-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jzy4LN/gSmz21ArnU+lIT3+2SZDj3yAxc3WyW7IkTHw8psFIhIEzNhFxyUiYwjT+ 37Ua25xavO37jrxm3/WYUA== 0000928816-09-000440.txt : 20090429 0000928816-09-000440.hdr.sgml : 20090429 20090429131350 ACCESSION NUMBER: 0000928816-09-000440 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090228 FILED AS OF DATE: 20090429 DATE AS OF CHANGE: 20090429 EFFECTIVENESS DATE: 20090429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND/MA/ CENTRAL INDEX KEY: 0000792288 IRS NUMBER: 046626127 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04518 FILM NUMBER: 09778297 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND /MA/ DATE OF NAME CHANGE: 19920609 0000792288 S000006210 PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND C000017118 Class C Shares C000017119 Class M Shares C000017120 Class A Shares PXMAX C000017121 Class B Shares PMABX C000060571 CLASS Y N-Q 1 a_mataxexemptincome.htm PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND a_mataxexemptincome.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT 
INVESTMENT COMPANY
 
Investment Company Act file number: (811-04518)   
 
Exact name of registrant as specified in charter:  Putnam Massachusetts Tax Exempt Income Fund 
 
Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109 
 
Name and address of agent for service:  Beth S. Mazor, Vice President 
  One Post Office Square 
  Boston, Massachusetts 02109 
 
Copy to:  John W. Gerstmayr, Esq. 
  Ropes & Gray LLP 
  One International Place 
  Boston, Massachusetts 02110 
 
Registrant’s telephone number, including area code:  (617) 292-1000   
 
Date of fiscal year end: May 31, 2009     
 
Date of reporting period: February 28, 2009     

Item 1. Schedule of Investments:


Putnam Massachusetts Tax Exempt Income Fund
The fund's portfolio
2/28/09 (Unaudited)

Key to abbreviations
AGO -- Assured Guaranty, Ltd.
AMBAC -- AMBAC Indemnity Corporation
Cmnwlth. of PR Gtd. -- Commonwealth of Puerto Rico Guaranteed
FGIC -- Financial Guaranty Insurance Company
FHLMC Coll. -- Federal Home Loan Mortgage Corporation Collateralized
FNMA Coll. -- Federal National Mortgage Association Collateralized
FRB -- Floating Rate Bonds
FRN -- Floating Rate Notes
FSA -- Financial Security Assurance
GNMA Coll. -- Government National Mortgage Association Collateralized
G.O. Bonds -- General Obligation Bonds
NATL -- National Public Finance Guarantee Corp.
VRDN -- Variable Rate Demand Notes
XLCA -- XL Capital Assurance

MUNICIPAL BONDS AND NOTES (99.1%)(a)       
    Principal   
  Rating(RAT)  amount  Value 

Guam (0.6%)       
Territory of GU, Econ. Dev. & Comm. Auth. Rev. Bonds       
(Tobacco Settlement)       
5 5/8s, 6/1/47  BBB+/F  $500,000  $320,540 
5 1/4s, 6/1/32  BBB+/F  1,630,000  1,147,960 
      1,468,500 

