Putnam Announces 2006 Closed-End Fund Shareholder Meeting Schedule.BOSTON -- Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. announced today that the 2006 annual shareholder meetings for the 12 Putnam closed-end funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. will be held as follows:
June 2006 Shareholder Meetings
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Putnam High Income Securities Fund (PCF)
Putnam Investment Grade Municipal Trust (PGM)
Putnam Managed High Yield Trust (PTM)
Putnam Managed Municipal Income Trust (PMM)
Putnam Master Intermediate Income Trust (PIM)
Putnam Premier Income Trust (PPT)
Putnam Tax-Free Health Care Fund (PMH)
September 2006 Shareholder Meetings
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Putnam California Investment Grade Municipal Trust (PCA)
Putnam High Yield Municipal Trust (PYM)
Putnam Municipal Bond Fund (PMG)
Putnam Municipal Opportunities Trust (PMO)
Putnam New York Investment Grade Municipal Trust (PMN)
For several of the Putnam closed-end funds, the anticipated 2006 shareholder meeting dates represent an acceleration by several months from shareholder meeting dates in recent years and the dates disclosed in the 2005 proxy statements Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. . Putnam Investments and the Trustees of the funds have agreed to this accelerated schedule to provide for shareholder meetings sooner following the end of the funds' respective fiscal year-ends Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. . For some of the funds, this would allow shareholders to vote sooner on required proposals to convert the funds to open-end status that have been or might be triggered at fiscal year-end. The open-ending proposal has been triggered for 2006 for Putnam Investment Grade Municipal Trust, Putnam Master Intermediate Income Trust and Putnam Premier Income Trust. In recent years, shareholders of Putnam closed-end funds have consistently voted to defeat similar open-ending proposals by substantial margins. Putnam and the Trustees expect that the shareholder meeting schedule for 2007 will reflect further acceleration of the shareholder meetings for a number of the funds. Because the first set of 2006 shareholder meetings is significantly earlier in the year than in previous years for four funds, the deadlines for submitting shareholder proposals as stated in the 2005 proxy statements for those funds have been changed. These four funds are: Putnam Investment Grade Municipal Trust (PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition ), Putnam Managed High Yield Trust (PTM PTM Post-Translational Modifications PTM Porsche Traction Management PTM Point-To-Multipoint PTM Please Tell Me PTM Packet Transfer Mode PTM Pulse-Time Modulation PTM Portugal The Man (band) PTM Predictive Technology Model ), Putnam Managed Municipal Income Trust (PMM PMM Purchase Money Mortgage PMM Project Management Methodology PMM Perpetual Motion Machine PMM Permanent Magnet Motor PMM Professional Murder Music (band) PMM Precision Measuring Machine PMM Power Management Mode ) and Putnam Tax-Free Health Care Fund (PMH PMH abbr. past medical history ). The deadlines for the other Putnam closed-end funds remain as announced in the 2005 proxy statements. The new deadlines for submitting shareholder proposals for inclusion in the 2006 proxy statements for these four funds are as follows:
February 10, 2006
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Putnam Managed Municipal Income Trust
February 28, 2006
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Putnam Investment Grade Municipal Trust
Putnam Managed High Yield Trust
Putnam Tax-Free Health Care Fund
The most recent shareholder reports for these funds will include additional information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the submission of shareholder proposals for the 2006 shareholder meetings. The exact dates of the shareholder meeting and the applicable record dates for all 12 funds will be announced when formally approved by the Trustees of the funds, and may be earlier or later than indicated above. About Putnam Investments: Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. As of December 31, 2005, Putnam managed $189 billion assets, mutual fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. were $126 billion and institutional assets were $63 billion. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnaminvestments.com. |
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