Message #11 From:
NewsBot Date: September 29, 2006 02:05:00 PM
PYM News Putnam Reports Quarterly Performance for 3 Closed-End Funds
BOSTON--(BUSINESS WIRE)--Putnam Investments today announced quarterly performance results for 3
closed-end funds over the three months ended August 31, 2006.
Putnam Investment Grade Municipal Trust
The per-share net asset value (NAV) for Putnam Investment Grade
Municipal Trust (PGM) was $10.94 as of the close of business on August 31,
2006. The per-share NAV for this fund was $10.74, as of May 31, 2006.
The share price as traded on the New York Stock Exchange (NYSE) on
August 31, 2006 was $9.62. The share price for this fund was $9.36, as
of May 31, 2006. The fund's total return for the three months ended August
31, 2006 was 3.18%, based on net asset value, and 4.11% based on NYSE
share price.
Additional quarterly data is as follows:
Three months
ended
August 31, 2006
Three months
ended
August 31, 2005
Total investment income
Total
$
4,511,060
$
4,482,083
Per share(a)
$
.22
$
.21
Net investment income
Total
$
2,558,100
$
2,815,333
Per share(a)
$
.12
$
.13
Net realized and unrealized gain on
investments
Total
$
3,810,381
$
1,184,566
Per share(a)
$
.18
$
.06
Net increase in net assets resulting
from operations
Total
$
6,368,481
$
3,999,899
Per share(a)
$
.30
$
.19
Net assets available at the end of the
period
Total
$
225,210,562
$
237,924,360
Per share(a)
$
10.94
$
11.10
(a) per common share
Putnam Managed High Yield Trust
The per-share net asset value (NAV) for Putnam Managed High Yield Trust
(PTM) was $9.10 as of the close of business on August 31, 2006. The
per-share NAV for this fund was $9.10, as of May 31, 2006. The share
price as traded on the New York Stock Exchange (NYSE) on August 31, 2006
was $8.87. The share price for this fund was $8.78, as of May 31, 2006.
The fund's total return for the three months ended August 31, 2006 was
1.66%, based on net asset value, and 2.70% based on NYSE share price. As
previously announced, shareholders of the fund have approved a merger of
the fund into Putnam High Yield Trust, an open-end investment company
also managed by Putnam Investment Management, LLC.
Additional quarterly data is as follows:
Three months ended
August 31, 2006
Three months
ended
August 31, 2005
Total investment income
Total
$
1,375,993
$
1,395,640
Per share(a)
$
.19
$
.19
Net investment income
Total
$
1,083,704
$
1,198,868
Per share(a)
$
.15
$
.16
Net realized and unrealized gain on
investments
Total
$
29,002
$
1,294,100
Per share(a)
$
--(b)
$
.17
Net increase in net assets resulting
from operations
Total
$
1,112,706
$
2,492,968
Per share(a)
$
.15
$
.33
Net assets available at the end of the
period
Total
$
67,063,344
$
69,269,056
Per share(a)
$
9.10
$
9.23
(a) per common share
(b) Amount represents less than $0.01
per share.
Putnam Tax-Free Health Care Fund
The per-share net asset value (NAV) for Putnam Tax-Free Health Care Fund
(PMH) was $14.22 as of the close of business on August 31, 2006. The
per-share NAV for this fund was $14.06, as of May 31, 2006. The share
price as traded on the New York Stock Exchange (NYSE) on August 31, 2006
was $12.29. The share price for this fund was $12.06, as of May 31,
2006. The fund's total return for the three months ended August 31, 2006
was 2.25%, based on net asset value, and 3.03% based on NYSE share price.
Additional quarterly data is as follows:
Three months
ended
August 31, 2006
Three months
ended
August 31, 2005
Total investment income
Total
$
2,303,112
$
2,281,597
Per share(a)
$
.17
$
.17
Net investment income
Total
$
1,943,693
$
1,879,561
Per share(a)
$
.14
$
.13
Net realized and unrealized gain on
investments
Total
$
2,003,405
$
806,867
Per share(a)
$
.14
$
.06
Net increase in net assets resulting
from operations
Total
$
3,947,098
$
2,686,428
Per share(a)
$
.28
$
.19
Net assets available at the end of the
period
Total
$
192,029,961
$
196,226,127
Per share(a)
$
14.22
$
14.21
(a) per common share
Data for each fund, other than Putnam Managed High Yield Trust, for the
period ended August 31, 2006 reflects the repurchase of common shares
pursuant to a repurchase program that commenced in October 2005.
About Putnam
Founded in 1937, Putnam Investments is one of the nation's oldest and
largest money management firms. As of August 31, 2006, Putnam managed
$181 billion in assets, of which $117 billion is for mutual fund
investors and $64 billion is for institutional accounts. Putnam has
offices in Boston, London and Tokyo. For more information, go to www.putnam.com
