-----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, IFzQ9/Ux3YyuPvKVx9RMLw94hsprVvvedParB1r8TajCAez4tm/Hy+YvXFS6HDQ6 a8rvZH3Lu9ve0xhJSd7lYg== 0000869392-05-000101.txt : 20050728 0000869392-05-000101.hdr.sgml : 20050728 20050728150336 ACCESSION NUMBER: 0000869392-05-000101 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20050531 FILED AS OF DATE: 20050728 DATE AS OF CHANGE: 20050728 EFFECTIVENESS DATE: 20050728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ARIZONA TAX EXEMPT INCOME FUND CENTRAL INDEX KEY: 0000869392 IRS NUMBER: 046665534 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-06258 FILM NUMBER: 05980749 BUSINESS ADDRESS: STREET 1: PUTNAM INVESTMENTS INC STREET 2: ONE POST OFFICE SQUARE MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002251585 MAIL ADDRESS: STREET 1: 2 LIBERTY SQUARE STREET 2: MAIL STOP L6 CITY: BOSTON STATE: MA ZIP: 02109 NSAR-B 1 answer.fil PAGE 1 000 B000000 05/31/2005 000 C000000 0000869392 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 PUTNAM ARIZONA TAX EXEMPT INCOME FUND 001 B000000 811-6258 001 C000000 6172921000 002 A000000 ONE POST OFFICE SQUARE 002 B000000 BOSTON 002 C000000 MA 002 D010000 02109 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 007 C012100 21 007 C012200 22 007 C012300 23 007 C012400 24 007 C012500 25 007 C012600 26 007 C012700 27 007 C012800 28 007 C012900 29 PAGE 2 007 C013000 30 008 A000001 PUTNAM INVESTMENT MANAGEMENT, LLC 008 B000001 A 008 C000001 801-7974 008 D010001 BOSTON 008 D020001 MA 008 D030001 02109 011 A000001 PUTNAM RETAIL MANAGEMENT 011 B000001 8-5088 011 C010001 BOSTON 011 C020001 MA 011 C030001 02109 012 A000001 PUTNAM INVESTOR SERVICES 012 B000001 84-401299 012 C010001 BOSTON 012 C020001 MA 012 C030001 02109 013 A000001 KPMG LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02110 015 A000001 PUTNAM FIDUCIARY TRUST COMPANY 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02109 015 E010001 X 015 A000002 DEUTSCHE BANK TRUST COMPANY AMERICAS 015 B000002 S 015 C010002 JERSEY CITY 015 C020002 NJ 015 C030002 07311 015 E010002 X 015 A000003 BOSTON SAFE DEPOSIT AND TRUST COMPANY 015 B000003 S 015 C010003 PITTSBURGH 015 C020003 PA 015 C030003 15258 015 E010003 X 015 A000004 BROWN BROTHERS HARRIMAN & CO. 015 B000004 S 015 C010004 BOSTON 015 C020004 MA 015 C030004 02109 015 E010004 X 015 A000005 JP MORGAN CHASE BANK 015 B000005 S 015 C010005 NEW YORK 015 C020005 NY 015 C030005 10017 015 E010005 X PAGE 3 015 A000006 CITIGROUP N.A. 015 B000006 S 015 C010006 TAMPA 015 C020006 FL 015 C030006 33610 015 E010006 X 015 A000007 UMB BANK N.A. 015 B000007 S 015 C010007 KANSAS CITY 015 C020007 MO 015 C030007 64106 015 E010007 X 018 000000 Y 019 A000000 Y 019 B000000 108 019 C000000 PUTNAMFUND 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 MORGAN (J.P.) 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000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 E000000 Y 077 Q030000 Y 078 000000 N 080 A000000 NATL UNION FIRE/ACE AMER/QUANTA INDEM/FID&DEP 080 B000000 FEDERAL INSURANCE COMPANY 080 C000000 85000 081 A000000 Y 081 B000000 107 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N PAGE 10 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE MICHAEL T. HEALY TITLE PRINC. ACCT. OFFICER EX-99 2 audltr855.txt Report of Independent Registered Public Accounting Firm The Board of Trustees and Shareholders Putnam Arizona Tax Exempt Income Fund In planning and performing our audits of the financial statements of the Putnam Arizona Tax Exempt Income Fund, for the year ended May 31, 2005, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form NSAR, not to provide assurance on internal control. The management of the Putnam Arizona Tax Exempt Income Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entitys objective of preparing financial statements for external purposes that are fairly presented in conformity with U.S. generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under the standards of the Public Company Accounting Oversight Board (United States). A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities that we consider to be material weaknesses as defined above as of May 31, 2005. This report is intended solely for the information and use of management and the Board of Trustees of the Putnam Arizona Tax Exempt Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP Boston, Massachusetts July 11, 2005 EX-99 3 perclass855.txt AZ Tax Exempt Income, May 31, 2005, annual report Because the electronic format for filing Form N-SAR does not provide adequate space for responding to certain items correctly, the correct answers are as follows: 53A For the period ended May 31, 2005, Putnam Management has assumed $12,042 of legal, shareholder servicing and communication, audit and Trustee fees incurred by the fund in connection with certain legal and regulatory matters. 