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The updated monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE:PMM) and Putnam Municipal Opportunities Trust (NYSE:PMO) reveal details regarding the sources of monthly distributions. For PMM, the current month distribution is $0.0320 per share, making the fiscal year-to-date total $0.0640, with 84.7% attributed to net investment income. Meanwhile, PMO's current month distribution stands at $0.1862 per share, totaling $0.5579 for the fiscal year, with 43.4% from net investment income. The notices also mention potential return of capital implications.