Putnam Releases Distributions Rates

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

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

Putnam High Yield Trust - Class B Shares (PHBBX)
$0.0440 per share investment income 9/19/07 9/25/07
Putnam High Yield Trust - Class C Shares (PCHYX)
$0.0440 per share investment income 9/19/07 9/25/07
Putnam High Yield Trust - Class M Shares (PHIMX)
$0.0470 per share investment income 9/19/07 9/25/07
Putnam High Yield Trust - Class R Shares (PHDRX)
$0.0480 per share investment income 9/19/07 9/25/07
Putnam High Yield Trust - Class Y Shares (PHYYX)
$0.0510 per share investment income 9/19/07 9/25/07
Putnam High Yield Advantage Fund - Class B Shares (PHYBX)
$0.0300 per share investment income 9/19/07 9/25/07
Putnam High Yield Advantage Fund - Class C Shares(a)
$0.0310 per share investment income 9/19/07 9/25/07
Putnam High Yield Advantage Fund - Class M Shares (PHYMX)
$0.0330 per share investment income 9/19/07 9/25/07
Putnam High Yield Advantage Fund - Class R Shares(a)
$0.0330 per share investment income 9/19/07 9/25/07
Putnam High Yield Advantage Fund - Class Y Shares (PHAYX)
$0.0350 per share investment income 9/19/07 9/25/07
Putnam Income Fund - Class B Shares (PNCBX)
$0.0230 per share investment income 9/19/07 9/25/07
Putnam Income Fund - Class C Shares (PUICX)
$0.0230 per share investment income 9/19/07 9/25/07
Putnam Income Fund - Class M Shares (PNCMX)
$0.0260 per share investment income 9/19/07 9/25/07
Putnam Income Fund - Class R Shares (PIFRX)
$0.0250 per share investment income 9/19/07 9/25/07
Putnam Income Fund - Class Y Shares (PNCYX)
$0.0280 per share investment income 9/19/07 9/25/07
Putnam Income Strategies Fund - Class B Shares(a)
$0.0300 per share investment income 9/19/07 9/25/07
Putnam Income Strategies Fund - Class C Shares(a)
$0.0310 per share investment income 9/19/07 9/25/07
Putnam Income Strategies Fund - Class M Shares(a)
$0.0330 per share investment income 9/19/07 9/25/07
Putnam Income Strategies Fund - Class R Shares(a)
$0.0360 per share investment income 9/19/07 9/25/07
Putnam Income Strategies Fund - Class Y Shares(a)
$0.0390 per share investment income 9/19/07 9/25/07
(a) Quotron symbol pending

Contacts:

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

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