Putnam Announces Dividend Rates For Open-End Funds

The Trustees of The Putnam Funds declared the following distributions at a meeting held September 6, 2007.

FUND NAME AND DISTRIBUTIONS

RECORD
DATE

PAYMENT
DATE

Putnam American Government Income Fund - Class A Shares (PAGVX)

$0.0310 per share investment income 9/14/07 9/20/07

Putnam Asset Allocation: Conservative Portfolio - Class A Shares (PACAX)

$0.0250 per share investment income 9/14/07 9/20/07

Putnam Asset Allocation: Balanced Portfolio - Class A Shares (PABAX)

$0.0560 per share investment income 9/14/07 9/20/07

Putnam Convertible Income-Growth Trust - Class A Shares (PCONX)

$0.1320 per share investment income 9/24/07 9/28/07

Putnam Diversified Income Trust - Class A Shares (PDINX)

$0.0450 per share investment income 9/14/07 9/20/07

Putnam Equity Income Fund - Class A Shares (PEYAX)

$0.0760 per share investment income 9/24/07 9/28/07

Putnam Fund for Growth and Income - Class A Shares (PGRWX)

$0.0500 per share investment income 9/11/07 9/17/07

Putnam Global Income Trust - Class A Shares (PGGIX)

$0.0410 per share investment income 9/24/07 9/28/07

Putnam High Yield Trust - Class A Shares (PHIGX)

$0.0490 per share investment income 9/19/07 9/25/07

Putnam High Yield Advantage Fund - Class A Shares (PHYIX)

$0.0340 per share investment income 9/19/07 9/25/07

Putnam Income Fund - Class A Shares (PINCX)

$0.0270 per share investment income 9/19/07 9/25/07

Putnam Income Strategies Fund - Class A Shares (a)

$0.0370 per share investment income 9/19/07 9/25/07

Putnam U.S. Government Income Trust - Class A Shares (PGSIX)

$0.0470 per share investment income 9/14/07 9/20/07

Putnam Utilities Growth & Income Fund - Class A Shares (PUGIX)

$0.0520 per share investment income 9/24/07 9/28/07

(a) Quotron symbol pending

About Putnam

Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. As of July 31, 2007, Putnam managed $187 billion in assets, of which $116 billion is for mutual fund investors and $71 billion is for institutional accounts. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnam.com

Contacts:

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

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