We, the undersigned Trustees and officers of each of the Trusts listed on Schedule A hereto, hereby severally constitute and appoint Jameson A. Baxter, George Putnam III, Jonathan S. Horwitz, Bryan Chegwidden and James E. Thomas, and each of them singly, our true and lawful attorneys, with full power to them and each of them, to sign for us, and in our names and in the capacities indicated below, the Registration Statements on Form N-14 of each of the Trusts listed on Schedule A hereto and any and all amendments (including post-effective amendments) to said Registration Statements and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto our said attorneys, and each of them acting alone, full power and authority to do and perform each and every act and thing requisite or necessary to be done in the premises, as fully to all intents and purposes as he might or could do in person, and hereby ratify and confirm all that said attorneys or any of them may lawfully do or cause to be done by virtue thereof.
WITNESS my hand and seal on the date set forth below.
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| Signature | Title | Date |
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| |
| /s/ Jameson A. Baxter | Chair of the Board and Trustee | January 27, 2017 |
| Jameson A. Baxter | | |
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| /s/ Kenneth R. Leibler | Vice Chair of the Board and Trustee | January 27, 2017 |
| Kenneth R. Leibler | | |
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| /s/ Robert L. Reynolds | President and Trustee | January 27, 2017 |
| Robert L. Reynolds | | |
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| /s/ Jonathan S. Horwitz | Executive Vice President, Principal | January 27, 2017 |
| Jonathan S. Horwitz | Executive Officer and Compliance | |
| | Liaison | |
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| /s/ Janet C. Smith | Vice President, Principal Financial | January 27, 2017 |
| Janet C. Smith | Officer, Principal Accounting | |
| | Officer and Assistant Treasurer | |
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| /s/ Liaquat Ahamed | Trustee | January 27, 2017 |
| Liaquat Ahamed | | |
| | |
| /s/ Ravi Akhoury | Trustee | January 27, 2017 |
| Ravi Akhoury | | |
| |
| |
| /s/ Barbara M. Baumann | Trustee | January 27, 2017 |
| Barbara M. Baumann | | |
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| /s/ Robert J. Darretta | Trustee | January 27, 2017 |
| Robert J. Darretta | | |
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| /s/ Katinka Domotorffy | Trustee | January 27, 2017 |
| Katinka Domotorffy | | |
| |
| |
| /s/ John A. Hill | Trustee | January 27, 2017 |
| John A. Hill | | |
| |
| |
| /s/ Paul L. Joskow | Trustee | January 27, 2017 |
| Paul L. Joskow | | |
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| |
| | Trustee | January 27, 2017 |
| Robert E. Patterson | | |
| |
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| /s/ George Putnam, III | Trustee | January 27, 2017 |
| George Putnam, III | | |
| |
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| /s/ W. Thomas Stephens | Trustee | January 27, 2017 |
| W. Thomas Stephens | | |
Schedule A
Registration Statement of Putnam Equity Income Fund on Form N-14 relating to the proposed merger of The Putnam Fund for Growth and Income with and into Putnam Equity Income Fund.
Registration Statement of Putnam Variable Trust on Form N-14 relating to the proposed merger of Putnam VT Growth and Income Fund with and into Putnam VT Equity Income Fund.
Registration Statement of Putnam Global Natural Resources Fund on Form N-14 relating to the proposed merger of Putnam Global Energy Fund with and into Putnam Global Natural Resources Fund.
Registration Statement of Putnam High Yield Advantage Fund on Form N-14 relating to the proposed merger of Putnam High Yield Trust with and into Putnam High Yield Advantage Fund.
Registration Statement of Putnam Tax Exempt Income Fund on Form N-14 relating to the proposed merger of Putnam Michigan Tax Exempt Income Fund and Putnam Arizona Tax Exempt Income Fund with and into Putnam Tax Exempt Income Fund.
Registration Statement of Putnam Funds Trust on Form N-14 relating to the proposed merger of Putnam Global Dividend Fund with and into Putnam Global Sector Fund.
