-----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, TNrD6FjmIySv+kQGh/ooo0mdzrTqM+FaR5a/tDKiX069w8HScV8+rfaz0w30c7v4 ALvDib9QXfYsPP2yZkwXLA== 0000928816-04-000975.txt : 20040928 0000928816-04-000975.hdr.sgml : 20040928 20040928112159 ACCESSION NUMBER: 0000928816-04-000975 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040731 FILED AS OF DATE: 20040928 DATE AS OF CHANGE: 20040928 EFFECTIVENESS DATE: 20040928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM CONVERTIBLE INCOME GROWTH TRUST CENTRAL INDEX KEY: 0000081247 IRS NUMBER: 042493360 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02280 FILM NUMBER: 041048673 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND DATE OF NAME CHANGE: 19841212 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 N-Q 1 pci1.txt PUTNAM CONVERTIBLE INCOME-GROWTH TRUST Item 1. Schedule of Investments: - -------------------------------- Putnam Convertible Income-Growth Trust QUARTERLY PORTFOLIO HOLDINGS 7-31-04 [LOGO OMITTED: scales]
Putnam Convertible Income-Growth Trust - ----------------------------------------------------------------------------------------------------------- The fund's portfolio July 31, 2004 (Unaudited) Convertible bonds and notes (50.1%) (a) - ----------------------------------------------------------------------------------------------------------- Principal amount Value - ----------------------------------------------------------------------------------------------------------- Advertising and Marketing Services (1.9%) - ----------------------------------------------------------------------------------------------------------- $5,500,000 Interpublic Group Companies, Inc. 144A cv. notes 4 1/2s, 2023 $7,184,375 6,700,000 Lamar Advertising Co. cv. sr. notes 2 7/8s, 2010 7,026,625 ------------- 14,211,000 Biotechnology (3.7%) - ----------------------------------------------------------------------------------------------------------- 10,300,000 Amgen, Inc. cv. Liquid Yield Option Notes (LYON) zero %, 2032 7,596,250 2,500,000 Amylin Pharmaceuticals, Inc. 144A cv. sr. notes 2 1/2s, 2011 2,350,000 3,700,000 Amylin Pharmaceuticals, Inc. 144A cv. sr. notes 2 1/4s, 2008 3,533,500 600,000 Celgene Corp. cv. sr. notes 1 3/4s, 2008 783,000 6,600,000 Celgene Corp. 144A cv. sr. notes 1 3/4s, 2008 8,613,000 5,350,000 MGI Pharma, Inc. 144A cv. sr. sub. notes stepped-coupon 1.682s (zero %, 3/2/11) 2024 (STP) 4,387,000 ------------- 27,262,750 Broadcasting (1.2%) - ----------------------------------------------------------------------------------------------------------- 10,400,000 Liberty Media Corp. cv. sr. notes 3 1/2s, 2031 8,983,000 Building Materials (1.8%) - ----------------------------------------------------------------------------------------------------------- 29,100,000 Masco Corp. cv. sr. notes zero %, 2031 13,204,125 Coal (0.5%) - ----------------------------------------------------------------------------------------------------------- 3,800,000 Massey Energy Co. 144A cv. sr. notes 2 1/4s, 2024 4,137,250 Communications Equipment (1.4%) - ----------------------------------------------------------------------------------------------------------- 4,300,000 Comtech Telecommunications 144A cv. sr. notes stepped-coupon 2s (zero %, 2/1/11) 2024 (STP) 3,499,125 5,500,000 Lucent Technologies, Inc. cv. debs. Ser. A, 2 3/4s, 2023 6,668,750 ------------- 10,167,875 Computers (1.8%) - ----------------------------------------------------------------------------------------------------------- 21,000,000 Anixter International, Inc. 144A cv. LYON zero %, 2033 10,578,750 2,900,000 MSC Software Corp. 144A cv. notes 2 1/2s, 2008 3,099,375 ------------- 13,678,125 Conglomerates (2.4%) - ----------------------------------------------------------------------------------------------------------- 4,000,000 Tyco International Group SA cv. company guaranty Ser. A, 2 3/4s, 2018 (Luxembourg) 5,680,000 8,900,000 Tyco International Group SA 144A cv. company guaranty 2 3/4s, 2018 (Luxembourg) 12,638,000 ------------- 18,318,000 Consumer Finance (1.9%) - ----------------------------------------------------------------------------------------------------------- 11,600,000 Providian Financial Corp. cv. notes 4s, 2008 14,326,000 Electric Utilities (2.1%) - ----------------------------------------------------------------------------------------------------------- 327,500 CenterPoint Energy, Inc. cv. sub notes FRN 2s, 2029 10,643,750 2,425,000 Sierra Pacific Resources 144A cv. notes 7 1/4s, 2010 4,950,031 ------------- 15,593,781 Electronics (3.4%) - ----------------------------------------------------------------------------------------------------------- 5,900,000 Micron Technology, Inc. cv. sr. sub. notes 2 1/2s, 2010 7,736,375 4,000,000 Solectron Corp. 144A cv. sr. notes 1/2s, 2034 3,455,000 1,400,000 Vishay Intertechnology, Inc. cv. sub. notes 3 5/8s, 2023 1,578,500 11,000,000 Vishay Intertechnology, Inc. 144A cv. sub. notes 3 5/8s, 2023 12,402,500 ------------- 25,172,375 Energy (1.0%) - ----------------------------------------------------------------------------------------------------------- 7,100,000 Halliburton Co. cv. sr. notes 3 1/8s, 2023 7,810,000 Entertainment (1.6%) - ----------------------------------------------------------------------------------------------------------- 9,500,000 Regal Entertainment Group 144A cv. notes 3 3/4s, 2008 11,851,250 Financial (0.4%) - ----------------------------------------------------------------------------------------------------------- 3,000,000 Ocwen Financial Corp. 144A cv. sr. notes 3 1/4s, 2024 3,037,500 Food (1.1%) - ----------------------------------------------------------------------------------------------------------- 3,775,000 General Mills, Inc. cv. sr. notes zero %, 2022 2,647,219 7,400,000 General Mills, Inc. 144A cv. bonds zero %, 2022 5,189,250 ------------- 7,836,469 Health Care Services (1.8%) - ----------------------------------------------------------------------------------------------------------- 2,800,000 Manor Care, Inc. cv. company guaranty 2 5/8s, 2023 3,328,500 3,500,000 Manor Care, Inc. 144A cv. sr. notes 2 1/8s, 2023 4,160,625 2,000,000 Per-Se Technologies, Inc. 144A cv. notes 3 1/4s, 2024 2,140,000 6,400,000 Universal Health Services, Inc. cv. debs. 0.426s, 2020 3,776,000 ------------- 13,405,125 Homebuilding (0.8%) - ----------------------------------------------------------------------------------------------------------- 4,000,000 Fleetwood Enterprises, Inc. 144A cv. sub. notes 5s, 2023 5,655,000 Insurance (0.6%) - ----------------------------------------------------------------------------------------------------------- 4,000,000 Leucadia National Corp. 144A cv. sr. sub. notes 3 3/4s, 2014 4,120,000 Investment Banking/Brokerage (1.1%) - ----------------------------------------------------------------------------------------------------------- 2,900,000 Legg Mason, Inc. cv. LYON zero %, 2031 1,837,875 9,783,000 Legg Mason, Inc. 144A cv. LYON zero %, 2031 6,199,976 ------------- 8,037,851 Lodging/Tourism (1.1%) - ----------------------------------------------------------------------------------------------------------- 7,500,000 Hilton Hotels Corp. 144A cv. notes 3 3/8s, 2023 8,034,375 Machinery (0.6%) - ----------------------------------------------------------------------------------------------------------- 3,800,000 Kaydon Corp. 144A cv. notes 4s, 2023 4,427,000 Manufacturing (1.6%) - ----------------------------------------------------------------------------------------------------------- 9,000,000 Roper Industries, Inc. cv. bonds stepped-coupon 1.481s (zero %, 1/15/09) 2034 (STP) 4,016,250 7,930,000 Titan International, Inc. 144A cv. sr. notes 5 1/4s, 2009 8,133,008 ------------- 12,149,258 Medical Technology (1.5%) - ----------------------------------------------------------------------------------------------------------- 3,650,000 Cytyc Corp. 144A cv. sr. notes 2 1/4s, 2024 4,019,563 3,800,000 Epix Medical, Inc. 144A cv. sr. notes 3s, 2024 3,353,500 2,600,000 Serologicals Corp. 144A cv. notes 4 3/4s, 2033 3,997,500 ------------- 11,370,563 Metals (1.0%) - ----------------------------------------------------------------------------------------------------------- 