PYM Putnam High Yield Mun Tr

Putnam Investments today announced quarterly performance results for 2 closed-end funds over the three months ended June 30, 2007. Putnam High Yield Municipal Trust The per-share net asset value (NAV) for Putnam High Yield Municipal Trust (PYM) was $7.84 as of the close of business on 06/30/07. The per-share NAV for this fund was $7.97, as of 03/31/07. The share price as traded on the New York Stock Exchange (NYSE) on 06/30/07 was $7.39. The share price for this fund was $7.54, as of 03/31/07. The fund�s total return for the three months ended 06/30/07 was (0.35)%, based on NAV, and (0.71)% based on NYSE share price. Additional quarterly data is as follows: � � Three months Ended June 30, 2007 � Three months Ended June 30, 2006 Total investment income Total $ 2,831,034 $ 2,886,764 Per common share $ 0.13 $ 0.13 � � � � � Net investment income (a) Total $ 1,862,466 $ 2,090,590 Per common share $ 0.09 $ 0.09 � � � � � Net realized and unrealized gain (loss) on investments (a) Total $ (2,638,365) $ (490,476) Per common share $ (0.12) $ (0.02) � � � � � Net increase (decrease) in net assets resulting from operations (a) Total $ (775,899) $ 1,600,114 Per common share $ (0.03) $ 0.07 � � � � � Net assets available at the end of the period (a) Total $ 165,646,237 $ 168,926,818 Per common share $ 7.84 $ 7.81 � (a) Available to common shareholders � � � � Putnam Master Intermediate Income Trust The per-share net asset value (NAV) for Putnam Master Intermediate Income Trust (PIM) was $7.13 as of the close of business on 06/30/07. The per-share NAV for this fund was $7.16, as of 03/31/07. The share price as traded on the New York Stock Exchange (NYSE) on 06/30/07 was $6.60. The share price for this fund was $6.56, as of 03/31/07. The fund�s total return for the three months ended 06/30/07 was 0.95%, based on NAV, and 1.99% based on NYSE share price. Additional quarterly data is as follows: � � Three months Ended June 30, 2007 � Three months Ended June 30, 2006 Total investment income Total $ 9,525,103 $ 10,280,302 Per share $ .10 $ .11 � � � � � Net investment income Total $ 8,062,368 $ 8,778,725 Per share $ .09 $ .09 � � � � � Net realized and unrealized gain on investments Total $ (2,461,092) $ (5,067,839) Per share $ (.04) $ (.06) � � � � � Net increase in net assets resulting from operations Total $ 5,601,276 $ 3,710,886 Per share $ .05 $ .03 � � � � � Net assets available at the end of the period Total $ 652,003,674 $ 663,544,342 Per share $ 7.13 $ 6.93 About Putnam Investments: Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. At the end of June 2007, Putnam had $193 billion in assets under management. Mutual fund assets were $121 billion and institutional assets were $72 billion. Putnam has offices in Boston, London, and Tokyo. For more information, go to www.putnam.com.