Putnam Announces Dividend Rates for Closed-End Funds

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

EX

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

DATE

Putnam High Yield Municipal Trust (NYSE:PYM)
$0.0325 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Investment Grade Municipal Trust (NYSE:PGM)
$0.0409 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Managed Municipal Income Trust (NYSE:PMM)
$0.0341 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Municipal Bond Fund (NYSE:PMG)
$0.0504 per share investment income 10/22/07 10/24/07 11/01/07
Putnam Municipal Opportunities Trust (NYSE:PMO)
$0.0479 per share investment income 10/22/07 10/24/07 11/01/07

Contacts:

Putnam Investments
SHAREHOLDERS
1-800-225-1581
or
MEDIA
Kimberley Jendrick, 617-760-1595
or
Sinead Martin, 617-760-8515

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