4,600,000 Coeur D'alene Mines Corp. cv. sr. notes 1 1/4s, 2024 3,507,500 3,000,000 McMoran Exploration Co. 144A cv. notes 6s, 2008 3,986,250 ------------- 7,493,750 Pharmaceuticals (2.7%) - ----------------------------------------------------------------------------------------------------------- 800,000 Allergan, Inc. cv. sr. notes zero %, 2022 752,000 4,500,000 Allergan, Inc. 144A cv. sr. notes zero %, 2022 4,230,000 11,600,000 Alza Corp. cv. sub. debs. zero %, 2020 8,859,500 6,000,000 King Pharmaceuticals, Inc. cv. sr. notes FRN 2 3/4s, 2021 5,857,500 ------------- 19,699,000 Restaurants (1.0%) - ----------------------------------------------------------------------------------------------------------- 3,900,000 CKE Restaurants, Inc. 144A cv. sub. notes 4s, 2023 7,088,250 Retail (4.1%) - ----------------------------------------------------------------------------------------------------------- 5,500,000 Dick's Sporting Goods, Inc. 144A cv. sr. notes stepped-coupon 1.606s (zero %, 2/18/09) 2024 (STP) 4,035,625 2,800,000 JC Penney Co., Inc. cv. sub. notes 5s, 2008 3,962,000 8,200,000 Lowe's Cos., Inc. cv. LYON zero %, 2021 6,631,750 7,510,000 Rite Aid Corp. cv. notes 4 3/4s, 2006 7,904,275 3,700,000 TJX Companies, Inc. (The) cv. LYON zero %, 2021 3,145,000 5,200,000 TJX Companies, Inc. (The) 144A cv. LYON zero % 2021 4,420,000 ------------- 30,098,650 Software (1.0%) - ----------------------------------------------------------------------------------------------------------- 6,282,000 Computer Associates International, Inc. 144A cv. sr. notes 5s, 2007 7,318,530 Technology Services (3.6%) - ----------------------------------------------------------------------------------------------------------- 7,300,000 DST Systems, Inc. 144A cv. sr. notes Ser. A, 4 1/8s, 2023 8,906,000 7,500,000 Fair, Isaac and Co., Inc. 144A cv. notes 1 1/2s, 2023 7,284,375 3,000,000 Mercury Computer Systems, Inc. 144A cv. sr. notes 2s, 2024 3,123,750 10,500,000 Safeguard Scientifics, Inc. 144A cv. sr. notes 2 5/8s, 2024 7,402,500 ------------- 26,716,625 Telecommunications (0.9%) - ----------------------------------------------------------------------------------------------------------- 4,000,000 NII Holdings, Inc. 144A cv. sr. notes 2 7/8s, 2034 4,185,000 3,700,000 Primus Telecommunications GP 144A cv. notes 3 3/4s, 2010 2,243,125 ------------- 6,428,125 Tire & Rubber (0.5%) - ----------------------------------------------------------------------------------------------------------- 3,212,000 Goodyear Tire & Rubber Co. (The) 144A cv. bonds 4s, 2034 3,725,920 ------------- Total Convertible bonds and notes (cost $341,424,527) $371,357,522 Convertible preferred stocks (44.0%) (a) - ----------------------------------------------------------------------------------------------------------- Number of shares Value - ----------------------------------------------------------------------------------------------------------- Aerospace and Defense (3.2%) - ----------------------------------------------------------------------------------------------------------- 181,500 Northrop Grumman Corp. Ser. B, $7.00 cum. cv. pfd. $23,413,500 Automotive (1.5%) - ----------------------------------------------------------------------------------------------------------- 210,800 Ford Motor Company Capital Trust II $3.25 cum. cv. pfd. 11,225,100 Banking (3.1%) - ----------------------------------------------------------------------------------------------------------- 67,800 Commerce Capital Trust II $2.975 cum. cv. pfd. 3,788,325 75,950 State Street Corp. 6.75% cv. pfd. 15,448,230 68,400 Washington Mutual Capital Trust I $2.688 cum. cv. pfd. 3,656,938 ------------- 22,893,493 Beverage (1.2%) - ----------------------------------------------------------------------------------------------------------- 270,100 Constellation Brands, Inc. Ser. A, $1.438 cv. pfd. (S) 8,879,538 Broadcasting (1.9%) - ----------------------------------------------------------------------------------------------------------- 7,400 Radio One, Inc. 6.50% cum. cv. pfd. 7,567,891 160,200 Sinclair Broadcast