Putnam Announces Dividend Rates for Class A 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 2– Class A Shares (PRYAX)
$0.0120 per share investment income	2/23/17	2/27/17
$0.1230 per share short term capital gain
$0.0840 per share long term capital gain
$0.2190 per share total
Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX)
$0.0880 per share investment income	2/23/17	2/27/17

NOTE: These are the final taxable income and capital gain distributions for Putnam Retirement Income Fund Lifestyle 2 and Putnam Retirement Income Fund Lifestyle 3 Funds prior to their liquidation on 2/27/17.