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Putnam RetirementReady ® Funds Announce That the Special Meeting of Shareholders on September 10, 2020 Will Be Held Solely by Means of Remote Communication

In light of public health concerns regarding the coronavirus pandemic and to support the well-being of our shareholders and communities, the Special Meeting of Shareholders (the "Meeting") of Putnam RetirementReady 2060 Fund, Putnam RetirementReady 2055 Fund, Putnam RetirementReady 2050 Fund, Putnam RetirementReady 2045 Fund, Putnam RetirementReady 2040 Fund, Putnam RetirementReady 2035 Fund, Putnam RetirementReady 2030 Fund, Putnam RetirementReady 2025 Fund, Putnam RetirementReady 2020 Fund and Putnam RetirementReady Maturity Fund (each, a "Fund"), each a series of Putnam Target Date Funds, will be conducted solely by means of remote communication. Shareholders will not be able to attend their Fund’s Meeting in person.

The Meeting will be held at the previously appointed time of 11:00 a.m. Eastern Time on Thursday, September 10, 2020. The Funds urge shareholders to vote in advance of the Meeting by signing and returning their proxy cards or, alternatively, by voting online or by telephone, following the instructions and using the voting control number that appears on their proxy cards. Shareholders may use the proxy cards previously distributed to them to vote their shares by mail, online, or by telephone. The proxy cards will not be updated to reflect that the Meeting will be conducted solely by means of remote communication.

Any shareholder wishing to participate in a Meeting by means of remote communication can do so at www.meetingcenter.io/228660679 (the "Meeting website"), with the password: PUT2020. To participate in the Meeting, you will need to enter the control number found in the shaded box of your proxy card or voting instruction form on the Meeting website.

If you held Fund shares through an intermediary (such as a broker-dealer) as of June 15, 2020 (the record date for the Meetings), and you want to vote at the Meeting, you must first obtain a legal proxy from your intermediary reflecting the relevant Fund name(s), the number of Fund shares you held, as well as your name and e-mail address. To register, send an image of your legal proxy to shareholdermeetings@computershare.com. Requests for registration must be labeled as "Legal Proxy" and be received no later than 5:00 p.m., Eastern Time, on Tuesday, September 8, 2020. You will receive a confirmation of your registration by email after we receive your legal proxy.

The Funds’ Proxy Statement is available at https://www.putnam.com/static/pdf/email/RetirementReady-proxy-voting.pdf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200903005877/en/


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