Group, Inc. Ser. D, $3.00 cv. pfd. 6,668,325 ------------- 14,236,216 Building Materials (1.1%) - ----------------------------------------------------------------------------------------------------------- 179,300 TXI Capital Trust I $2.75 cv. pfd. 8,494,338 Coal (0.6%) - ----------------------------------------------------------------------------------------------------------- 47,000 Arch Coal, Inc. $2.50 cum. cv. pfd. 4,106,625 Combined Utilities (0.8%) - ----------------------------------------------------------------------------------------------------------- 84,630 Williams Cos., Inc. (The) 144A $2.75 cv. pfd. 6,051,045 Containers (0.5%) - ----------------------------------------------------------------------------------------------------------- 116,300 Owens-Illinois, Inc. $2.375 cv. pfd. 3,939,663 Electric Utilities (4.9%) - ----------------------------------------------------------------------------------------------------------- 144,500 Cinergy Corp. $4.75 cv. pfd. 8,724,188 136,900 Dominion Resources, Inc. $4.75 cv. pfd. 7,461,050 148,000 FPL Group, Inc. $4.25 units cv. pfd. 8,417,500 300,000 Great Plains Energy, Inc. $2.00 cum. cv. pfd. 7,350,000 105,400 Sierra Pacific Resources $4.50 units cum. cv. pfd. (S) 4,075,818 ------------- 36,028,556 Electronics (0.4%) - ----------------------------------------------------------------------------------------------------------- 221,000 Solectron Corp. $1.813 units cv. pfd. 3,287,375 Energy (0.5%) - ----------------------------------------------------------------------------------------------------------- 80,920 Hanover Compressor Capital Trust $3.625 cv. pfd. 3,863,930 Financial (1.0%) - ----------------------------------------------------------------------------------------------------------- 273,200 PMI Group, Inc. (The) $1.469 cv. pfd. 7,205,650 Forest Products and Packaging (1.1%) - ----------------------------------------------------------------------------------------------------------- 326,900 Smurfit-Stone Container Corp. Ser. A, $1.75 cum. cv. pfd. 7,927,325 Health Care Services (0.8%) - ----------------------------------------------------------------------------------------------------------- 128,200 Omnicare, Inc. $2.00 cv. pfd. 6,153,600 Insurance (5.8%) - ----------------------------------------------------------------------------------------------------------- 407,600 Chubb Corp. (The) $1.75 cv. pfd. 11,310,900 160,000 Conseco, Inc. $1.38 cum. cv. pfd. 3,940,000 184,800 Hartford Financial Services Group, Inc. (The) $3.50 cv. pfd. 11,665,500 376,100 Travelers Property Casualty Corp. $1.125 cv. pfd. 8,627,734 316,100 XL Capital, Ltd. $1.625 (Cayman Islands) 7,561,112 ------------- 43,105,246 Medical Technology (1.6%) - ----------------------------------------------------------------------------------------------------------- 225,000 Baxter International, Inc. $3.50 cv. pfd. (S) 11,587,500 Metals (1.0%) - ----------------------------------------------------------------------------------------------------------- 7,985 Freeport-McMoRan Copper & Gold, Inc. 144A 5.50% cv. pfd. 7,301,644 Natural Gas Utilities (2.9%) - ----------------------------------------------------------------------------------------------------------- 268,700 ONEOK, Inc. $2.125 units cv. pfd. 7,488,669 272,600 Sempra Energy $2.125 units cv. pfd. 8,314,300 100,890 Southern Union Co. $2.875 cv. pfd. 6,040,789 ------------- 21,843,758 Oil & Gas (2.9%) - ----------------------------------------------------------------------------------------------------------- 232,000 Amerada Hess Corp. $3.50 cv. pfd. 17,516,000 51,600 Chesapeake Energy Corp. 144A $3.00 cv. pfd. 4,121,550 ------------- 21,637,550 Photography/Imaging (2.7%) - ----------------------------------------------------------------------------------------------------------- 40,640 Xerox Corp. 6.25% cv. pfd. 5,166,360 187,400 Xerox Corp. 144A $3.75 cv. pfd. 14,570,350 ------------- 19,736,710 Railroads (1.0%) - ----------------------------------------------------------------------------------------------------------- 13,000 Kansas City Southern Industries, Inc. 144A $4.25 