Putnam Reports Quarterly Performance for 2 Closed-End Funds

  
    
  
  
    
      Putnam Investments today announced quarterly performance results for 2 
      closed-end funds over the three months ended June 30, 2007.
    
    
      Putnam High Yield Municipal Trust
    
    
      The per-share net asset value (NAV) for Putnam High Yield Municipal 
      Trust (PYM) was $7.84 as of the close of business on 06/30/07. The 
      per-share NAV for this fund was $7.97, as of 03/31/07. The share price 
      as traded on the New York Stock Exchange (NYSE) on 06/30/07 was $7.39. 
      The share price for this fund was $7.54, as of 03/31/07. The fund’s 
      total return for the three months ended 06/30/07 was (0.35)%, based on 
      NAV, and (0.71)% based on NYSE share price.
    
    
      Additional quarterly data is as follows:
    
    
      
        
           
        
        
           
        
        
          
            Three months 
          
          
            Ended 
          
          
            June 30, 2007
          
        
        
        
        
           
        
        
          
            Three months 
          
          
            Ended 
          
          
            June 30, 2006
          
        
      
      
        
          Total investment income
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          2,831,034
        
        
        
        
          $
        
        
          2,886,764
        
      
      
        
          Per common share
        
        
          $
        
        
          0.13
        
        
        
        
          $
        
        
          0.13
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          
            Net investment income (a)
          
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          1,862,466
        
        
        
        
          $
        
        
          2,090,590
        
      
      
        
          Per common share
        
        
          $
        
        
          0.09
        
        
        
        
          $
        
        
          0.09
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          
            Net realized and unrealized gain (loss) on investments (a)
          
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          (2,638,365)
        
        
        
        
          $
        
        
          (490,476)
        
      
      
        
          Per common share
        
        
          $
        
        
          (0.12)
        
        
        
        
          $
        
        
          (0.02)
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          
            Net increase (decrease) in net assets resulting from operations (a)
          
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          (775,899)
        
        
        
        
          $
        
        
          1,600,114
        
      
      
        
          Per common share
        
        
          $
        
        
          (0.03)
        
        
        
        
          $
        
        
          0.07
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          
            Net assets available at the end of the period (a)
          
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          165,646,237
        
        
        
        
          $
        
        
          168,926,818
        
      
      
        
          Per common share
        
        
          $
        
        
          7.84
        
        
        
        
          $
        
        
          7.81
        
      
      
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            (a) Available to common shareholders
          
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
    
    
      Putnam Master Intermediate Income Trust
    
    
      The per-share net asset value (NAV) for Putnam Master Intermediate 
      Income Trust (PIM) was $7.13 as of the close of business on 06/30/07. 
      The per-share NAV for this fund was $7.16, as of 03/31/07. The share 
      price as traded on the New York Stock Exchange (NYSE) on 06/30/07 was 
      $6.60. The share price for this fund was $6.56, as of 03/31/07. The fund’s 
      total return for the three months ended 06/30/07 was 0.95%, based on 
      NAV, and 1.99% based on NYSE share price.
    
    
      Additional quarterly data is as follows:
    
    
      
        
           
        
        
           
        
        
          
            Three months 
          
          
            Ended 
          
          
            June 30, 2007
          
        
        
        
        
           
        
        
          
            Three months 
          
          
            Ended 
          
          
            June 30, 2006
          
        
      
      
        
          Total investment income
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          9,525,103
        
        
        
        
          $
        
        
          10,280,302
        
      
      
        
          Per share
        
        
          $
        
        
          .10
        
        
        
        
          $
        
        
          .11
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          Net investment income
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          8,062,368
        
        
        
        
          $
        
        
          8,778,725
        
      
      
        
          Per share
        
        
          $
        
        
          .09
        
        
        
        
          $
        
        
          .09
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          Net realized and unrealized gain on investments
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          (2,461,092)
        
        
        
        
          $
        
        
          (5,067,839)
        
      
      
        
          Per share
        
        
          $
        
        
          (.04)
        
        
        
        
          $
        
        
          (.06)
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          Net increase in net assets resulting from operations
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          5,601,276
        
        
        
        
          $
        
        
          3,710,886
        
      
      
        
          Per share
        
        
          $
        
        
          .05
        
        
        
        
          $
        
        
          .03
        
      
      
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
      
      
        
          Net assets available at the end of the period
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total
        
        
          $
        
        
          652,003,674
        
        
        
        
          $
        
        
          663,544,342
        
      
      
        
          Per share
        
        
          $
        
        
          7.13
        
        
        
        
          $
        
        
          6.93
        
      
    
    
      About Putnam Investments:
    
    
      Founded in 1937, Putnam Investments is one of the nation's oldest and 
      largest money management firms. At the end of June 2007, Putnam had $193 
      billion in assets under management. Mutual fund assets were $121 billion 
      and institutional assets were $72 billion. Putnam has offices in Boston, 
      London, and Tokyo. For more information, go to www.putnam.com.