 
Massachusetts (90.9%)       
Boston, Indl. Dev. Fin. Auth. Rev. Bonds (Springhouse,       
Inc.), 6s, 7/1/28  BB-/P  2,150,000  1,514,030 
Boston, Indl. Dev. Fin. Auth. Swr. Fac. Rev. Bonds       
(Harbor Elec. Energy Co.), 7 3/8s, 5/15/15  Aa3  4,165,000  4,164,625 
Boston, Wtr. & Swr. Comm. Rev. Bonds, Ser. A, 5 3/4s,       
11/1/13  Aa2  6,350,000  6,861,299 
Framingham, Hsg. Auth. Rev. Bonds (Beaver Terrace),       
Ser. A, GNMA Coll., 6.35s, 2/20/32  AAA  2,100,000  2,192,421 
Lowell, G.O. Bonds, Ser. A, XLCA, 5s, 9/15/22  Aa3  1,750,000  1,809,850 
MA Bay Trans. Auth. Sales Tax Rev. Bonds, Ser. C,       
5 1/2s, 7/1/16  AAA  2,975,000  3,509,994 
MA State G.O. Bonds (Construction Loan), Ser. A, 5s,       
8/1/27  Aa2  2,000,000  2,052,760 
MA State Rev. Bonds (Single Fam.), Ser. 134, 5.45s,       
12/1/28  Aa2  3,190,000  3,158,132 
MA State VRDN (Central Artery), Ser. B, 0.48s, 12/1/30  VMIG1  2,100,000  2,100,000 
MA State College Bldg. Auth. Rev. Bonds       
Ser. B, NATL, 7s, 5/1/16  Aa2  1,340,000  1,669,211 
Ser. B, XLCA, 5 1/2s, 5/1/28  A1  4,000,000  4,270,000 
Ser. A, AGO, 5s, 5/1/28  AAA  2,270,000  2,293,109 
MA State Dev. Fin. Agcy. Rev. Bonds       
(Lasell College), 6 3/4s, 7/1/31  BB+/P  85,000  82,841 
(Lasell College), 6 3/4s, 7/1/31 (Prerefunded)  BB+/P  1,305,000  1,479,661 
(MA Biomedical Research), Ser. C, 6 1/8s, 8/1/12  Aa3  1,950,000  2,068,248 
(MA Biomedical Research), Ser. C, 5 7/8s, 8/1/10  Aa3  1,830,000  1,917,236 
(Linden Ponds, Inc. Fac.), Ser. A, 5 3/4s, 11/15/42  BB/P  1,000,000  549,410 
(WGBH Edl. Foundation), Ser. A, AMBAC, 5 3/4s, 1/1/42  A  5,000,000  4,714,850 
(Linden Ponds, Inc.), Ser. A, 5 3/4s, 11/15/35  BB/P  600,000  340,806 
(Boston Biomedical Research), 5 3/4s, 2/1/29  Baa3  1,750,000  1,271,848 
(Hampshire College), 5.7s, 10/1/34  Baa2  1,315,000  978,649 
(Hampshire College), 5 5/8s, 10/1/24  Baa2  1,000,000  865,660 
(New England Conservatory of Music), 5 1/4s, 7/1/38  Baa1  3,000,000  2,251,470 
(Simmons College), Ser. H, XLCA, 5 1/4s, 10/1/33  A3  1,000,000  747,270 
(Wheelock College), Ser. C, 5 1/4s, 10/1/29  BBB  1,100,000  889,647 
(Middlesex School), 5 1/8s, 9/1/23  A1  1,000,000  1,017,310 
(MA College Pharmacy Allied), Ser. E, AGO, 5s, 7/1/31  AAA  2,000,000  1,978,640 
(Mount Holyoke College), 5s, 7/1/28  Aa3  3,000,000  3,004,230 
(Holy Cross College), Ser. B, 5s, 9/1/25  Aa3  1,500,000  1,534,140 
(First Mtge. - Orchard Cove), 5s, 10/1/19  BB-  550,000  400,961 
(First Mtge. - Orchard Cove), 5s, 10/1/18  BB-  515,000  402,467 
(WGBH Edl. Foundation), Ser. B, AGO, zero %, 1/1/29  AAA  2,000,000  692,760 
(WGBH Edl. Foundation), Ser. B, AGO, zero %, 1/1/28  AAA  2,000,000  741,620 
MA State Dev. Fin. Agcy. VRDN (Boston U.), Ser. U-6A,       
0.45s, 10/1/42  VMIG1  3,700,000  3,700,000 
MA State Dev. Fin. Agcy. Higher Ed. Rev. Bonds       
(Emerson College), Ser. A       
5s, 1/1/19  A-  1,200,000  1,179,816 
5s, 1/1/18  A-  580,000  579,142 
MA State Edl. Fin. Auth. Rev. Bonds, Ser. E, AMBAC,       
5s, 1/1/13  AA  3,625,000  3,559,460 
MA State Hlth. & Edl. Fac. Auth. FRN, NATL, 7.997s,       
7/1/18  AA  9,000,000  8,999,100 
MA State Hlth. & Edl. Fac. Auth. Rev. Bonds       
(Winchester Hosp.), Ser. E, 6 3/4s, 7/1/30       
(Prerefunded)  BBB+/F  2,890,000  3,083,890 
(Quincy Med. Ctr.), Ser. A, 6 1/2s, 1/15/38  BB-/P  1,000,000  679,570 
(UMass Memorial), Ser. C, 6 1/2s, 7/1/21  Baa2  3,125,000  2,928,469 
(Berkshire Hlth. Syst.), Ser. E, 6 1/4s, 10/1/31  BBB+  1,300,000  1,116,830 
(Harvard U.), Ser. N, 6 1/4s, 4/1/20  Aaa  5,000,000  6,326,950 
(Learning Ctr. for Deaf Children), Ser. C, 6 1/8s,       