cum. cv. pfd. 7,455,500 Real Estate (1.1%) - ----------------------------------------------------------------------------------------------------------- 153,800 Host Marriott Financial Trust $3.375 cv. pfd. 7,843,800 Retail (1.0%) - ----------------------------------------------------------------------------------------------------------- 305,500 Albertson's, Inc. $1.813 cv. pfd. 7,897,175 Telecommunications (1.0%) - ----------------------------------------------------------------------------------------------------------- 292,300 CenturyTel, Inc. $1.719 cv. pfd. 7,234,425 Waste Management (0.4%) - ----------------------------------------------------------------------------------------------------------- 55,700 Allied Waste Industries, Inc. $3.125 cum. cv. pfd. 3,006,686 ------------- Total Convertible preferred stocks (cost $304,096,318) $326,355,948 Common stocks (2.9%) (a) - ----------------------------------------------------------------------------------------------------------- Number of shares Value - ----------------------------------------------------------------------------------------------------------- 65,000 Fannie Mae $4,612,400 347,100 King Pharmaceuticals, Inc. (NON) 3,918,759 2,023,487 Service Corp. International (NON) 12,849,139 ------------- Total Common stocks (cost $23,817,889) $21,380,298 Corporate bonds and notes (0.2%) (a) (cost $1,087,519) - ----------------------------------------------------------------------------------------------------------- Principal amount Value - ----------------------------------------------------------------------------------------------------------- $1,429,166 Peregrine Systems, Inc. sr. notes 6 1/2s, 2007 $1,372,000 Short-term investments (2.4%) (a) - ----------------------------------------------------------------------------------------------------------- Principal amount Value - ----------------------------------------------------------------------------------------------------------- $7,880,151 Short-term investments held as collateral for loaned securities with yields ranging from 1.28% to 1.52% and due dates ranging from August 2, 2004 to August 23,2004 (d) $7,877,320 10,119,295 Putnam Prime Money Market Fund (e) 10,119,295 ------------- Total Short-term investments (cost $17,996,615) $17,996,615 - ----------------------------------------------------------------------------------------------------------- Total Investments (cost $688,422,868) (b) $738,462,383 - -----------------------------------------------------------------------------------------------------------
NOTES (a) Percentages indicated are based on net assets of $741,197,788. (b) The aggregate identified cost on a tax basis is $688,827,770, resulting in gross unrealized appreciation and depreciation of $71,552,942 and $21,918,329, respectively, or net unrealized appreciation of $49,634,613. (NON) Non-income-producing security. (S) Securities on loan, in part or in entirety, at July 31, 2004. (STP) The interest rate and date shown parenthetically represent the new interest rate to be paid and the date the fund will begin accruing interest at this rate. (d) The fund may lend securities, through its agents, to qualified borrowers in order to earn additional income. The loans are collateralized by cash and/or securities in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund's agents; the fund will bear the risk of loss with respect to the investment of the cash collateral. Income from securities lending is included in investment income on the statement of operations. At July 31, 2004, the value of securities loaned amounted to $7,794,170. The fund received cash collateral of $7,877,320 which is pooled with collateral of other Putnam funds into 29 issuers of high grade short-term investments. (e) The fund invests in the Putnam Prime Money Market Fund, an open-end management investment company managed by Putnam Investment Management, LLC ("Putnam Management"), the fund's manager, and indirect wholly-owned subsidiary of Putnam, LLC. Management fees paid by the fund are reduced by an amount equal to the management fees paid by Putnam Prime Money Market Fund with respect to assets invested by the fund in Putnam Prime Money Market Fund. Income distributions earned by the fund totaled $18,134 for the period ended July 31, 2004. 