# EDGAR Filing Document

**Accession Number:** 0000844790
**File Stem:** 0001133228-26-009679
**Filing Date:** 2026-6
**Character Count:** 44999
**Document Hash:** 0b76936bd8f0804cec6f8764a3198d0c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-009679.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001133228-26-009679

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**EFFECTIVENESS DATE**: 20260626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM MANAGED MUNICIPAL INCOME TRUST
- **CENTRAL INDEX KEY:** 0000844790

**ORGANIZATION NAME:**
- **EIN:** 046608976
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05740
- **FILM NUMBER:** 261126362

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Ex-99.Cert

CERTIFICATIONS PURSUANT TO SECTION 302

EX-99.CERT

**<u>CERTIFICATIONS</u>**

I, Jane Trust, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of **Putnam Managed Municipal Income Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented
in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and
report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | June 26, 2026 | /s/ Jane Trust |
|  |  | Jane Trust |
|  |  | Principal Executive Officer |

---

**<u>CERTIFICATIONS</u>**

I, Christopher Berarducci, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of **Putnam Managed Municipal Income Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial information included in this report, and the financial statements
on which the financial information is based, fairly present in all material respects the financial condition, results of operations, changes
in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of,
and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report
based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | June 26, 2026 | /s/ Christopher Berarducci |
|  |  | Christopher Berarducci |
|  |  | Principal Financial Officer |

---

## Exhibit 99.906

CERTIFICATIONS PURSUANT TO SECTION 906

EX-99.906CERT

**CERTIFICATION**

**Jane Trust,** Principal Executive Officer, and **Christopher Berarducci,** Principal Financial Officer of **Putnam Managed Municipal Income Trust** (the "Registrant"), each certify to the best of their knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended **April 30, 2026** (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | |
|:---|:---|
| **Principal Executive Officer** | **Principal Financial Officer** |
| Putnam Managed Municipal | Putnam Managed Municipal |
| Income Trust | Income Trust |
| /s/ Jane Trust | /s/ Christopher Berarducci |
| Jane Trust | Christopher Berarducci |
| Date: June 26, 2026 | Date: June 26, 2026 |

---

This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Commission.

## Exhibit 99.19

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES FOR**

**CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

BOSTON, Massachusetts (November 28, 2025 – The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement.

The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.<br>

The table below provides information regarding distributions and total return performance for various periods.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-Div for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 *The funds periodically provide fund-related information on their websites. The following information will be available for each fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8<sup>th</sup> business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.*

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PUTNAM SHAREHOLDERS CONTACT**

: 1-800-225-1581

###

100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES FOR**

**CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

BOSTON, Massachusetts - December 31, 2025 – The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement.

The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.<br>

<br>The table below provides information regarding distributions and total return performance for various periods. <br>

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-Div for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 *The funds periodically provide fund-related information on their websites. The following information will be available for each fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8<sup>th</sup> business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.*

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PUTNAM SHAREHOLDERS CONTACT**

: 1-800-225-1581

###

<br>100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES** 

**FOR CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Boston, Massachusetts – (January 30, 2026) - The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount

.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions |
| &nbsp;&nbsp; Ticker | &nbsp;&nbsp; Time period | &nbsp;&nbsp; Per share distribution January 2026 | &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp; Net realized short-term capital gains | &nbsp;&nbsp; Net realized long-term capital gains | &nbsp;&nbsp; Return of Capital |
| &nbsp;&nbsp; PMM | &nbsp;&nbsp; Current month | &nbsp;&nbsp; $0.0265 | &nbsp;&nbsp; $0.0245  | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0020  |
|  |  |  | &nbsp;&nbsp; 92.5% | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 7.5% |
|  | &nbsp;&nbsp; 10/31 Fiscal YTD | &nbsp;&nbsp; $0.0795 | &nbsp;&nbsp; $0.0742 | &nbsp;&nbsp; $0.0003 | &nbsp;&nbsp; - | &nbsp;&nbsp; $0.0050 |
|  |  |  | &nbsp;&nbsp; 93.3% | &nbsp;&nbsp; 0.4% | &nbsp;&nbsp; - | &nbsp;&nbsp; 6.3% |
| &nbsp;&nbsp; PMO  | &nbsp;&nbsp; Current month | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; $0.0360  | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0033  |
|  |  |  | &nbsp;&nbsp; 91.6% | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 8.4% |
|  | &nbsp;&nbsp; 4/30 Fiscal YTD | &nbsp;&nbsp; $0.3537  | &nbsp;&nbsp; $0.3149  | &nbsp;&nbsp; $0.0093  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0295  |
|  |  |  | &nbsp;&nbsp; 89.0% | &nbsp;&nbsp; 2.6% | &nbsp;&nbsp; - | &nbsp;&nbsp; 8.4% |

