EX-99 2 b_19anotices2024.htm 19(A) NOTICES TO BENEFICIAL OWNERS d_19anotices2024.htm

Sources of fund distributions

19(a) Notice

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 and percentages of distributions   
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Jul.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0191  —  —  $0.0047  80.3%  0.0%  0.0%  19.7% 
  Fiscal YTD  $0.2142  $0.1620  —  —  $0.0522  75.6%  0.0%  0.0%  24.4% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0257  —  —  $0.0093  73.4%  0.0%  0.0%  26.6% 
  Fiscal YTD  $0.1050  $0.0771  —  —  $0.0279  73.4%  0.0%  0.0%  26.6% 

 

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

Data as of 6/30/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV† 
PMM (FYE 10/31)  1.48%  4.19%  21.88%  4.19% 
PMO (FYE 4/30)  1.59%  3.66%  3.32%  3.66% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-2887561-3012217 
  SU006-BW-0724 

 

 

Sources of fund distributions

19(a) Notice

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 and percentages of distributions   
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Aug.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0220  —  —  $0.0018  92.4%  0.0%  0.0%  7.6% 
  Fiscal YTD  $0.2380  $0.1840  —  —  $0.0540  77.3%  0.0%  0.0%  22.7% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0315  —  —  $0.0035  90.0%  0.0%  0.0%  10.0% 
  Fiscal YTD  $0.1400  $0.1086  —  —  $0.0314  77.6%  0.0%  0.0%  22.4% 

 

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

Data as of 7/31/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV** 
PMM (FYE 10/31)  1.64%  4.15%  23.74%  4.15% 
PMO (FYE 4/30)  1.66%  3.63%  4.63%  3.63% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-2887561-3104134 
  SU006-BW-0824 

 

 

Sources of fund distributions

19(a) Notice

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 and percentages of distributions     
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Sept.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0194  —  —  $0.0044  81.5%  0.0%  0.0%  18.5% 
  Fiscal YTD  $0.2618  $0.2034  —  —  $0.0584  77.7%  0.0%  0.0%  22.3% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0297  —  —  $0.0053  84.9%  0.0%  0.0%  15.1% 
  Fiscal YTD  $0.1750  $0.1383  —  —  $0.0367  79.0%  0.0%  0.0%  21.0% 

 

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

Data as of 8/31/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV** 
PMM (FYE 10/31)  1.28%  4.14%  24.35%  4.14% 
PMO (FYE 4/30)  1.27%  3.62%  5.21%  3.62% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-3335224-3235224 
  SU006-BW-0924 

 

 

Sources of fund distributions

19(a) Notice

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 and percentages of distributions     
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Oct.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0183  —  —  $0.0055  76.9%  0.0%  0.0%  23.1% 
  Fiscal YTD  $0.2856  $0.2217  —  —  $0.0639  77.6%  0.0%  0.0%  22.4% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0268  —  —  $0.0082  76.6%  0.0%  0.0%  23.4% 
  Fiscal YTD  $0.2100  $0.1651  —  —  $0.0449  78.6%  0.0%  0.0%  21.4% 

 

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

Data as of 9/30/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV** 
PMM (FYE 10/31)  1.79%  4.07%  26.76%  4.07% 
PMO (FYE 4/30)  1.84%  3.57%  7.07%  3.57% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-3335224-3354923 
  SU006-BW-1024 

 

 

Sources of fund distributions

19(a) Notice

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 and percentages of distributions     
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Nov.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0199  —  —  $0.0039  83.6%  0.0%  0.0%  16.4% 
  Fiscal YTD  $0.0238  $0.0199  —  —  $0.0039  83.6%  0.0%  0.0%  16.4% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0300  —  —  $0.0050  85.7%  0.0%  0.0%  14.3% 
  Fiscal YTD  $0.2450  $0.1951  —  —  $0.0499  79.6%  0.0%  0.0%  20.4% 

 

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

Data as of 10/31/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV** 
PMM (FYE 10/31)  1.27%  4.19%  23.58%  4.19% 
PMO (FYE 4/30)  1.28%  3.67%  4.21%  3.67% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-3335224-3501722 
  SU006-BW-1124 

 

 

Sources of fund distributions

19(a) Notice

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 and percentages of distributions     
        Short-  Long-      Short-  Long-   
    Per share  Net  term  term    Net  term  term   
    distribution  investment  capital  capital  Return of  investment  capital  capital  Return of 
Ticker  Time period  (Dec.)  income  gains  gains  capital  income  gains  gains  capital 
PMM  Current                   
(FYE 10/31)  month  $0.0238  $0.0187  —  —  $0.0051  78.6%  0.0%  0.0%  21.4% 
  Fiscal YTD  $0.0476  $0.0386  —  —  $0.0090  81.1%  0.0%  0.0%  18.9% 
PMO  Current                   
(FYE 4/30)  month  $0.0350  $0.0262  —  —  $0.0088  74.9%  0.0%  0.0%  25.1% 
  Fiscal YTD  $0.2800  $0.2213  —  —  $0.0587  79.0%  0.0%  0.0%  21.0% 

 

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

Data as of 11/30/24

  Annualized  Cumulative 
  5-year return  Current distribution  Fiscal YTD return  Fiscal YTD distribution 
Ticker  at NAV  rate at NAV*  at NAV  rate at NAV** 
PMM (FYE 10/31)  1.78%  4.10%  2.70%  4.10% 
PMO (FYE 4/30)  1.82%  3.58%  7.18%  3.58% 

 

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.

Please call your financial advisor with any questions.

Putnam Investments is a Franklin Templeton company.  US-PUTNAM-3708629-3608629 
  SU006-BW-1224