In light of public health concerns regarding the coronavirus pandemic and to support the well-being of our shareholders and communities, Putnam Investments announced today that the Annual Meeting of Shareholders (the "Meeting") for each of the Putnam closed-end funds listed below (each, a "Fund") will be conducted solely by means of remote communication at its previously appointed time of Friday, April 24, 2020 at 11:00 a.m. ET. Shareholders will not be able to attend their Fund’s Meeting in person.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Putnam Managed Muni Income Trust Inc. New York, January 27, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Putnam Managed Muni Income Trust Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE:PMM) and Putnam Municipal Opportunities Trust (NYSE:PMO) are now available. These informational notices provide further details on the sources of the funds’ monthly distributions and follows the most recent distribution announcement.