144A after the name of a security represents those exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. The rates shown on Floating Rate Notes (FRN) are the current interest rates at July 31, 2004. Security valuation Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets. If no sales are reported -- as in the case of some securities traded over-the-counter -- a security is valued at its last reported bid price. Market quotations are not considered to be readily available for certain debt obligations; such investments are valued at fair value on the basis of valuations furnished by an independent pricing service or dealers, approved by the Trustees. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign securities taking into account multiple factors, including movements in the U.S. securities markets. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. Securities quoted in foreign currencies are translated into U.S. dollars at the current exchange rate. Short-term investments having remaining maturities of 60 days or less are valued at amortized cost, which approximates fair value. Other investments, including restricted securities, are valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees. For additional information regarding the fund please see the fund's most recent annual or semi-annual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov., or visit Putnam Individual Investor Website 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: - ------------------ A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 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. NAME OF REGISTRANT By (Signature and Title): /s/ Michael T. Healy -------------------------- Michael T. Healy Principal Accounting Officer Date: September 28, 2004 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: September 28, 2004 By (Signature and Title): /s/ Steven D. Krichmar --------------------------- Steven D. Krichmar Principal Financial Officer Date: September 28, 2004 EX-99.CERT 2 nqexnn2.txt EX-99.CERT 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 schedule of investments included in each report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which each 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) 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) 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 c) 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 controls 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 controls. /s/ Charles E. Porter Date: September 27, 2004 - ---------------------- ------------------------ 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 schedule of investments included in each report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which each 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) 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) 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 c) 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 controls 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 controls. /s/ Steven D. Krichmar Date: September 27, 2004 - ---------------------- ------------------------ Steven D. Krichmar, Principal Financial Officer Attachment A N-Q July 31, 2004 Funds - ------------------------------------ Quarterly Portfolios 2OV Putnam Mid-Cap Value Fund 002 Putnam Fund for Growth and Income 2II Putnam Capital Opportunities Fund 840 Putnam Utilities Growth and Income Fund 005 Putnam Global Equity Fund 008 Putnam Convertible Income-Growth Trust 2IE Putnam Growth Fund 052 Putnam Managed Municipal Income Trust 183 Putnam Municipal Bond Fund 582 Putnam Municipal Opportunities Trust 004 Putnam Income Fund 072 Putnam Master Income Trust 184 Putnam California Investment Grade Municipal Trust 185 Putnam New York Investment Grade Municipal Trust 2MI Putnam Tax Smart Equity Fund 041 Putnam Global Income Trust -----END PRIVACY-ENHANCED MESSAGE-----