Putnam Announces Dividend Rates for Class A Open-End Funds

BOSTON–(BUSINESS WIRE)–The Trustees of The Putnam Funds have announced Section 19 Disclosures
have been added to the following distributions declared on the April 12,
2019 press release.

SECTION 19 DISCLOSURE

Diversified Income Trust
$0.001 per share of Diversified
Income Trust’s dividend represents a return of capital. This is only an
estimate for the current fund fiscal year based on information we have
at this time. In January 2020, we will provide final information about
all 2019 distributions for your tax filing.

Fixed Income Absolute Return Fund
$0.004 per share of Fixed
Income Absolute Return Fund’s dividend represents a return of capital.
This is only an estimate for the current fund fiscal year based on
information we have at this time. In January 2020, we will provide final
information about all 2019 distributions for your tax filing.

Additional disclosure that will appear on the back of the open-end
funds confirm and last page of quarterly statements:

If a fund’s dividend included an estimated distribution such as a return
of capital or capital gain: For the purposes of this disclosure, a
fund’s dividend sources are determined in accordance with accounting
principles, which may vary from federal tax treatment. The sources of
dividends are estimated at the time of declaration. Actual results may
vary. Any non-taxable return of capital cannot be determined until after
the end of the fund’s fiscal year. In January 2020, you will receive
information as to the federal tax status of this and other distributions
from the fund in the preceding calendar year.

Contacts

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581