Putnam Announces Dividend Rates for Open-End Funds

BOSTON, MA--(Marketwired - Dec 27, 2013) - The Trustees of The Putnam Funds declare the following distributions today.

		RECORD		PAYMENT
FUND NAME AND DISTRIBUTIONS		DATE		DATE
Putnam California Tax Exempt Income Fund - Class B Shares (PCTBX)
$0.0025 per share extra taxable income		12/27/2013		12/31/2013
Putnam California Tax Exempt Income Fund - Class C Shares (PCTCX)
$0.0025 per share extra taxable income		12/27/2013		12/31/2013
Putnam California Tax Exempt Income Fund - Class M Shares (PCLMX)
$0.0025 per share extra taxable income		12/27/2013		12/31/2013
Putnam California Tax Exempt Income Fund - Class Y Shares (PCIYX)
$0.0025 per share extra taxable income		12/27/2013		12/31/2013
Putnam Massachusetts Tax Exempt Income Fund - Class B Shares (PMABX)
$0.0021 per share extra taxable income		12/27/2013		12/31/2013
$0.0036 per share short-term capital gain
$0.0298 per share long-term capital gain
$0.0355 per share total
Putnam Massachusetts Tax Exempt Income Fund - Class C Shares (PMMCX)
$0.0021 per share extra taxable income		12/27/2013		12/31/2013
$0.0036 per share short-term capital gain
$0.0298 per share long-term capital gain
$0.0355 per share total
Putnam Massachusetts Tax Exempt Income Fund - Class M Shares (PMAMX)
$0.0021 per share extra taxable income		12/27/2013		12/31/2013
$0.0036 per share short-term capital gain
$0.0298 per share long-term capital gain
$0.0355 per share total
Putnam Massachusetts Tax Exempt Income Fund - Class Y Shares (PMAYX)
$0.0021 per share extra taxable income		12/27/2013		12/31/2013
$0.0036 per share short-term capital gain
$0.0298 per share long-term capital gain
$0.0355 per share total
Putnam Minnesota Tax Exempt Income Fund - Class B Shares (PMTBX)
$0.0022 per share short-term capital gain		12/27/2013		12/31/2013
$0.0437 per share long-term capital gain
$0.0459 per share total
Putnam Minnesota Tax Exempt Income Fund - Class C Shares (PMOCX)
$0.0022 per share short-term capital gain		12/27/2013		12/31/2013
$0.0437 per share long-term capital gain
$0.0459 per share total
Putnam Minnesota Tax Exempt Income Fund - Class M Shares (PMNMX)
$0.0022 per share short-term capital gain		12/27/2013		12/31/2013
$0.0437 per share long-term capital gain
$0.0459 per share total
Putnam Minnesota Tax Exempt Income Fund - Class Y Shares (PMNYX)
$0.0022 per share short-term capital gain		12/27/2013		12/31/2013
$0.0437 per share long-term capital gain
$0.0459 per share total
Putnam New Jersey Tax Exempt Income Fund - Class B Shares (PNJBX)
$0.0004 per share extra taxable income		12/27/2013		12/31/2013
$0.0034 per share long-term capital gain
$0.0038 per share total
Putnam New Jersey Tax Exempt Income Fund - Class C Shares (PNJCX)
$0.0004 per share extra taxable income		12/27/2013		12/31/2013
$0.0034 per share long-term capital gain
$0.0038 per share total
Putnam New Jersey Tax Exempt Income Fund - Class M Shares (PNJMX)
$0.0004 per share extra taxable income		12/27/2013		12/31/2013
$0.0034 per share long-term capital gain
$0.0038 per share total
Putnam New Jersey Tax Exempt Income Fund - Class Y Shares (PNJYX)
$0.0004 per share extra taxable income		12/27/2013		12/31/2013
$0.0034 per share long-term capital gain
$0.0038 per share total
Putnam New York Tax Exempt Income Fund - Class B Shares (PEIBX)
$0.0012 per share extra taxable income		12/27/2013		12/31/2013
Putnam New York Tax Exempt Income Fund - Class C Shares (PNNCX)
$0.0012 per share extra taxable income		12/27/2013		12/31/2013
Putnam New York Tax Exempt Income Fund - Class M Shares (PNYMX)
$0.0012 per share extra taxable income		12/27/2013		12/31/2013
Putnam New York Tax Exempt Income Fund - Class Y Shares (PNYYX)
$0.0012 per share extra taxable income		12/27/2013		12/31/2013
Putnam Pennsylvania Tax Exempt Income Fund - Class B Shares (PPNBX)
$0.0001 per share extra taxable income		12/27/2013		12/31/2013
Putnam Pennsylvania Tax Exempt Income Fund - Class C Shares (PPNCX)
$0.0001 per share extra taxable income		12/27/2013		12/31/2013
Putnam Pennsylvania Tax Exempt Income Fund - Class M Shares (PPAMX)
$0.0001 per share extra taxable income		12/27/2013		12/31/2013
Putnam Pennsylvania Tax Exempt Income Fund - Class Y Shares (PPTYX)
$0.0001 per share extra taxable income		12/27/2013		12/31/2013
Putnam Short Duration Income Fund - Class B Shares (PSDBX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class C Shares (PSDLX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class M Shares (PSDGX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class R Shares (PSDRX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class Y Shares (PSDYX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class R5 Shares (PSDKX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Short Duration Income Fund - Class R6 Shares (PSDQX)
$0.0036 per share short-term capital gain		12/27/2013		12/31/2013
$0.0003 per share long-term capital gain
$0.0039 per share total
Putnam Tax Exempt Income Fund - Class B Shares (PTBEX)
$0.0009 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax Exempt Income Fund - Class C Shares (PTECX)
$0.0009 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax Exempt Income Fund - Class M Shares (PTXMX)
$0.0009 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax Exempt Income Fund - Class Y Shares (PTEYX)
$0.0009 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax-Free High Yield Fund - Class B Shares (PTHYX)
$0.0031 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax-Free High Yield Fund - Class C Shares (PTCCX)
$0.0031 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax-Free High Yield Fund - Class M Shares (PTYMX)
$0.0031 per share extra taxable income		12/27/2013		12/31/2013
Putnam Tax-Free High Yield Fund - Class Y Shares (PTFYX)
$0.0031 per share extra taxable income		12/27/2013		12/31/2013

SECTION 19 DISCLOSURE

Massachusetts Tax Exempt Income Fund

As of December 13, 2013, the fund had net realized and unrealized losses of $0.053 per share, of which $0.000 represents unrealized depreciation of portfolio securities.

Additional disclosure
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 2014, you will receive information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.

Putnam Shareholders Contact:
1-800-225-1581