7/1/29  Ba2  1,000,000  746,410 
(Hlth. Care Syst.-Covenant Hlth.), 6s, 7/1/31  A  2,370,000  2,151,296 
(Partners Hlth. Care Syst.), Ser. C, 6s, 7/1/15  Aa2  2,100,000  2,214,261 
(Partners Hlth. Care Syst.), Ser. C, 6s, 7/1/14  Aa2  1,460,000  1,546,461 
(Partners Hlth. Care Syst.), Ser. C, 5 3/4s, 7/1/32  Aa2  150,000  149,034 
(Baystate Med. Ctr.), Ser. F, 5.7s, 7/1/27  A1  2,160,000  2,083,709 
(Caritas Christian Oblig. Group), Ser. A, 5 5/8s,       
7/1/20  BBB  1,995,000  1,747,221 
(Harvard U.), Ser. A, 5 1/2s, 11/15/36  Aaa  1,460,000  1,547,688 
(Cape Cod Hlth. Care), Ser. B, 5.45s, 11/15/23  BBB-  2,600,000  1,946,516 
(Milton Hosp.), Ser. D, 5 3/8s, 7/1/35  BB-  2,065,000  1,290,790 
(Jordan Hosp.), Ser. D, 5 3/8s, 10/1/28  BB-  3,000,000  2,031,810 
(Care Group), Ser. B-1, NATL, 5 3/8s, 2/1/27  A3  1,030,000  852,274 
(Care Group), Ser. B-2, NATL, 5 3/8s, 2/1/27  A3  1,000,000  827,450 
(Boston College), Ser. K, 5 3/8s, 6/1/14  Aa3  4,250,000  4,775,470 
(Lesley U.), Ser. A, AGO, 5 1/4s, 7/1/39  AAA  1,000,000  971,850 
(Dana-Farber Cancer Inst.), Ser. K, 5 1/4s, 12/1/27  A1  2,500,000  2,444,400 
(MA Inst. of Tech.), Ser. I-1, 5.2s, 1/1/28  Aaa  10,000,000  10,881,800 
(Fisher College), Ser. A, 5 1/8s, 4/1/37  BBB-  755,000  486,386 
(Harvard U.), Ser. B, 5s, 10/1/38  Aaa  500,000  509,055 
(MA Inst. of Tech.), Ser. A, 5s, 7/1/38  Aaa  500,000  508,825 
(Milford Regl. Med.), Ser. E, 5s, 7/15/37  Baa3  850,000  517,727 
(Sterling & Francine Clark), Ser. A, 5s, 7/1/36  Aa2  2,000,000  1,985,120 
(Simmons College), Ser. F, FGIC, 5s, 10/1/33       
(Prerefunded)  A3  5,245,000  5,929,577 
(Milford Regl. Med.), Ser. E, 5s, 7/15/32  Baa3  750,000  474,570 
(Northeastern U.), Ser. R, 5s, 10/1/26  A2  1,165,000  1,158,220 
(Worcester City Campus Corp.), Ser. E, FGIC, NATL, 5s,       
10/1/26  AA-  2,000,000  2,035,240 
(Fisher College), Ser. A, 5s, 4/1/22  BBB-  1,110,000  844,421 
(Wellesley College), 5s, 7/1/17  Aaa  1,000,000  1,082,210 
(Worcester City Campus Corp.), Ser. F, FGIC, NATL,       
4 1/2s, 10/1/25  AA-  2,735,000  2,595,789 
MA State Hlth. & Edl. Fac. Auth. VRDN       
(Northeastern U.), Ser. U, 0.38s, 10/1/22  VMIG1  4,500,000  4,500,000 
(Museum of Fine Arts), Ser. A2, 0.4s, 12/1/37  VMIG1  1,500,000  1,500,000 
(Harvard U.), Ser. R, 0.30s, 11/1/49  VMIG1  4,200,000  4,200,000 
MA State Hsg. Fin. Agcy. FRB (Single Fam. Hsg.), Ser.       
126, 4.7s, 6/1/38  Aa2  2,000,000  1,597,100 
MA State Hsg. Fin. Agcy. Rev. Bonds       
(Single Fam.), Ser. 139, 5 1/8s, 12/1/28  Aa2  1,000,000  987,090 
(Single Fam. Mtge.), Ser. 86, 5.1s, 12/1/21  Aa2  135,000  133,248 
MA State Indl. Fin. Agcy. Rev. Bonds       
(1st Mtge. Stone Institution & Newton), 7.9s, 1/1/24  BB-/P  1,500,000  1,311,945 
(American Hingham, Wtr. Treatment), 6 3/4s, 12/1/25  BBB+/P  4,520,000  3,909,710 
(1st Mtge. Berkshire Retirement), Ser. A, 6 5/8s,       
7/1/16  BBB-  3,850,000  3,572,261 
MA State Port Auth. Rev. Bonds       
Ser. A, NATL, 5s, 7/1/33  Aa3  2,400,000  2,321,136 
Ser. C, FSA, 5s, 7/1/27  AAA  5,000,000  4,173,300 
Ser. A, AMBAC, 5s, 7/1/26  Aa3  3,000,000  3,065,010 
MA State Port Auth. Special Fac. Rev. Bonds (BOSFUEL),       
FGIC, NATL, 5s, 7/1/27  AA-  2,500,000  2,073,625 
MA State School Bldg. Auth. Dedicated Sales Tax Rev.       
Bonds, Ser. A, FSA       
5s, 8/15/26  AAA  6,000,000  6,135,780 
5s, 8/15/23  AAA  5,000,000  5,232,400 
5s, 8/15/20  AAA  5,000,000  5,393,500 
5s, 8/15/17  AAA  5,000,000  5,594,600 
MA State Special Oblig. Dedicated Tax Rev. Bonds,       
FGIC, FHLMC Coll., FNMA Coll.       
5 1/4s, 1/1/22 (Prerefunded)  A2  2,000,000  2,223,460 
5 1/4s, 1/1/20 (Prerefunded)  A2  3,000,000  3,335,190 
MA State Wtr. Poll. Abatement Trust Rev. Bonds       
Ser. 5, 5 3/8s, 8/1/27  Aaa  4,490,000  4,534,900 
Ser. 13, 5s, 8/1/26  Aaa  1,000,000  1,033,930 
Ser. 12, 5s, 8/1/20  Aaa  2,645,000  2,878,448 
MA State Wtr. Resource Auth. Rev. Bonds, Ser. A       
6 1/2s, 7/15/19 (Prerefunded)  AA+  5,500,000  6,730,075 
NATL, 5s, 8/1/29  AA+  4,000,000  4,024,280 
NATL, 5s, 8/1/29  AA+  3,225,000  3,253,509 
NATL, 5s, 8/1/27  AA+  1,500,000  1,529,850 
Milford, G.O. Bonds, FSA, 5 1/8s, 12/15/24  Aa3  2,475,000  2,609,888 
Norwell, G.O. Bonds, AMBAC, 5s, 2/15/25  AA+  1,000,000  997,790 
U. MA Bldg. Auth. Rev. Bonds, Ser. 04-1, AMBAC       
5 3/8s, 11/1/16 (Prerefunded)  A+  790,000  919,995 
5 3/8s, 11/1/16  A+  210,000  235,538 
      242,021,520 

