Putnam Global Equity Fund
Verbal Voting Script
Introduction
Hello, my name is __________. I'm calling from DF King on behalf of Putnam
Global Equity Fund. May I please speak to __________?
Address Shareholder Needs
The Board of Trustees of your Putnam Global Equity Fund mailed a proxy statement
that requires your attention. I'm calling to find out if you received these
materials. May I have a moment of your time?
Have you received the proxy materials in the mail?
If not, then help the shareholder obtain the material he/she requires.
If a NOBO, he/she should contact his/her broker. If registered, we will
send the materials directly. In either case, make sure the address is
correct, make any necessary corrections, and code the disposition as
"14" or "15". If the shareholder says he/she just got the materials,
offer him the 800 phone number, 800-735-3428, offer to give him/her a
brief summary of the proxy statement, and explain that someone may call
in a few days to answer any questions.
Are you familiar with the proposals? May I assist you with any questions?
Take time to answer all questions carefully. Do not give advice. Remind
the shareholder that the Board of Trustees has recommended that he/she
vote in favor. Many questions can be addressed by referring to the
proxy statement and reading the appropriate sections.
If it's convenient for you, I can record your vote over the telephone right now.
Is it convenient?
Allow the shareholder to give you a response. If the shareholder says
he/she has already sent in the proxy, do not ask the shareholder how
he/she voted.
Here's how we'll proceed. The phone call will be recorded to assure accuracy. I
will ask you for your name, confirmation that you received the proxy materials,
your address, and the last 4 digits of your social security number. We'll then
take your vote. Within 72 hours, we'll mail you a letter confirming your vote.
Are you ready?
Depending on answer, TAB down and choose either "Y" or "N". If you are
going to take a vote, remember to allow the phone call to be recorded.
Begin the Vote
At this time, I'll begin recording the call. First, I'll reintroduce myself. My
name is __________, calling from DF King & Co on behalf of Putnam Global Equity
Fund. Today's date is __________ and the time is __________.
May I please have your name?
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May I ask if you received the proxy materials?
May I please have your address?
And finally the last 4 digits of your social security number?
Input the last 4 digits of the SSN. You may not proceed without this
information. If the shareholder refuses to give this information,
explain that it is for security purposes only, to assure that only the
proper person can vote his/her shares. However, if the shareholder
continues to resist, you have no choice but to politely end the call.
In this case, return to the first screen (Shift TAB) and hit "N", which
will take you to the disposition screen.
Actual Voting
Your Board of Trustees has made a series of proposals, which they have studied
carefully. They recommend that you vote in favor of all of them. Would you like
to vote in favor of all the proposals as recommended by your Board?
Choose either "Y" or "N". If you choose "Y", then the computer will
fill in the response for all proposals. If you choose "N", you must
input a vote for each proposal. If you are required to read the
proposals individually, end each proposal by saying, "Your Board
recommends that you vote in favor. How would you like to vote?" For
most proposals, the valid responses are
F = For proposal.
A = Against proposal.
B = Abstain.
Closing
Your vote has been recorded. You have voted __________. Is that correct?
If it is correct, then choose "Y". If it is not correct, then choose
"N". The cursor will return to the top of the ballot and allow you to
make the appropriate corrections.
In the next 72 hours, we'll mail you a letter confirming your votes. If you wish
to change your vote for any reason, please call us at the number listed in the
letter. Thank you for your time.
Turn off the tape recorder. Record the shareholder's name and number of
shares on your log. Finish the phone call. If you get a verbal vote,
the only valid disposition is "01". If you do not get a verbal vote,
then you may use any valid disposition except "01".
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SCRIPT FOR REGISTERED SHAREHOLDER TELEPHONE VOTING
Generic General
Shareholder Hears This Script
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<S> <C>
Speech 1 Welcome. Please enter the control number located on the upper portion of your proxy card.
Speech 2 To vote as the Putnam Global Equity Fund's Board recommends on all proposals, Press 1 now.
If user presses 1 go to Closing A Else go to Speech 2a
Closing A You have voted as the Board recommended. If this is correct, press 1. If incorrect, press 0.
If user presses 1 go to Speech 6 Else go to Speech 2a
Speech 2a To vote on each proposal separately, press 0 now.
If user presses 0 go to Speech 3 Else go to Speech 2
Speech 3 Proposal 1A: To vote FOR, press 1; AGAINST, press 9, ABSTAIN, press 0
Proposal 1B: Not Applicable. Your fund is not seeking a vote for this proposal.
Speech 4 Proposal 2: To vote FOR, press 1; AGAINST, press 9, ABSTAIN, press 0
Speech 5 Proposal 3:
To vote FOR all nominees, press 1.
To WITHHOLD from all nominees, press 9.
