-----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, JPlR1kVduVKhKybqkefa2iCpxt4XvDVMCDn+Jme36muB/qxRbgl/KsZeiOR5lPVB TW5BwU+4Z6lB7c09aEwP7w== 0000928816-07-000451.txt : 20070328 0000928816-07-000451.hdr.sgml : 20070328 20070328134825 ACCESSION NUMBER: 0000928816-07-000451 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070131 FILED AS OF DATE: 20070328 DATE AS OF CHANGE: 20070328 EFFECTIVENESS DATE: 20070328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000892960 IRS NUMBER: 046716832 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07274 FILM NUMBER: 07723625 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 N-Q 1 a_nyinvgdemunitst.htm PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST

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- 07274 ) 
 
Exact name of registrant as specified in charter:  Putnam New York Investment Grade Municipal 
Trust     
 
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: April 30, 2007

Date of reporting period: January 31, 2007

Item 1. Schedule of Investments:


Putnam New York Investment Grade Municipal Trust       

 
The fund's portfolio       
1/31/07 (Unaudited)       
 
 
Key to abbreviations       
AMBAC -- AMBAC Indemnity Corporation       
FGIC -- Financial Guaranty Insurance Company       
FRN -- Floating Rate Notes       
FSA -- Financial Security Assurance       
G.O. Bonds -- General Obligation Bonds       
MBIA -- MBIA Insurance Company       
U.S. Govt. Coll. -- U.S. Government Collateralized       
VRDN -- Variable Rate Demand Notes       
XLCA -- XL Capital Assurance       

 
MUNICIPAL BONDS AND NOTES (97.5%)(a)       
    Principal   
  Rating(RAT)  amount  Value 

