Putnam Announces Dividend Rates for Open-End Funds

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

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

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

$0.0310 per share investment income 10/16/07 10/22/07
Putnam Asset Allocation: Conservative Portfolio - Class A Shares (PACAX)
$0.0250 per share investment income 10/16/07 10/22/07
Putnam Diversified Income Trust - Class A Shares (PDINX)
$0.0450 per share investment income 10/16/07 10/22/07
Putnam Global Income Trust - Class A Shares (PGGIX)
$0.0410 per share investment income 10/24/07 10/30/07
Putnam High Yield Trust - Class A Shares (PHIGX)
$0.0490 per share investment income 10/19/07 10/25/07
Putnam High Yield Advantage Fund - Class A Shares (PHYIX)
$0.0350 per share investment income 10/19/07 10/25/07
Putnam Income Fund - Class A Shares (PINCX)
$0.0270 per share investment income 10/19/07 10/25/07
Putnam Income Strategies Fund - Class A Shares (a)
$0.0370 per share investment income 10/19/07 10/25/07
Putnam U.S. Government Income Trust - Class A Shares (PGSIX)
$0.0470 per share investment income 10/16/07 10/22/07

(a) Quotron symbol pending

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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