Putnam Reports Quarterly Performance for 1 Closed-End Fund.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- 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. today announced quarterly performance results for 1 closed-end fund 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. over the three months ended 5/31/06. Putnam High Income Securities Fund The per-share net asset value (NAV See navigation system and navigation bar. ) for Putnam High Income Securities Fund (PCF PCF - A simply typed, functional language. ["Fully Abstract Translations Between Functional Languages", J. Riecke, 18th POPL, pp. 245-254 (1991)]. ["LCF Considered as a Programming Language", Theor CS 5:223, 1977]. ) was $8.72 as of the close of business on 5/31/06. The per-share NAV for this fund was $8.73 as of 2/28/06. The share price as traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) on 5/31/06 was $7.66. The share price for this fund as traded on the NYSE was $7.86 as of 2/28/06. The fund's total return for the three months ended 5/31/06 was 1.61% based on net asset value and -0.87% based on NYSE share price. Additional quarterly data is as follows:
Three months Three months
ended Ended
May 31, 2006 May 31, 2005
-------------------------------------------------------- -------------
Total investment income
Total $ 3,551,461 $ 3,364,545
Per common share $ .16 $ .15
-------------------------------------------------------- -------------
Net investment income
Total $ 3,042,764 $ 2,871,025
Per common share $ .14 $ .13
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Net realized and unrealized loss on
investments
Total $ (405,971) $ (8,583,131)
Per common share $ (.03) $ (.38)
-------------------------------------------------------- -------------
Net increase (decrease) in net assets
resulting from operations
Total $ 2,636,793 $ (5,712,106)
Per common share $ .11 $ (.25)
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Net assets available at the end of the
period
Total $191,482,364 $189,366,332
Per common share $ 8.72 $ 8.41
Data for the fund for the period ended May 31, 2006 reflects the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of common shares pursuant to a repurchase program that commenced in October 2005. About Putnam Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. As of June 30, 2006, Putnam managed $180 billion in assets, of which $119 billion is for mutual fund investors and $61 billion is for institutional accounts. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnam.com. |
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