Putnam Announces Dividend Rates for Closed-End Funds

The Trustees of The Putnam Funds declared the following distributions at a meeting held today.

EX DATE

RECORD DATE

PAYMENT DATE

FUND NAME AND DISTRIBUTIONS

Putnam High Income Securities Fund (NYSE: PCF)
$0.0459 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Master Intermediate Income Trust (NYSE:PIM)
$0.0300 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Premier Income Trust (NYSE: PPT)
$0.0300 per share investment income 10/22/07 10/24/07 11/01/07

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
or
Kimberley Jendrick, 617-760-1595

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