Putnam Announces Distribution Rates for Open End Funds

BOSTON, MA -- (Marketwired) -- 06/18/14 -- The Trustees of The Putnam Funds declared the following distributions.

RECORD    PAYMENT
FUND NAME AND DISTRIBUTIONS                              DATE      DATE
-------------------------------------------------------- --------- ---------

Putnam American Government Income Fund - Class B Shares
 (PAMBX)
--------------------------------------------------------
$0.0110 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class C Shares
 (PAMIX)
--------------------------------------------------------
$0.0110 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class M Shares
 (PAMMX)
--------------------------------------------------------
$0.0150 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class R Shares
 (PAMRX)
--------------------------------------------------------
$0.0150 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class Y Shares
 (PATYX)
--------------------------------------------------------
$0.0190 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class R5 Shares
 (PAMDX)
--------------------------------------------------------
$0.0190 per share investment income                      6/18/2014 6/20/2014

Putnam American Government Income Fund - Class R6 Shares
 (PAMEX)
--------------------------------------------------------
$0.0200 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class B
 Shares (PABBX)
--------------------------------------------------------
$0.0250 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class C
 Shares (AABCX)
--------------------------------------------------------
$0.0270 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class M
 Shares (PABMX)
--------------------------------------------------------
$0.0350 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class R
 Shares (PAARX)
--------------------------------------------------------
$0.0440 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class Y
 Shares (PABYX)
--------------------------------------------------------
$0.0620 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class R5
 Shares (PAADX)
--------------------------------------------------------
$0.0500 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Balanced Fund - Class R6
 Shares (PAAEX)
--------------------------------------------------------
$0.0650 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class B Shares (PACBX)
--------------------------------------------------------
$0.0070 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class C Shares (PACCX)
--------------------------------------------------------
$0.0080 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class M Shares (PACMX)
--------------------------------------------------------
$0.0100 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R Shares (PACRX)
--------------------------------------------------------
$0.0120 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class Y Shares (PACYX)
--------------------------------------------------------
$0.0180 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R5 Shares (PACDX)
--------------------------------------------------------
$0.0180 per share investment income                      6/18/2014 6/20/2014

Putnam Dynamic Asset Allocation Conservative Fund -
 Class R6 Shares (PCCEX)
--------------------------------------------------------
$0.0190 per share investment income                      6/18/2014 6/20/2014

Putnam Shareholders Contact:
1-800-225-1581