Putnam Declares Distribution Rates for Open-End Funds

The Trustees of The Putnam Funds declared the following distributions.

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

Putnam Equity Income Fund – Class B Shares (PEQNX)

$0.0560 per share investment income 12/19/08 12/30/08

Putnam Equity Income Fund – Class C Shares (PEQCX)

$0.0570 per share investment income 12/19/08 12/30/08

Putnam Equity Income Fund – Class M Shares (PEIMX)

$0.0630 per share investment income 12/19/08 12/30/08

Putnam Equity Income Fund – Class R Shares (PEQRX)

$0.0710 per share investment income 12/19/08 12/30/08

Putnam Equity Income Fund – Class Y Shares (PEIYX)

$0.0830 per share investment income 12/19/08 12/30/08

Putnam High Yield Advantage Fund - Class B Shares (PHYBX)

$0.0330 per share investment income 12/19/08 12/26/08

$0.0200 per share extra taxable income

$0.0530 per share total

Putnam High Yield Advantage Fund - Class C Shares (a)

$0.0330 per share investment income 12/19/08 12/26/08

$0.0200 per share extra taxable income

$0.0530 per share total

Putnam High Yield Advantage Fund - Class M Shares (PHYMX)

$0.0340 per share investment income 12/19/08 12/26/08

$0.0200 per share extra taxable income

$0.0540 per share total

Putnam High Yield Advantage Fund – Class R Shares (a)

$0.0340 per share investment income 12/19/08 12/26/08

$0.0200 per share extra taxable income

$0.0540 per share total

Putnam High Yield Advantage Fund - Class Y Shares (PHAYX)

$0.0360 per share investment income 12/19/08 12/26/08

$0.0200 per share extra taxable income

$0.0560 per share total

Putnam Income Fund - Class B Shares (PNCBX)

$0.0360 per share investment income 12/19/08 12/26/08

Putnam Income Fund - Class C Shares (PUICX)

$0.0360 per share investment income 12/19/08 12/26/08

Putnam Income Fund - Class M Shares (PNCMX)

$0.0380 per share investment income

12/19/08

12/26/08

Putnam Income Fund - Class R Shares (PIFRX)

$0.0380 per share investment income 12/19/08

12/19/08

12/26/08

Putnam Income Fund - Class Y Shares (PNCYX)

$0.0400 per share investment income 12/19/08

12/19/08

12/26/08

(a) Quotron symbol pending

Contacts:

Putnam Investments
SHAREHOLDERS
1-800-225-1581
or
MEDIA
Sinead Martin, 617-760-8515
or
Catherine Knight, 617-760-1229

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