Putnam Announces Dividend Rates for Open-End Funds

BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following distributions.

FUND NAME AND DISTRIBUTIONS	RECORD DATE	PAYMENT DATE
Putnam Retirement Income Fund Lifestyle 1– Class A Shares (PRMAX)
$0.0040 per share investment income	9/28/16	9/30/16