Liquidation: PUTNAM FUNDS TRUST

Form Type: 497

Filing Date: 2025-05-19

Corporate Action: Liquidation

Type: New

Accession Number: 000092881625000646

Filing Summary: On May 16, 2025, the Board of Trustees of Putnam Funds Trust approved a plan to liquidate Putnam Intermediate-Term Municipal Income Fund. This liquidation is expected to occur around July 18, 2025. The Fund will close to new investors effective July 3, 2025, and new purchases from existing investors will be halted by July 15, 2025, to prepare for the liquidation. Shareholders are allowed to redeem their shares until the close of business on the liquidation date at the current net asset value. After settling all charges and liabilities, the Fund will distribute cash to remaining shareholders as of the liquidation date. Shareholders are advised to consult their tax advisors regarding the tax implications of this liquidation.

Form Type: 497K

Filing Date: 2025-05-19

Corporate Action: Liquidation

Type: New

Accession Number: 000092881625000648

Filing Summary: On May 16, 2025, the Board of Trustees of Putnam Funds Trust approved a plan to liquidate the Putnam Intermediate-Term Municipal Income Fund upon the recommendation of Franklin Advisers, Inc. The liquidation is expected to occur around July 18, 2025, with some portfolio holdings potentially being disposed of prior to this date. The Fund will be closed to new investors effective July 3, 2025, and to new purchases from existing investors effective July 15, 2025. Shareholders can redeem their shares until the close of business on July 18, 2025, at the then-current net asset value. After satisfying all liabilities, the Fund will liquidate its assets and distribute cash pro rata to remaining shareholders as of July 18, 2025, who have not fully redeemed or exchanged their shares. Shareholders are advised to consult tax professionals regarding the tax implications of the Fund's liquidation.