The Trustees of The Putnam Funds declared the following distributions.

19(a) NOTICE

Mortgage Opportunities Fund

$0.002 per share of Mortgage Opportunities Fund’s dividend represents a return of capital. This is only an estimate for the current fund fiscal year based on information we have at this time. In January 2023, we will provide final information about all 2022 distributions for your tax filing.

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 2023, you will receive information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005778/en/