 
Puerto Rico (7.6%)       
Children's Trust Fund Tobacco Settlement Rev. Bonds,       
5 3/8s, 5/15/33  BBB  2,225,000  1,650,461 
Cmnwlth. of PR, G.O. Bonds       
FGIC, 5 1/2s, 7/1/14  Baa3  500,000  491,980 
(Pub. Impt.), Ser. A, 5s, 7/1/13  Baa3  1,395,000  1,346,747 
Cmnwlth. of PR, Aqueduct & Swr. Auth. Rev. Bonds, Ser.       
A       
6s, 7/1/44  Baa3  4,250,000  3,806,980 
AGO, 5s, 7/1/28  AAA  1,250,000  1,210,775 
Cmnwlth. of PR, Elec. Pwr. Auth. Rev. Bonds       
Ser. WW, 5 1/4s, 7/1/25  A3  1,350,000  1,238,342 
Ser. SS, NATL, 5s, 7/1/15  AA-  1,610,000  1,547,790 
Cmnwlth. of PR, Govt. Dev. Bank Rev. Bonds, Ser. B,       
5s, 12/1/15  BBB  500,000  467,545 


Cmnwlth. of PR, Hwy. & Trans. Auth. Rev. Bonds, Ser.       
I, FGIC, 5s, 7/1/25  BBB  3,000,000  2,597,820 
Cmnwlth. of PR, Pub. Bldg. Auth. Mandatory Put Bonds       
(Govt. Fac.), Ser. M-2, 5 3/4s, 7/1/17  Baa3  1,500,000  1,393,755 
Cmnwlth. of PR, Pub. Bldg. Auth. Rev. Bonds (Govt.       
Fac.)       
Ser. N, Cmnwlth. of PR Gtd., 5 1/2s, 7/1/21  Baa3  3,250,000  3,026,660 
Ser. I, Cmnwlth. of PR Gtd., 5 1/4s, 7/1/29  Baa3  685,000  583,791 
Ser. I, Cmnwlth. of PR Gtd., 5 1/4s, 7/1/29       
(Prerefunded)  Baa3  815,000  910,542 
      20,273,188 
 
 
TOTAL INVESTMENTS       

Total investments (cost $270,533,834) (b)      $263,763,208 


NOTES

(a) Percentages indicated are based on net assets of $266,137,216.

