Putnam Releases Distributions Rates

The Trustees of The Putnam Funds declared the following distributions at a meeting held on July 12, 2007.

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

Putnam High Yield Trust - Class B Shares (PHBBX)
$0.0430 per share investment income 7/24/07 7/27/07
Putnam High Yield Trust - Class C Shares (PCHYX)
$0.0430 per share investment income 7/24/07 7/27/07
Putnam High Yield Trust - Class M Shares (PHIMX)
$0.0470 per share investment income 7/24/07 7/27/07
Putnam High Yield Trust - Class R Shares (PHDRX)
$0.0470 per share investment income 7/24/07 7/27/07
Putnam High Yield Trust - Class Y Shares (PHYYX)
$0.0510 per share investment income 7/24/07 7/27/07
Putnam High Yield Advantage Fund - Class B Shares (PHYBX)
$0.0290 per share investment income 7/24/07 7/27/07

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

$0.0320 per share investment income 7/24/07 7/27/07
Putnam High Yield Advantage Fund - Class M Shares (PHYMX)
$0.0320 per share investment income 7/24/07 7/27/07

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

$0.0330 per share investment income 7/24/07 7/27/07
Putnam High Yield Advantage Fund - Class Y Shares (PHAYX)
$0.0360 per share investment income 7/24/07 7/27/07
Putnam Income Fund - Class B Shares (PNCBX)
$0.0220 per share investment income 7/24/07 7/27/07
Putnam Income Fund - Class C Shares (PUICX)
$0.0220 per share investment income 7/24/07 7/27/07
Putnam Income Fund - Class M Shares (PNCMX)
$0.0250 per share investment income 7/24/07 7/27/07
Putnam Income Fund - Class R Shares (PIFRX)
$0.0250 per share investment income 7/24/07 7/27/07
Putnam Income Fund - Class Y Shares (PNCYX)
$0.0290 per share investment income 7/24/07 7/27/07

Putnam Income Strategies Fund - Class B Shares (a)

$0.0290 per share investment income 7/24/07 7/27/07

Putnam Income Strategies Fund - Class C Shares (a)

$0.0290 per share investment income 7/24/07 7/27/07

Putnam Income Strategies Fund - Class M Shares (a)

$0.0320 per share investment income 7/24/07 7/27/07

Putnam Income Strategies Fund - Class R Shares (a)

$0.0340 per share investment income 7/24/07 7/27/07

Putnam Income Strategies Fund - Class Y Shares (a)

$0.0400 per share investment income 7/24/07 7/27/07

(a) Quotron symbol pending

Contacts:

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

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