The annual meetings of shareholders of each fund are expected to be held in the spring of 2014. At this time it is expected that these meetings will consider election of Trustees and, in the case of Putnam High Income Securities Fund, Putnam Master Intermediate Income Trust, and Putnam Premier Income Trust, as required by each fund’s declaration of trust, a “sunroofing” proposal relating to conversion of the fund from a closed-end structure to an open-end structure.About Putnam Investments Founded in 1937, Putnam Investments is a leading global money management firm with over 75 years of investment experience. In February, the firm was named #1 Mutual Fund Family by Lipper/ Barron’s based on the firm’s 2012 performance across asset classes. At the end of September 2013, Putnam had $145 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Beijing, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.