(RAT) The Moody's, Standard & Poor's or Fitch ratings indicated are believed to be the most recent ratings available at February 28, 2009 for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at February 28, 2009. Securities rated by Putnam are indicated by "/P." Securities rated by Fitch are indicated by "/F." The rating of an insured security represents what is believed to be the most recent rating of the insurer's claims-paying ability available at February 28, 2009 and does not reflect any subsequent changes. Security ratings are defined in the Statement of Additional Information.

(b) The aggregate identified cost on a tax basis is $270,533,834, resulting in gross unrealized appreciation and depreciation of $8,153,396 and $14,924,022, respectively, or net unrealized depreciation of $6,770,626.

The rates shown on Mandatory Put Bonds, VRDN, FRB and FRN are the current interest rates at February 28, 2009.

The dates shown on Mandatory Put Bonds are the next mandatory put dates.

The dates shown on debt obligations other than Mandatory Put Bonds are the original maturity dates.

The fund had the following sector concentrations greater than 10% at February 28, 2009 (as a percentage of net assets):

Education  28.5% 
Health care  17.0 
Utilities and power  16.5 

The fund had the following insurance concentrations greater than 10% at February 28, 2009 (as a percentage of net assets):

NATL  11.9% 
FSA  10.9 

Security valuation Tax-exempt bonds and notes are generally valued on the basis of valuations provided by an independent pricing service approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security at a given point in time and does not reflect an actual market price, which may be different by a material amount.

In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). SFAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. While the adoption of SFAS 157 does not have a material effect on the fund’s net asset value, it does require additional disclosures about fair value measurements. The Standard establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows:

Level 1 – Valuations based on quoted prices for identical securities in active markets.

Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3 – Valuations based on inputs that are unobservable and significant to the fair value measurement.

The following is a summary of the inputs used to value the fund’s net assets as of February 28, 2009:

Valuation inputs  Investments in securities  Other financial instruments 

Level 1  $--  $-- 

Level 2  263,763,208  -- 

Level 3  --  -- 

Total  $263,763,208  $-- 


Other financial instruments include futures, written options, TBA sale commitments, swaps and forward contracts which are valued at the unrealized appreciation/(depreciation) on the instrument.

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com


Item 2. Controls and Procedures:

(a) The registrant's principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms.

(b) Changes in internal control over financial reporting: Not applicable

Item 3. Exhibits:

Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Putnam Massachusetts Tax Exempt Income Fund

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: April 29, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):

/s/ Charles E. Porter
Charles E. Porter
Principal Executive Officer
Date: April 29, 2009

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: April 29, 2009


EX-99.CERT 2 b_cert.htm EX-99.CERT b_cert.htm

Certifications

I, Charles E. Porter, the Principal Executive Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements 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 each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer 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 registrants and have:

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 each report is being prepared;

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;

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

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):

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 each registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Charles E. Porter
_____________________________
Date: April 28, 2009
Charles E. Porter
Principal Executive Officer


Certifications

I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements 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 each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer 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 registrants and have:

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 each report is being prepared;

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;

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

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):

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 each registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Steven D. Krichmar
_______________________________
Date: April 28, 2009
Steven D. Krichmar
Principal Financial Officer


Attachment A 
NQ 
Period (s) ended February 28, 2009 
 
 
Putnam High Yield Advantage Fund 
Putnam Equity Income Fund 
Putnam New York Tax Exempt Income Fund 
Putnam Michigan Tax Exempt Income Fund 
Putnam New Jersey Tax Exempt Income Fund 
Putnam Ohio Tax Exempt Income Fund 
Putnam Pennsylvania Tax Exempt Income Fund 
Putnam Minnesota Tax Exempt Income Fund 
Putnam Massachusetts Tax Exempt Income Fund 
Putnam Arizona Tax Exempt Income Fund 
Putnam Asset Allocation: Equity Portfolio 


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