SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )
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Filed by the Registrant / X /
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Filed by a party other than the Registrant / /
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Check the appropriate box:
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/ / Preliminary Proxy Statement
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/ / Confidential, for Use of the Commission Only (as
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/ / Definitive Proxy Statement
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/ x / Definitive Additional Materials
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/ / Soliciting Material Pursuant to Sec. 240.14a-11(c) or
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PUTNAM CALIFORNIA INVESTMENT GRADE MUNICIPAL TRUST
PUTNAM HIGH YIELD MUNICIPAL TRUST
PUTNAM INVESTMENT GRADE MUNICIPAL TRUST
PUTNAM MANAGED HIGH YIELD TRUST
PUTNAM MANAGED MUNICIPAL INCOME TRUST
PUTNAM MASTER INCOME TRUST
PUTNAM MUNICIPAL BOND FUND
PUTNAM MUNICIPAL OPPORTUNITIES TRUST
PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST
PUTNAM TAX FREE HEALTH CARE FUND
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement,
if other than Registrant)
Payment of Filing Fee (Check the appropriate box):
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/ X / No fee required
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/ / Fee computed on table below per Exchange Act Rule 14a
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(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
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/ / Fee paid previously with preliminary materials.
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/ / Check box if any part of the fee is offset as provided
- ---- by Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous filing
by registration statement number, or the Form or Schedule and the date
of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
The following Q&A was prepared to help you answer questions from brokers
and/or shareholders on the subject of the proxies being mailed to them
for their votes. These proxies are sent to shareholders that were
shareholders of record on 5 July 2002 for the following Putnam Closed
End Funds: California Investment Grade Municipal Trust, High Yield
Municipal Trust, Investment Grade Municipal Trust, Managed High Yield
Trust, Managed Municipal Income Trust, Master Income Trust, Municipal
Bond Fund, Municipal Opportunities Trust, New York Investment Grade
Municipal Trust and Tax-Free Health Care Fund.
Frequently Asked Questions
1. What are the Trustees recommending?
2. Who is eligible to vote?
3. When is the shareholder meeting?
4. How can a shareholder submit their vote?
5. I did not receive a copy of the proxy statement; can you send me one?
6. I misplaced my proxy card; how can another one be sent?
1. What are the Trustees recommending?
The Trustees are asking shareholders to elect the Trustees for the
funds. This vote is required and occurs on a yearly basis.
The following are the Closed-End Funds in which the vote is required on:
[bullet] California Investment Grade Municipal Trust
[bullet] High Yield Municipal Trust
[bullet] Investment Grade Municipal Trust
[bullet] Managed High Yield Trust
[bullet] Managed Municipal Income Trust
[bullet] Master Income Trust
[bullet] Municipal Bond Fund
[bullet] Municipal Opportunities Trust
[bullet] New York Investment Grade Municipal Trust
[bullet] Tax-Free Health Care Fund
2. Who is eligible to vote?
Shareholders of record at the close of business on 5 July 2002 are
eligible to vote. Each share is entitled to one vote.
3. When is the shareholder meeting?
The shareholder meeting to determine the results will be on 3 October
2002
4. How can a shareholder submit their vote?
There are several ways to submit your vote. Your vote may be submitted
by returning the proxy card by mail or via the internet. Internet voting
instructions are located on the proxy card.
5. I did not receive a copy of the proxy statement; can you send me one?
Additional proxy statements may be ordered off of the literature system.
6. I misplaced my proxy card; how can another one be sent?
Additional proxy cards may be ordered via email to Tarah Soares or Betty
Creamer in the Proxy department. Shareholder information to be included
is the fund name, shareholder address, and account number.