To WITHHOLD from an individual nominee, press 0. If caller presses 0 go to Speech 5a else go to Closing B
Speech 5a Enter the two-digit number that appears next to the nominee's name you DO NOT wish to vote for.
Speech 5b Press 1 to withhold from another nominee or Press 0 if you have completed voting on Nominees.
If caller presses 1 go to Speech 5a else go to Closing B
Closing B Your votes have been cast as follows;
Proposal 1. For, Against, Abstain
Proposal 2: For, Against, Abstain
Proposal 3. For ALL, or WITHHOLD All or FOR All Except
If this is correct, Press 1 now: If incorrect, Press 0
If caller presses 1 go to Speech 6 else go to+Your votes have been cancelled and then to Speech 6.
Speech 6 If you have received more than one proxy card, you must vote each card separately. If
you would like to vote another proxy, press 1 now. To end this call, press 0 now.
If caller pressed 1 go to Speech 1 else go to Speech 7
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CONFIDENTIAL MANAGEMENT INFORMATION SERVICES CORPORATION
8/18/99
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Speech 7 Thank you for voting
CONFIDENTIAL MANAGEMENT INFORMATION SERVICES CORPORATION
8/18/99
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Global Equity Fund- Shareholder Vote Q&A
For Internal Use Only
On 19 September 2000 Putnam Investments will mail to shareholders of record as
of the close of business on 8 September 2000 proxy statements regarding the 7
December Shareholder meeting for the Putnam Global Equity Fund. Below are
questions that can assist you with client inquiries.
Q. What are the Trustees of Putnam Global Equity asking shareholders to vote
on in December?
A. The Trustees of the fund are asking shareholders to vote on five proposals
o Electing the Fund's Trustees
o Approving a new management contract between the fund and Putnam
Investment Management, which includes an increase in management fees
o Approving an amendment to the fund's fundamental investment
restriction with respect to borrowing
o Approving an amendment to the fund's fundamental investment
restriction with respect to making loans
o Ratifying the selection of the Trustees of Pricewaterhouse
Coopers LLP, the independent auditor, of the fund for is current
fiscal year.
Q. When will the Shareholder meeting occur?
A. Proxies will be sent out on 19 September 2000 and the Shareholder meeting
will be held on December 7 2000.
Q. Who is eligible to vote?
A. Proxy cards will be mailed to shareholders of record at the close of
business on 8 September 2000. Each share is entitled to one vote.
Q. Why are the Trustees recommending an increase in management fees?
A. In June 1998, the Trustees approved a change in the fund's investment
policies to increase the portion of the fund's assets that can be invested
in international securities.
The Trustees of the fund, after a comprehensive review, believe that the
fund requires a management fee increase because of the greater complexity
and higher costs involved in the investment process for selecting foreign
securities and to maintain the fund's ability to attract talented
investment professionals to the management team.
The new fee schedule will allow Putnam Global Equity Fund to conform to the
fee schedule that other Putnam global and international funds have in
place.
Q. How did Trustees come to this recommendation?
A. The Trustees over the past several years conducted a comprehensive study on
management fees within all Putnam funds and competitors. The Contract
Committee of the Trustees, an independent group of Trustees with no
financial interest in Putnam Management, led the study. The result of the
study was to institute a model fee schedule, which has now been implemented
in most of the Putnam funds.
Q. Will the management fees decrease as assets increase?
A. If approved, this proposal would immediately replace the management fee of
0.70% of net assets per annum to 0.80% of net assets per annum. The fee
rate will gradually decrease as the fund increases in size from the first
$500 million of net assets and will end at the level of 0.47% of net assets
above $55 billion.
Q. Why does a fund have management fees?
A. A fund's management fees help pay for the day-to-day operations of the
fund. The fees support the personnel, equipment, and office facilities
devoted to managing the fund's investment portfolio, the accounting systems
used in determining the fund's daily NAV and maintaining shareholder
accounts, as
BP&D/PSS
11 September 2000
<PAGE>
Global Equity Fund- Shareholder Vote Q&A
For Internal Use Only
well as general administration of the fund, preparation of reports to
shareholders and compliance with regulatory requirements.
Q. Will the fund's performance be affected?
A. These fees, along with the other operating expenses (12b-1 and other fees),
are calculated into the fund's daily NAV and for that reason can have an
effect. However, because these fees are calculated daily into the NAV the
effect is likely to be minimal.
The fund's year-to-date return on A-shares as of August 31, 2000 was 0.98%
and has performed well relative to its benchmark, the MSCI World Index,
over the 1-, 3-, 5- and 10-year periods.