---

<br> The table below provides information regarding distributions and total return performance for various periods. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes. <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Cumulative** | &nbsp;&nbsp; **Cumulative** |
| &nbsp;&nbsp; **Ticker**<br>| &nbsp;&nbsp; **5-year average annual total return at NAV\***<br>| &nbsp;&nbsp; **Current distribution rate at NAV\*\***<br>| &nbsp;&nbsp; **Fiscal YTD return at NAV\*\*\***<br>| &nbsp;&nbsp; **Fiscal YTD distribution rate at NAV\*\*\***<br>|
| &nbsp;&nbsp; PMM (FYE 10/31) | &nbsp;&nbsp; 0.67% | &nbsp;&nbsp; 4.77% | &nbsp;&nbsp; 0.20% | &nbsp;&nbsp; 4.77% |
| &nbsp;&nbsp; PMO (FYE 4/30) | &nbsp;&nbsp; 0.36% | &nbsp;&nbsp; 4.16% | &nbsp;&nbsp; 6.75% | &nbsp;&nbsp; 4.16% |

---

\* Ending on the last day of the month prior to the most recent distribution record date. <br>

\*\*As of the last day of the month prior to the most recent distribution record date.<br>

\*\*\*Calculated from the last completed fiscal year to the last day of the month prior to the most recent distribution record date.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy.

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. <br>

The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.<br>

INVESTMENT PRODUCTS: NOT FDIC INSURED \| NO BANK GUARANTEE \| MAY LOSE VALUE.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 

**Investor Contact: Fund Investor Services 1-888-777-0102 <br>** 

<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Category: Distribution Related <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Source: Franklin Resources, Inc.

###<br>100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES** 

**FOR CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Boston, Massachusetts – (February 27, 2026) - The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount

.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions |
| &nbsp;&nbsp; Ticker | &nbsp;&nbsp; Time period | &nbsp;&nbsp; Per share distribution February 2026 | &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp; Net realized short-term capital gains | &nbsp;&nbsp; Net realized long-term capital gains | &nbsp;&nbsp; Return of Capital |
| &nbsp;&nbsp; PMM | &nbsp;&nbsp; Current month | &nbsp;&nbsp; $0.0265 | &nbsp;&nbsp; $0.0245  | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0020  |
|  |  |  | &nbsp;&nbsp; 92.5% | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 7.5% |
|  | &nbsp;&nbsp; 10/31 Fiscal YTD | &nbsp;&nbsp; $0.1060 | &nbsp;&nbsp; $0.0987 | &nbsp;&nbsp; $0.0003 | &nbsp;&nbsp; - | &nbsp;&nbsp; $0.0070 |
|  |  |  | &nbsp;&nbsp; 93.1% | &nbsp;&nbsp; 0.3% | &nbsp;&nbsp; - | &nbsp;&nbsp; 6.6% |
| &nbsp;&nbsp; PMO  | &nbsp;&nbsp; Current month | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; $0.0379  | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0014  |
|  |  |  | &nbsp;&nbsp; 96.4% | &nbsp;&nbsp; -  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 3.6% |
|  | &nbsp;&nbsp; 4/30 Fiscal YTD | &nbsp;&nbsp; $0.3930  | &nbsp;&nbsp; $0.3528  | &nbsp;&nbsp; $0.0093  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0309  |
|  |  |  | &nbsp;&nbsp; 89.8% | &nbsp;&nbsp; 2.4% | &nbsp;&nbsp; - | &nbsp;&nbsp; 7.8% |

