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Putnam Announces Dividend Rates for Class A Open-End Funds

BOSTON, MA -- (Marketwire) -- 12/26/12 -- The Trustees of The Putnam Funds have declared the following distributions.

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

Putnam California Tax Exempt Income Fund - Class A
Shares (PCTEX)
$0.0024 per share extra taxable income                12/27/2012  12/31/2012

Putnam Massachusetts Tax Exempt Income Fund - Class
A Shares (PXMAX)
$0.0094 per share extra taxable income                12/27/2012  12/31/2012
$0.0034 per share short-term capital gain
$0.0058 per share long-term capital gain
$0.0186 per share total

Putnam New Jersey Tax Exempt Income Fund - Class A
shares (PTNJX)
$0.0006 per share extra taxable income                12/27/2012  12/31/2012

Putnam New York Tax Exempt Income Fund - Class A
shares (PTEIX)
$0.0002 per share extra taxable income                12/27/2012  12/31/2012

Putnam Pennsylvania Tax Exempt Income Fund - Class A
shares (PTEPX)
$0.0007 per share extra taxable income                12/27/2012  12/31/2012

Putnam Short Duration Fund - Class A shares (PSDTX)
$0.0009 per share short-term capital gain             12/27/2012  12/31/2012

Putnam Tax Exempt Income Fund - Class A Shares
(PTAEX)
$0.0005 per share extra taxable income                12/27/2012  12/31/2012

Putnam Tax-Free High Yield Fund - Class A Shares
(PTHAX)
$0.0084 per share extra taxable income                12/27/2012  12/31/2012

Putnam Global Sector Fund - Class A Share Shares
(PPGAX)
$0.1010 per share investment income                   12/27/2012  12/28/2012
$0.4840 per share long-term capital gain
$0.5850 per share total

Putnam Retirement Ready 2015 Fund - Class A Shares
(PRRHX)
$0.3290 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2020 Fund - Class A Shares
(PRRMX)
$0.3360 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2025 Fund - Class A Shares
(PRROX)
$0.2680 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2030 Fund - Class A Shares
(PRRQX)
$0.1680 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2035 Fund - Class A Shares
(PRRWX)
$0.2070 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2040 Fund - Class A Shares
(PRRZX)
$0.3070 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2045 Fund - Class A Shares
(PRVLX)
$0.3820 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2050 Fund - Class A Shares*
$0.1670 per share investment income                   12/27/2012  12/28/2012

Putnam Retirement Ready 2055 Fund - Class A Shares*
$0.1950 per share investment income                   12/27/2012  12/28/2012
0.0450 per share long-term capital gain
$0.2400 per share total

*Quotron Symbol Pending

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617-760-8582

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