Putnam Investments Announces 19(a) Notices For Closed-End Municipal Funds

Rhea-AI Summary

Putnam Investments announced the 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO). The notices provide details on the sources of the funds' monthly distributions. The estimated sources and percentages of distributions are listed for both funds. The PR also includes information on distributions, total return performance, and tax reporting.

BOSTON--(BUSINESS WIRE)-- The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds’ monthly distributions and follow the most recent distribution announcement.

The table below provides an estimate of the sources of the Fund’s current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.

					Estimated sources & percentages of distributions
Ticker	Time period	Per share distribution (May)			Net investment income			Short-term capital gains			Long-term capital gains			Return of capital				Net investment income	Short-term capital gains	Long-term capital gains	Return of capital
PMM (FYE 10/31)	Current month	$	0.0238		$	0.0181		$	-		$	-		$	0.0057			76.1%	0.0%	0.0%	23.9%
	Fiscal YTD	$	0.1666		$	0.1257		$	-		$	-		$	0.0409			75.5%	0.0%	0.0%	24.5%
PMO (FYE 4/30)	Current month	$	0.0350		$	0.0260		$	-		$	-		$	0.0090			74.3%	0.0%	0.0%	25.7%
	Fiscal YTD	$	0.0350		$	0.0260		$	-		$	-		$	0.0090			74.3%	0.0%	0.0%	25.7%

The table below provides information regarding distributions and total return performance for various periods.

Data as of 4/30/2024
		Annualized				Cumulative
		5-year		Current		Fiscal		Fiscal YTD
		return		distribution		YTD		distribution
Ticker		at NAV		rate at NAV*		return at NAV		rate at NAV**
PMM (FYE 10/31)		1.22%		4.33%		17.11%		4.33%
PMO (FYE 4/30)		1.48%		3.76%		3.90%		3.76%
Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes.
*Most recent distribution annualized and divided by NAV at the end of the period.
**Total fiscal period distributions annualized and divided by NAV at the end of the period.

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-Div for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The funds periodically provide fund-related information on their websites. The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8^th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240508240258/en/

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581

Source: Putnam Investments

FAQ

What are the funds mentioned in the press release?

The funds mentioned in the press release are Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO).

Where can I find the monthly holdings information for the funds?

The monthly holdings information for the funds can be found at putnam.com, with full holdings available monthly starting on the 8th business day after the end of each month.

What is the contact number for Putnam shareholders?

Putnam shareholders can contact the company at 1-800-225-1581.

What does the 19(a) notice provide information on?

The 19(a) notice provides details on the sources of the funds' monthly distributions.

When will the Form 1099-Div be sent to shareholders?

The Form 1099-Div will be sent to shareholders for the calendar year, detailing how to report distributions for federal income tax purposes.

What is the distribution policy for the funds?

The distribution policy for the funds includes information on the estimated sources and percentages of distributions.

What is the total return performance for the funds?

The total return performance for the funds includes annualized cumulative 5-year return rates and fiscal year-to-date distribution rates.