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Putnam Announces Dividend Rates for Class A Open-End Funds

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The Trustees of The Putnam Funds have declared the following distributions.

RECORD

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

Putnam Retirement Income Fund Lifestyle 1- Class A Shares (PRMAX)

$0.0060 per share investment income 9/26/14 9/30/14

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