For periods ended 31 August 2000
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<CAPTION>
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1 year 3-year 5-year Life Inception Date
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<S> <C> <C> <C> <C> <C>
A share 38.38% 25.78% 24.21% 23.10% 7/1/1994
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B share 37.40% 24.95% 23.44% 22.37% 7/1/1994
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C share 37.41% 25.01% 23.44% 22.34% 2/1/1999
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M share 37.73% 25.25% 23.76% 22.67% 7/3/1995
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MSCI World* 12.19% 11.87% 10.72% 9.37%* *
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* Life return of MSCI World is from inception of Class A Shares
Performance for the fund is based at NAV. Past Performance is not indicative of
future results.
Additionally, the fund has also performed well against its competitor list.
This list prepared by the Trustees and Putnam Management compares the
performance of Putnam Global Equity Fund with the performance of funds with
similar investment objectives and strategies.
For periods ended 31 August 2000
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<S> <C>
--------------------------
1-year Top 20%
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3-years Top 10%
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5-years Top 10%
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Q. How can a shareholder vote?
A. A shareholder can vote three ways:
o By mailing in the proxy card
o By touch-tone telephone (call 1-888-221-0697 and follow recorded
instructions)
o By internet (www.proxyweb.com/Putnam)
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Q. How can I obtain a new proxy card?
A. Additional proxy cards may be ordered via ccmail addressed to Tarah Soares
or Betty Creamer in the Proxy department. In addition to the fund's name
please include the shareholder's address and account number.
Q. How can I obtain a copy of the proxy statement?
A. Proxy statements can be ordered from the Literature System.
BP&D/PSS
11 September 2000
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[Putnam Logo]
Putnam Investments
Internet Proxy Voting Service
[Graphic of sample proxy card]
Your vote is important.
This proxy is solicited on behalf of Trustees of the Fund.
Instructions:
To vote on all proposals as the trustees recommend
1. Please enter the control number from your proxy card:
2. Check here to vote on all proposals as the trustees recommend.
3. Click on the VOTE button below.
"VOTE button"
or
To vote on each proposal separately
1. Please enter the control number from your proxy card:
2. Click on the VOTE button below.
"VOTE button"
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PUTNAM INVESTMENTS (Putnam logo)
Internet Voting Instruction Card
Putnam Global Equity Fund
If you submit your voting instructions more than once for the same proposal,
only your most recently received voting instructions will be considered valid.
For this purpose, the voting instructions with the most recent date will be
considered the most recently received. The proxy tabulator, in its sole
discretion, will resolve any discrepancies in voting instructions. THE TRUSTEES
RECOMMEND A VOTE FOR ALL PROPOSALS.
--------------------------------------------------------------------------------
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<S> <C> <C>
Proposal 1. Proposal to elect all nominees. / / FOR electing all the nominees
The nominees for Trustees are: / / WITHHOLD authority to vote for all
J.A. Baxter (01) nominees
H.H. Estin (02) / / FOR electing all the nominees (except
J.A. Hill (03) as marked to the contrary in the text box)
R.J. Jackson (04)
P.L. Joskow (05) ------------------------------------------
E.T. Kennan (06)
L.J. Lasser (07)
J.H. Mullin, III (08)
R.E. Patterson (09)
G. Putnam, III (10)
A.J.C. Smith (11)
W.T. Stephens (12)
W.N. Thorndike (13)
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<TABLE>
<S> <C> <C> <C> <C>
Proposal 2. Proposal to approve a new management
contract between your fund and Putnam / / FOR / / AGAINST / /ABSTAIN
Investment Management, Inc.
Proposal 3. Proposal to approve an amendment
to the fund's fundamental investment / / FOR / / AGAINST / /ABSTAIN
restriction with respect to borrowing.
Proposal 4. Proposal to approve an amendment
to the fund's fundamental investment / / FOR / / AGAINST / /ABSTAIN
restriction with respect to making loans.
Proposal 5. Proposal to ratify the selection
of PricewaterhouseCoopers LLP as the / / FOR / / AGAINST / /ABSTAIN
independent auditors of your fund.
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If you submit your voting instructions on this site, we'll vote exactly as you
tell us. The Proxies are authorized to vote in their discretion upon any matters
as may properly come before the meeting or at any adjournments of the meeting.
If you do not provide your voting instructions on a proposal, the Proxies will
vote FOR all proposals. Your Internet vote authorizes the Proxies listed on your
proxy card to vote your shares at the meeting of the shareholders of your fund
to be held at the time and place as set forth on your proxy card in the same
manner as if you marked, signed, and returned your proxy card.
To receive email confirmation, enter your email address here:
_________________________________
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Press this button to SUBMIT your voting instructions.
Please review your selections carefully before submitting your voting
instructions.
If you have questions about any of the proposals, please call 1-800-225-1581.