---

The table below provides information regarding distributions and total return performance for various periods. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes. <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Cumulative** | &nbsp;&nbsp; **Cumulative** |
| &nbsp;&nbsp; **Ticker**<br>| &nbsp;&nbsp; **5-year average annual total return at NAV\***<br>| &nbsp;&nbsp; **Current distribution rate at NAV\*\***<br>| &nbsp;&nbsp; **Fiscal YTD return at NAV\*\*\***<br>| &nbsp;&nbsp; **Fiscal YTD distribution rate at NAV\*\*\***<br>|
| &nbsp;&nbsp; PMM (FYE 10/31) | &nbsp;&nbsp; 0.44% | &nbsp;&nbsp; 4.75% | &nbsp;&nbsp; 0.90% | &nbsp;&nbsp; 4.75% |
| &nbsp;&nbsp; PMO (FYE 4/30) | &nbsp;&nbsp; 0.15% | &nbsp;&nbsp; 4.16% | &nbsp;&nbsp; 7.31% | &nbsp;&nbsp; 4.16% |

---

\* Ending on the last day of the month prior to the most recent distribution record date. <br>

\*\*As of the last day of the month prior to the most recent distribution record date.<br>

\*\*\*Calculated from the last completed fiscal year to the last day of the month prior to the most recent distribution record date.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy.

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.

INVESTMENT PRODUCTS: NOT FDIC INSURED \| NO BANK GUARANTEE \| MAY LOSE VALUE.

**Investor Contact: Fund Investor Services 1-888-777-0102<br>** 

<br> Category: Distribution Related <br>Source: Franklin Resources, Inc.

###<br>100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES** 

**FOR CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Boston, Massachusetts – (March 31, 2026) - The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount

.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions |
| &nbsp;&nbsp; Ticker | &nbsp;&nbsp; Time period | &nbsp;&nbsp; Per share distribution March 2026 | &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp; Net realized short-term capital gains | &nbsp;&nbsp; Net realized long-term capital gains | &nbsp;&nbsp; Return of Capital |
| &nbsp;&nbsp; PMM | &nbsp;&nbsp; Current  | &nbsp;&nbsp; $0.0265 | &nbsp;&nbsp; $0.0265 | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; Month |  | &nbsp;&nbsp; 100.0% | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; 10/31 | &nbsp;&nbsp; $0.1325 | &nbsp;&nbsp; $0.1252  | &nbsp;&nbsp; $0.0003 | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0070  |
|  | &nbsp;&nbsp; Fiscal YTD |  | &nbsp;&nbsp; 94.5% | &nbsp;&nbsp; 0.2%  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 5.3% |
| &nbsp;&nbsp; PMO | &nbsp;&nbsp; Current  | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; Month |  | &nbsp;&nbsp; 100.0% | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; 4/30 | &nbsp;&nbsp; $0.4323 | &nbsp;&nbsp; $0.3921 | &nbsp;&nbsp; $0.0093 | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0309  |
|  | &nbsp;&nbsp; Fiscal YTD |  | &nbsp;&nbsp; 90.7% | &nbsp;&nbsp; 2.2%  | &nbsp;&nbsp; -  | &nbsp;&nbsp; 7.1% |

---

The table below provides information regarding distributions and total return performance for various periods through prior month end. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Cumulative** | &nbsp;&nbsp; **Cumulative** |
| &nbsp;&nbsp; **Ticker**<br>| &nbsp;&nbsp; **5-year average annual total return at NAV\***<br>| &nbsp;&nbsp; **Current distribution rate at NAV\*\***<br>| &nbsp;&nbsp; **Fiscal YTD return at NAV\*\*\***<br>| &nbsp;&nbsp; **Fiscal YTD distribution rate at NAV\*\*\***<br>|
| &nbsp;&nbsp; PMM (FYE 10/31) | &nbsp;&nbsp; 1.30% | &nbsp;&nbsp; 4.64% | &nbsp;&nbsp; 3.71% | &nbsp;&nbsp; 1.55% |
| &nbsp;&nbsp; PMO (FYE 4/30) | &nbsp;&nbsp; 1.18% | &nbsp;&nbsp; 4.06% | &nbsp;&nbsp; 10.24% | &nbsp;&nbsp; 3.38% |

---

\* Ending on the last day of the month prior to the most recent distribution record date. <br>

\*\*As of the last day of the month prior to the most recent distribution record date.<br>

\*\*\*Calculated from the last completed fiscal year to the last day of the month prior to the most recent distribution record date.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy.

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.

The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.

 *The funds periodically provide fund-related information on their websites. The following information will be available for each fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8<sup>th</sup> business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.<br>* 

<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INVESTMENT PRODUCTS: NOT FDIC INSURED \| NO BANK GUARANTEE \| MAY LOSE VALUE

**Investor Contact: Fund Investor Services 1-888-777-0102** 

Copyright© 2026. Franklin Templeton. All rights reserved.

