT:
1-800-225-1581


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