BOSTON, MA--(Marketwire - Aug 28, 2012) - The Trustees of The Putnam Funds have declared the following distributions.

SECTION 19 DISCLOSURE

Retirement Income Fund Lifestyle 2
.001 per share of Retirement Income Fund Lifestyle 2's dividend represents a short-term capital gain. This is only an estimate for the current fund fiscal year based on information we have at this time. In January 2013, we will provide final information about all 2012 distributions for your tax filing. See additional disclosure below for more details.

Additional disclosure
If a fund's dividend included an estimated distribution such as a return of capital or capital gain: For the purposes of this disclosure, a fund's dividend sources are determined in accordance with accounting principles, which may vary from federal tax treatment. The sources of dividends are estimated at the time of declaration. Actual results may vary. Any non-taxable return of capital cannot be determined until after the end of the fund's fiscal year. In January 2013, you will receive information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.