Putnam Declares Distributions for Open-End Funds

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Tue May 20, 2008 1:22pm EDT

BOSTON--(Business Wire)--
The Trustees of The Putnam Funds declared the following
distributions at a meeting held on May 8, 2008.

-0-
*T
                                                       RECORD  PAYMENT
                                                       ------- -------
FUND NAME AND DISTRIBUTIONS                            DATE    DATE
------------------------------------------------------ ------- -------

Putnam High Yield Advantage Fund - Class B Shares
 (PHYBX)
------------------------------------------------------
$0.0310 per share investment income                    5/20/08 5/27/08

Putnam High Yield Advantage Fund - Class C Shares(a)
------------------------------------------------------
$0.0310 per share investment income                    5/20/08 5/27/08

Putnam High Yield Advantage Fund - Class M Shares
 (PHYMX)
------------------------------------------------------
$0.0340 per share investment income                    5/20/08 5/27/08

Putnam High Yield Advantage Fund - Class R Shares(a)
------------------------------------------------------
$0.0340 per share investment income                    5/20/08 5/27/08

Putnam High Yield Advantage Fund - Class Y Shares
 (PHAYX)
------------------------------------------------------
$0.0360 per share investment income                    5/20/08 5/27/08

Putnam Income Fund - Class B Shares (PNCBX)
------------------------------------------------------
$0.0350 per share investment income                    5/20/08 5/27/08

Putnam Income Fund - Class C Shares (PUICX)
------------------------------------------------------
$0.0350 per share investment income                    5/20/08 5/27/08

Putnam Income Fund - Class M Shares (PNCMX)
------------------------------------------------------
$0.0380 per share investment income                    5/20/08 5/27/08

Putnam Income Fund - Class R Shares (PIFRX)
------------------------------------------------------
$0.0380 per share investment income                    5/20/08 5/27/08

Putnam Income Fund - Class Y Shares (PNCYX)
------------------------------------------------------
$0.0400 per share investment income                    5/20/08 5/27/08


(a) Quotron symbol pending
*T

Putnam Investments
SHAREHOLDERS
1-800-225-1581
or
MEDIA
Nancy Fisher, 617-760-1608
or
Dawn Freeman, 617-760-1744

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