Vote-By-Phone Solicitation Script for
Putnam Income Fund
This script provides information to the shareholder and
solicits their vote by phone, to be confirmed by written
confirmation.
Good Morning/ Afternoon/ Evening. May I please speak with
(name of shareholder)? I am representing Putnam Investments
in Boston. I am calling in connection with the upcoming
shareholder meeting for Putnam Income Fund for which you
recently received a proxy statement requesting your vote.
To verify I am speaking with the shareholder of record, may
I confirm that you are (name of shareholder of record) and
that your address of record is (address of record)?
(If the person is unwilling to confirm this information,
thank them for their time and terminate the call.)
We noted that we have not yet received your proxy card. Do
you have any questions regarding the proposals being
considered at the meeting that I can clarify for you?
(If there are questions regarding the proposal, please refer
to the proxy statement.)
Would you like to vote by telephone?
(If not, ask the shareholder if they would like another
proxy card, thank them for their time and terminate the
call. If so, proceed as follows:)
Page 46 of the proxy statement that you received describes
our procedures for voting your shares by telephone.
I will now paraphrase the proxy card so that you can provide
us with your voting instructions. The proxy card generally
states the following:
By authorizing your shares to be voted at the meeting you
are approving George Putnam, Hans H. Estin, and Robert E.
Patterson, and each of them separately, as proxies, with
power of substitution, and are authorizing them to represent
and vote your shares, at the meeting of shareholders of
Putnam Income Fund on July 31, 1996, at 2:00 p.m., Boston
time, and at any adjournments thereof.
When properly authorized, the proxy will be voted in the
manner directed by the shareholder. In their discretion,
the proxies are authorized to vote upon such other matters
as may properly come before the meeting.
The proxy card requests your vote on the following
proposals, for which the Trustees are recommending your
voting in favor.
Proposal 1
Elect the following nominees as Trustees: J.A. Baxter,
H.H. Estin, J.A. Hill, R.J. Jackson, E.T. Kennan, L.J.
Lasser, R.E. Patterson, D.S. Perkins, W.F. Pounds, G.
Putnam, G. Putnam, III, E. Shapiro, A.J.C. Smith, W.N.
Thorndike.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal? Would you like to withhold authority to
vote for one or more of the nominees?
Proposal 2
Ratify the selection of Coopers and Lybrand L.L.P. as
independent auditors of your fund?
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.A.
Amend the fund's fundamental investment restriction
with respect to diversification of investments.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.B.
Amend the fund's fundamental investment restriction
with respect to investments in the securities of a
single issuer.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.C.
Amend the fund's fundamental investment restriction
with respect to making loans through purchases of debt
obligations, repurchase agreements and securities
loans.
<PAGE>
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.D.
Amend the fund's fundamental investment restriction
with respect to investments in real estate.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.E.
Amend the fund's fundamental investment restriction
with respect to concentration of its assets.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.F.
Amend the fund's fundamental investment restriction
with respect to investments in commodities or commodity
contracts.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.G.
Amend the fund's fundamental investment restriction
with respect to underwriting.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.H.
Eliminate the fund's fundamental investment restriction
with respect to investments in issuers that have been
in operation for less than three years.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
<PAGE>
Proposal 3.I.
Eliminate the fund's fundamental investment restriction
with respect to investments in securities of issuers in
which management of the fund or Putnam Investment
Management, Inc. owns securities.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3. J.
Eliminate the fund's fundamental investment restriction
with respect to margin transactions.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.K.
Eliminate the fund's fundamental investment restriction
with respect to short sales.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.L.
Eliminate the fund's fundamental investment restriction
which limits the fund's ability to pledge assets.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
Proposal 3.M.
Eliminate the fund's fundamental investment
restrictions with respect to investments in illiquid
securities.
How would you like to vote on this proposal?
Would you like to vote for the proposal, against the
proposal, or would you like to abstain from voting on
this proposal?
<PAGE>
Thank you.
I will now repeat your instructions:
You voted: (For, Against, Abstained from) (list all
proposals)
Is this correct?
Thank you. We will be sending you a written confirmation of
your vote. Please call us if the information on the
confirmation is incorrect.
