Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
PUTNAM REPORTS QUARTERLY PERFORMANCE FOR THREE CLOSED-END FUNDS
Putnam Investments today announced quarterly performance results for three closed-end funds over the three months ended 7/31/2007. Data for all three funds for the period ended July 31, 2007, reflects the repurchase in July 2007 of common shares pursuant to an issuer tender offer that commenced in June 2007.
Putnam Municipal Bond Fund (formerly Putnam Investment Grade Municipal Trust II)
The per-share net asset value (NAV) for Putnam Municipal Bond Fund (PMG) was $13.34 as of the close of business on 7/31/07. The per-share NAV for this fund was $13.64 as of 4/30/07. The share price as traded on the New York Stock Exchange (NYSE) on 7/31/07 was $12.05. The share price for this fund was $12.61 as of 4/30/07. The fund’s total return for the three months ended 7/31/07 was (1.00%), based on net asset value, and (3.27%) based on NYSE share price.
Additional quarterly data is as follows:
Three months Ended July 31,2007 | Three months Ended July 31,2006 | |||||
| Total investment income | ||||||
| Total | $ | 4,472,938 | $ | 4,657,530 | ||
| Per common share | $ | .27 | $ | .27 | ||
| Net investment income (a) | ||||||
| Total | $ | 2,325,499 | $ | 2,732,692 | ||
| Per common share | $ | .14 | $ | .16 | ||
| Net realized and unrealized gain (loss) on investments (a) | ||||||
| Total | $ | (5,542,076) | $ | 225,641 | ||
| Per common share | $ | (0.32) | $ | .02 | ||
| Net increase (decrease) in net assets resulting from operations (a) | ||||||
| Total | $ | (3,216,577) | $ | 2,958,333 | ||
| Per common share | $ | (0.18) | $ | .18 | ||
| Net assets available at the end of the period (a) | ||||||
| Total | $ | 201,453,319 | $ | 227,164,592 | ||
| Per common share | $ | 13.34 | $ | 13.44 | ||
| (a) available to common shareholders |
Putnam Managed Municipal Income Trust
The per-share net asset value (NAV) for Putnam Managed Municipal Income Trust (PMM) was $8.17 as of the close of business on 7/31/07. The per-share NAV for this fund was $8.31 as of 4/30/07. The share price as traded on the New York Stock Exchange (NYSE) on 7/31/07 was $7.77. The share price for this fund was $7.90, as of 4/30/07. The fund’s total return for the three months ended 7/31/07 was (0.39%), based on net asset value, and (0.35%) based on NYSE share price.
Additional quarterly data is as follows:
Three months Ended July 31,2007 |
Three months
Ended July 31,2006 | |||||
| Total investment income | ||||||
| Total | $ | 6,852,748 | $ | 7,054,378 | ||
| Per common share | $ | .16 | $ | .16 | ||
| Net investment income (a) | ||||||
| Total | $ | 3,926,990 | $ | 4,447,051 | ||
| Per common share | $ | .09 | $ | .10 | ||
| Net realized and unrealized gain (loss) on investments (a) | ||||||
| Total | $ | (6,239,691) | $ | 700,994 | ||
| Per common share | $ | (.15) | $ | .02 | ||
| Net increase in net assets available resulting from operations (a) | ||||||
| Total | $ | (2,312,701) | $ | 5,148,045 | ||
| Per common share | $ | (0.06) | $ | .12 | ||
| Net assets available at the end of the period (a) | ||||||
| Total | $ | 328,520,195 | $ | 371,277,827 | ||
| Per common share | $ | 8.17 | $ | 8.24 | ||
| (a) available to common shareholders |
Putnam Municipal Opportunities Trust
The per-share net asset value (NAV) for Putnam Municipal Opportunities Trust (PMO) was $12.90 as of the close of business on 7/31/07. The per-share NAV for this fund was $13.19 as of 4/30/07. The share price as traded on the New York Stock Exchange (NYSE) on 7/31/07 was $11.61. The share price for this fund was $12.20 as of 4/30/07. The fund’s total return for the three months ended 7/31/07 was (1.02%), based on net asset value, and (3.69%) based on NYSE share price.
Additional quarterly data is as follows:
Three months ended July 31,2007 | Three months ended July 31,2006 | |||||
| Total investment income | ||||||
| Total | $ | 3,851,146 | $ | 4,077,209 | ||
| Per common share | $ | .26 | $ | .26 | ||
| Net investment income (a) | ||||||
| Total | $ | 1,889,367 | $ | 2,355,814 | ||
| Per common share | $ | .12 | $ | .15 | ||
| Net realized and unrealized gain (loss) on investments (a) | ||||||
| Total | $ | (4,706,344) | $ | 409,024 | ||
| Per common share | $ | (.30) | $ | .02 | ||
| Net increase (decrease) in net assets resulting from operations (a) | ||||||
| Total | $ | (2,816,977) | $ | 2,764,838 | ||
| Per common share | $ | (.18) | $ | .17 | ||
| Net assets available at the end of the period (a) | ||||||
| Total | $ | 176,179,522 | $ | 201,510,474 | ||
| Per common share | $ | 12.90 | $ | 12.90 | ||
| (a) available to common shareholders |
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:
SHAREHOLDERS
1-800-225-1581
or
MEDIA
Sinead
Martin, 617-760-8515
