Putnam Announces Dividend Rates for Open-End Funds

BOSTON, MA--(Marketwired - Mar 26, 2014) -  The Trustees of The Putnam Funds declare the following distributions today.

		RECORD		PAYMENT
FUND NAME AND DISTRIBUTIONS		DATE		DATE
Putnam Convertible Securities Fund- Class B Share (PCNBX)
$0.0970 per share investment income		3/26/2014		3/28/2014
Putnam Convertible Securities Fund - Class C Share (PRCCX)
$0.0990 per share investment income		3/26/2014		3/28/2014
Putnam Convertible Securities Fund - Class M Share (PCNMX)
$0.1120 per share investment income		3/26/2014		3/28/2014
Putnam Convertible Securities Fund - Class R Share (PCVRX)
$0.1280 per share investment income		3/26/2014		3/28/2014
Putnam Convertible Securities Fund - Class Y Share (PCGYX)
$0.1570 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class B Shares (PEQNX)
$0.0420 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class C Shares (PEQCX)
$0.0440 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class M Shares (PEIMX)
$0.0550 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class R Shares (PEQRX)
$0.0680 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class Y Shares (PEIYX)
$0.0930 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class R5 Shares (PEQLX)
$0.0990 per share investment income		3/26/2014		3/28/2014
Putnam Equity Income Fund - Class R6 Shares (PEQSX)
$0.1030 per share investment income		3/26/2014		3/28/2014
Putnam Global Utilities Fund - Class B Shares (PUTBX)
$0.0450 per share investment income		3/26/2014		3/28/2014
Putnam Global Utilities Fund - Class C Shares (PUTCX)
$0.0460 per share investment income		3/26/2014		3/28/2014
Putnam Global Utilities Fund - Class M Shares (PUTMX)
$0.0520 per share investment income		3/26/2014		3/28/2014
Putnam Global Utilities Fund - Class R Shares (PULRX)
$0.0600 per share investment income		3/26/2014		3/28/2014
Putnam Global Utilities Fund - Class Y Shares (PUTYX)
$0.0740 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Lifestyle 1 - Class M Shares (PRMMX)
$0.0030 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Lifestyle 1 - Class R Shares (PRMKX)
$0.0030 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Lifestyle 1 - Class Y Shares (PRMYX)
$0.0090 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 2 - Class M Shares (PRLMX)
$0.0020 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 2 - Class R Shares (PRLRX)
$0.0020 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 2 - Class Y Shares (PRLYX)
$0.0060 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 3 - Class B Shares (PBIOX)
$0.0110 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 3 - Class C Shares (PCIOX)
$0.0110 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 3 - Class M Shares (PMIOX)
$0.0150 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 3 - Class R Shares (PRIOX)
$0.0150 per share investment income		3/26/2014		3/28/2014
Putnam Retirement Income Fund Lifestyle 3 - Class Y Shares (PIIYX)
$0.0190 per share investment income		3/26/2014		3/28/2014

SECTION 19 DISCLOSURE

Putnam Global Utilities Fund
$0.001 per share of Putnam Global Utilities 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 2015, we will provide final information about all 2014 distributions for your tax filing. See the additional disclosure below for more details.

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 2015, 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