Putnam Announces Dividend Rates for Open-End Funds

The Trustees of The Putnam Funds declare the following distributions today.

	RECORD	PAYMENT
FUND NAME AND DISTRIBUTIONS	DATE	DATE

The George Putnam Fund of Boston – Class B Shares (PGEBX)	11/25/09	11/30/09
$ 0.0290 per share investment income

The George Putnam Fund of Boston – Class C Shares (PGPCX)	11/25/09	11/30/09
$ 0.0300 per share investment income

The George Putnam Fund of Boston – Class M Shares (PGEMX)	11/25/09	11/30/09
$0.0370 per share investment income

The George Putnam Fund of Boston – Class R Shares (PGPRX)	11/25/09	11/30/09
$ 0.0440 per share investment income

The George Putnam Fund of Boston – Class Y Shares (PGEYX)	11/25/09	11/30/09
$ 0.0570 per share investment income

Putnam Retirement Ready Maturity Fund-Class B Shares(a)	11/25/09	11/30/09
$ 0.0040 per share investment income

Putnam Retirement Ready Maturity Fund-Class C Shares(a)	11/25/09	11/30/09
$ 0.0030 per share investment income

Putnam Retirement Ready Maturity Fund-Class M Shares(a)	11/25/09	11/30/09
$ 0.0070 per share investment income

Putnam Retirement Ready Maturity Fund-Class R Shares(a)	11/25/09	11/30/09
$ 0.0100 per share investment income

Putnam Retirement Ready Maturity Fund-Class Y Shares (PRMYX)	11/25/09	11/30/09
$ 0.0160 per share investment income

(a) Quotron Symbol pending

Note: Today is the Record Date for the extra income and the capital gain rates for the George Putnam Fund (001). However, the Excise distribution analysis indicates that this fund does not have an extra income or cap gain distribution requirement.

SECTION 19 DISCLOSURE

George Putnam Fund of Boston

.023 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.