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Putnam Announces Dividend Rates for Open-End Fund

BOSTON, MA -- (Marketwire) -- 11/27/12 -- The Trustees of The Putnam Funds have declared the following distribution.

                                                           RECORD   PAYMENT
                                                           -------- --------
FUND NAME AND DISTRIBUTIONS                                DATE     DATE
---------------------------------------------------------- -------- --------

Putnam Retirement Income Lifestyle 1 Fund - Class A Shares
(PRMAX)
----------------------------------------------------------
$0.0050 per share investment income                        10/26/12 10/30/12

Putnam Shareholders Contact
1-800-225-1581

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