72DD1 Class A 3,568 Class B 572 72DD2 Class M 51 73A1 Class A 0.3768 Class B 0.3161 74A2 Class M 0.3496 74U1 Class A 9,086 Class B 1,469 74U2 Class M 149 74V1 Class A 9.39 Class B 9.38 74V2 Class M 9.40 EX-99 4 legal77e855.txt Putnam Management has entered into agreements with the Securities and Exchange Commission and the Massachusetts Securities Division settling charges connected with excessive short-term trading by Putnam employees and, in the case of the charges brought by the Massachusetts Securities Division, by participants in some Putnam-administered 401(k) plans. Pursuant to these settlement agreements, Putnam Management will pay a total of $193.5 million in penalties and restitution, with $153.5 million being paid to shareholders and the funds. The restitution amount will be allocated to shareholders pursuant to a plan developed by an independent consultant, following approval of the plan by the SEC and the Massachusetts Securities Division. The Securities and Exchange Commissions and Massachusetts Securities Divisions allegations and related matters also serve as the general basis for numerous lawsuits, including purported class action lawsuits filed against Putnam Management and certain related parties, including certain Putnam funds. Putnam Management will bear any costs incurred by Putnam funds in connection with these lawsuits. Putnam Management believes that the likelihood that the pending private lawsuits and purported class action lawsuits will have a material adverse financial impact on the fund is remote, and the pending actions are not likely to materially affect its ability to provide investment management services to its clients, including the Putnam funds. EX-99 5 shrmtg855.txt Results of November 11, 2004 and January 10, 2005 shareholder meetings (Unaudited) A special meeting of shareholders of the fund was held on November 11, 2004. At that meeting, consideration of certain proposals was adjourned to a final meeting held on January 10, 2005. November 11, 2004 meeting At the meeting, each of the nominees for Trustees was elected, as follows: Votes Votes For Withheld Jameson A. Baxter 7,010,728 176,032 Charles B. Curtis 7,002,535 184,225 Myra R. Drucker 6,972,933 213,827 Charles E. Haldeman, Jr. 6,993,082 193,678 John A. Hill 7,010,728 176,032 Ronald J. Jackson * 7,007,930 178,830 Paul L. Joskow 7,009,978 176,782 Elizabeth T. Kennan 7,004,715 182,045 John H. Mullin, III 7,010,728 176,032 Robert E. Patterson 7,010,728 176,032 George Putnam, III 7,006,413 180,347 A.J.C. Smith ** 7,006,413 180,347 W. Thomas Stephens 7,010,728 176,032 Richard B. Worley 6,972,796 213,964 January 10, 2005 meeting A proposal to amend the funds fundamental investment restriction with respect to borrowing to allow the fund the investment flexibility permitted by the Investment Company Act was approved as follows: Votes Votes For Against Abstentions 4,940,909 400,421 1,845,430 A proposal to amend the funds fundamental investment restriction with respect to making loans to enhance the funds ability to participate in an interfund borrowing and lending program was approved as follows: Votes Votes For Against Abstentions 5,018,239 359,581 1,808,940 A proposal to amend the funds fundamental investment restriction with respect to diversification of investments to enhance the funds ability to invest in registered investment companies such as Putnam Prime Money Market Fund was approved as follows: Votes Votes For Against Abstentions 5,077,199 272,796 1,836,765 A proposal to amend the funds Agreement and Declaration of Trust to permit the fund to satisfy redemption requests other than in cash was defeated as follows: Votes Votes For Against Abstentions 5,100,509 272,699 1,241,660 * Mr. Jackson retired from the Board of Trustees on June 10, 2005. ** Mr. Smith resigned from the Board of Trustees on January 14, 2005. All tabulations are rounded to the nearest whole number. -----END PRIVACY-ENHANCED MESSAGE-----