Putnam Investments today announced quarterly performance results for the Putnam Investment Grade Municipal Trust, a closed-end fund, over the three months ended August 31, 2007.
Putnam Investment Grade Municipal Trust
The per-share net asset value (NAV) for Putnam Investment Grade Municipal Trust (PGM) was $10.51 as of the close of business on August 31, 2007. The per-share NAV for this fund was $10.83, as of May 31, 2007. The share price as traded on the New York Stock Exchange (NYSE) on August 31, 2007 was $9.60. The share price for this fund was $10.06, as of May 31, 2007. The fund’s total return for the three months ended August 31, 2007 was (-1.74%), based on net asset value, and (-3.38%) based on NYSE share price.
Additional quarterly data is as follows:
Three months ended August 31, 2007 | Three months ended August 31, 2006 | ||||
| Total investment income | |||||
| Total | $ | 4,224,570 | $ | 4,511,060 | |
| Per share(a) | $ | .22 | $ | .22 | |
| Net investment income | |||||
| Total | $ | 2,088,496 | $ | 2,558,100 | |
| Per share(a) | $ | .11 | $ | .12 | |
| Net realized and unrealized gain (loss) on investments | |||||
| Total | $ | (6,464,395) | $ | 3,810,381 | |
| Per share(a) | $ | (.33) | $ | .18 | |
| Net increase (decrease) in net assets resulting from operations | |||||
| Total | $ | (4,375,899) | $ | 6,368,481 | |
| Per share(a) | $ | (.22) | $ | .30 | |
| Net assets available at the end of the period | |||||
| Total | $ | 191,176,054 | $ | 225,210,562 | |
| Per share(a) | $ | 10.51 | $ | 10.94 | |
| (a) per common share |
Data for the fund for the period ended August 31, 2007 reflects the repurchase in July 2007 of approximately 10% of the fund’s outstanding common shares pursuant to an issuer tender offer that commenced in June 2007.
About Putnam: Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. As of September 30, 2007 Putnam managed $191 billion in assets, of which $117 billion is for mutual fund investors and $74 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
