TELEPHONE SCRIPT FOR SOLICITING PROXIES FROM SPONSORS OF
PLANS THAT HOLD SHARES OF THE GEORGE PUTNAM FUND OF BOSTON
BUT DO NOT PASS-THROUGH VOTING OF SHARES TO PLAN
PARTICIPANTS
PUTNAM
REPRESENTATIVE: Hello, my name is (name), and I have
been asked to call you today in a
different capacity, on behalf of The
George Putnam Fund of Boston, regarding
the proxy statement recently sent to
(NAME OF COMPANY), as sponsoring
employer of the (NAME OF PLAN). Did you
receive these materials?
PLAN SPONSOR: (If the response is "yes," proceed
as indicated below. If the the response
is "no," inform them that proxy
materials will be re-sent to them and
discontinue the call).
(If the response is "no",
confirm proper mailing address and
appropriate contact for proxy
materials.)
PUTNAM
REPRESENTATIVE: As the proxy materials state, the fund
is requesting approval of several
proposals from shareholders, such as the
(NAME OF PLAN). One of the proposals
involves a new management contract,
which would increase the management fees
paid by the fund to Putnam Management
for the first time since 1988. The
management fees currently paid by the
fund are lower than those paid to many
managers of competitive funds. Based on
net assets of the fund as of this past
January 31, the proposal would result in
an increase of 20 cents in annual
expenses for each $100 invested in the
fund.
As is explained in the
proxy materials, management fees pay
Putnam Management for the services it
provides in conducting the day-to-day
investment operations of your fund.
These include
- providing the
personnel, equipment, and office
facilities needed to manage the
fund's investment portfolio,
- determining the
fund's daily net asset value,
- maintaining the
accounts and records of the fund,
- preparing
shareholder reports,
- complying with
regulatory requirements, and
- generally
administering the fund's affairs.
The proposed increase has
been approved by the fund's trustees as
being fair and reasonable and in the
best interests of the fund's
shareholders.
Do you have any questions
about the proposed increase, or the
proxy materials which I could address?
(LIMIT INFORMATION GIVEN
IN RESPONSE TO THAT CONTAINED IN THE
PROXY STATEMENT)
