BOSTON, MA -- (Marketwire) -- 05/24/12 -- In the news release, "Putnam Announces Distribution Rates for Open-End Funds," issued Wednesday, May 23, by Putnam Investments, we are advised by the company that the Payment Date for the first five funds should read "5/30/2012" rather than "5/25/2012" as originally issued. Complete corrected text follows.

Putnam Announces Distribution Rates for Open-End Funds

BOSTON, MA -- May 23, 2012 -- The Trustees of The Putnam Funds have declared the following distributions.

                                                     RECORD      PAYMENT
                                                     ----------- -----------
FUND NAME AND DISTRIBUTIONS                          DATE        DATE
---------------------------------------------------- ----------- -----------

Putnam Global Income Trust - Class B Shares (PGLBX)
$0.0250 per share investment income                  5/23/2012   5/30/2012

Putnam Global Income Trust - Class C Shares (PGGLX)
$0.0250 per share investment income                  5/23/2012   5/30/2012

Putnam Global Income Trust - Class M Shares (PGGMX)
$0.0300 per share investment income                  5/23/2012   5/30/2012

Putnam Global Income Trust - Class R Shares (PGBRX)
$0.0300 per share investment income                  5/23/2012   5/30/2012

Putnam Global Income Trust - Class Y Shares (PGGYX)
$0.0340 per share investment income                  5/23/2012   5/30/2012

Putnam High Yield Trust - Class B Shares (PHBBX)
$0.0350 per share investment income                  5/23/2012   5/25/2012

Putnam High Yield Trust - Class C Shares (PCHYX)
$0.0350 per share investment income                  5/23/2012   5/25/2012

Putnam High Yield Trust - Class M Shares (PHIMX)
$0.0380 per share investment income                  5/23/2012   5/25/2012

Putnam High Yield Trust - Class R Shares (PHDRX)
$0.0380 per share investment income                  5/23/2012   5/25/2012

Putnam High Yield Trust - Class Y Shares (PHYYX)
$0.0420 per share investment income                  5/23/2012   5/25/2012