Category: Distribution Related

Source: Franklin Resources, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 

###<br>100 Federal Street

Boston, Massachusetts 02110

www.franklintempleton.com

1-800-225-1581

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FOR IMMEDIATE RELEASE

**FRANKLIN TEMPLETON

ANNOUNCES 19(a) NOTICES** 

**FOR CLOSED-END MUNICIPAL FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Boston, Massachusetts – (April 30, 2026) - The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount

.

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions | &nbsp;&nbsp; Estimated sources & percentages of distributions |
| &nbsp;&nbsp; Ticker | &nbsp;&nbsp; Time period | &nbsp;&nbsp; Per share distribution April 2026 | &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp; Net realized short-term capital gains | &nbsp;&nbsp; Net realized long-term capital gains | &nbsp;&nbsp; Return of Capital |
| &nbsp;&nbsp; PMM | &nbsp;&nbsp; Current  | &nbsp;&nbsp; $0.0265 | &nbsp;&nbsp; $0.0256  | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0009  |
|  | &nbsp;&nbsp; Month |  | &nbsp;&nbsp; 96.6% | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; 3.4% |
|  | &nbsp;&nbsp; 10/31 | &nbsp;&nbsp; $0.1590  | &nbsp;&nbsp; $0.1508  | &nbsp;&nbsp; $0.0003  | &nbsp;&nbsp; - | &nbsp;&nbsp; $0.0079  |
|  | &nbsp;&nbsp; Fiscal YTD |  | &nbsp;&nbsp; 94.8% | &nbsp;&nbsp; 0.2% | &nbsp;&nbsp; - | &nbsp;&nbsp; 5.0% |
| &nbsp;&nbsp; PMO | &nbsp;&nbsp; Current  | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; $0.0393 | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; Month |  | &nbsp;&nbsp; 100.0% | &nbsp;&nbsp; - | &nbsp;&nbsp; -  | &nbsp;&nbsp; - |
|  | &nbsp;&nbsp; 4/30 | &nbsp;&nbsp; $0.4716  | &nbsp;&nbsp; $0.4314  | &nbsp;&nbsp; $0.0093  | &nbsp;&nbsp; -  | &nbsp;&nbsp; $0.0309  |
|  | &nbsp;&nbsp; Fiscal YTD |  | &nbsp;&nbsp; 91.5% | &nbsp;&nbsp; 2.0% | &nbsp;&nbsp; -  | &nbsp;&nbsp; 6.5% |

---

The table below provides information regarding distributions and total return performance for various periods through prior month end. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Annualized** | &nbsp;&nbsp; **Cumulative** | &nbsp;&nbsp; **Cumulative** |
| &nbsp;&nbsp; **Ticker**<br>| &nbsp;&nbsp; **5-year average annual total return at NAV\***<br>| &nbsp;&nbsp; **Current distribution rate at NAV\*\***<br>| &nbsp;&nbsp; **Fiscal YTD return at NAV\*\*\***<br>| &nbsp;&nbsp; **Fiscal YTD distribution rate at NAV\*\*\***<br>|
| &nbsp;&nbsp; PMM (FYE 10/31) | &nbsp;&nbsp; 0.40% | &nbsp;&nbsp; 4.83% | &nbsp;&nbsp; 0.18% | &nbsp;&nbsp; 2.41% |
| &nbsp;&nbsp; PMO (FYE 4/30) | &nbsp;&nbsp; 0.18% | &nbsp;&nbsp; 4.23% | &nbsp;&nbsp; 6.16% | &nbsp;&nbsp; 4.23% |

---

\* Ending on the last day of the month prior to the most recent distribution record date. <br>

\*\*As of the last day of the month prior to the most recent distribution record date.<br>

\*\*\*Calculated from the last completed fiscal year to the last day of the month prior to the most recent distribution record date.

You should not draw any conclusions about a Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Policy. <br>

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. <br>

 *The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at

www.franklintempleton.com

at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.<br>* 

<br> INVESTMENT PRODUCTS: NOT FDIC INSURED \| NO BANK GUARANTEE \| MAY LOSE VALUE <br>

**Investor Contact: Fund Investor Services 1-888-777-0102 <br>** 

<br> *Copyright© 2026. Franklin Templeton. All rights reserved.<br>* 

<br> Category: Distribution Related <br>

Source: Franklin Resources, Inc.