New York (93.1%)       
Albany Cnty., Indl. Dev. Agcy. Rev. Bonds (Albany       
College of Pharmacy), Ser. A, 5 3/8s, 12/1/24  BBB-  $300,000  $314,508 
Albany, Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Charitable Leadership), Ser. A , 6s, 7/1/19  Baa3  250,000  263,965 
Chemung Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Arnot Ogden Med. Ctr.), 5s, 11/1/34  A3  500,000  512,025 
Dutchess Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Bard College), 5 3/4s, 8/1/30  A3  700,000  748,923 
Geneva, Indl. Dev. Agcy. Rev. Bonds (Hobart & William       
Smith), Ser. A, 5 3/8s, 2/1/33  A  500,000  531,095 
Hempstead, Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Hofstra U.), 5 1/4s, 7/1/16  A  395,000  415,350 
Hudson Yards, Infrastructure Corp. Rev. Bonds, Ser. A       
5s, 2/15/47  A  250,000  261,228 
MBIA, 4 1/2s, 2/15/47  Aaa  100,000  98,537 
Long Island, Pwr. Auth. NY Elec. Syst. Rev. Bonds,       
Ser. A       
5 1/4s, 12/1/26 (Prerefunded)  AAA  750,000  772,755 
AMBAC, 5s, 9/1/29 (SEG)  Aaa  2,000,000  2,104,120 
Madison Cnty., Indl. Dev. Agcy. Rev. Bonds (Colgate       
U.), Ser. A, 5s, 7/1/23  Aa3  1,000,000  1,052,520 
Metro. Trans. Auth. Rev. Bonds, Ser. A       
FSA, 5s, 11/15/30  Aaa  1,000,000  1,043,210 
5s, 11/15/22  A2  1,000,000  1,060,250 
Metro. Trans. Auth. Dedicated Tax Rev. Bonds, Ser. B,       
MBIA, 5s, 11/15/25  AAA  600,000  641,106 
Metro. Trans. Auth. Svc. Contract Rev. Bonds       
(Trans. Fac.), Ser. O, 5 3/4s, 7/1/13 (Prerefunded)  AAA  500,000  535,005 
Ser. A , MBIA, 5 1/2s, 1/1/20  Aaa  1,000,000  1,082,330 
Monroe Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Highland Hosp. Rochester), 5s, 8/1/25  Baa1  250,000  256,430 
Nassau Cnty., Tobacco Settlement Corp. Rev. Bonds,       
Ser. A-2, zero %, 6/1/26  BBB  250,000  229,300 
Niagara Cnty., Indl. Dev. Agcy. Rev. Bonds, Ser. C,       
5 5/8s, 11/15/24  Baa2  450,000  476,744 
NY City, G.O. Bonds       
AMBAC, 6.05s, 9/1/11  Aaa  400,000  400,788 
Ser. B, 5 3/4s, 8/1/16  AA-  1,000,000  1,089,590 
Ser. B, U.S. Govt. Coll., 5 1/2s, 12/1/31 (Prerefunded)  AAA  1,000,000  1,078,320 
Ser. G, 5 1/4s, 8/1/16  AA-  625,000  682,056 
Ser. M, 5s, 4/1/24  AA-  500,000  524,885 
Ser. F-1, XLCA, 5s, 9/1/22  Aaa  1,000,000  1,057,800 
Ser. J/J-1, 5s, 6/1/21  AA-  250,000  264,885 
Ser. I-1, 5s, 4/1/19  AA-  125,000  132,725 
NY City, City Transitional Fin. Auth. VRDN (NYC       
Recovery), Ser. 3, 3.7s, 11/1/22  VMIG1  100,000  100,000 
NY City, Hlth. & Hosp. Corp. Rev. Bonds (Hlth. Syst.),       
Ser. A , 5 3/8s, 2/15/26  A2  300,000  311,553 
NY City, Indl. Dev. Agcy. Rev. Bonds       
(Brooklyn Navy Yard Cogen. Partners), 5.65s, 10/1/28  BBB-  750,000  758,288 
(Yankee Stadium - Pilot), FGIC, 5s, 3/1/31  Aaa  250,000  264,410 
(Queens Baseball Stadium - Pilot), AMBAC, 5s, 1/1/21  Aaa  150,000  160,515 
NY City, Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Staten Island U. Hosp.), Ser. A, 6 3/8s, 7/1/31  B2  345,000  359,911 
(Brooklyn Polytech. U. Project J), 6 1/8s, 11/1/30  BB+  150,000  156,455 
(St. Francis College), 5s, 10/1/34  A-  250,000  256,378 
NY City, Indl. Dev. Agcy. Special Arpt. Fac. Rev.       
Bonds (Airis JFK I, LLC), Ser. A, 5 1/2s, 7/1/28  Baa3  700,000  727,664 
NY City, Indl. Dev. Agcy. Special Fac. FRN (Terminal       
One Group Assn.), 5 1/2s, 1/1/17  A3  600,000  650,010 
NY City, Muni. Wtr. & Swr. Fin. Auth. Rev. Bonds, Ser.       
G, FSA, 5s, 6/15/34  Aaa  500,000  517,175 
NY Cntys., Tobacco Trust II Rev. Bonds (Tobacco       
Settlement), 5 3/4s, 6/1/43  BBB  1,000,000  1,048,750 
NY Cntys., Tobacco Trust III Rev. Bonds (Tobacco       
Settlement), 6s, 6/1/43  BBB  300,000  324,501 
NY Cntys., Tobacco Trust IV Rev. Bonds, Ser. A, 5s,       
6/1/38  BBB  250,000  252,868 
NY State Dorm. Auth. Rev. Bonds       
(State U. Edl. Fac.), Ser. A, 7 1/2s, 5/15/13  AA-  875,000  1,039,185 
(Mount Sinai Hlth.), Ser. A, 6 1/2s, 7/1/25  BBB  250,000  269,310 


(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27 (Prerefunded)  AA-  45,000  45,925 
(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27  AA-  25,000  25,539 
(Winthrop-U. Hosp. Assn.), Ser. A, 5 1/2s, 7/1/32  Baa1  450,000  474,269 
(North Shore Long Island Jewish Group), 5 3/8s, 5/1/23  A3  600,000  635,262 
(Rochester Inst. of Tech.), Ser. A, AMBAC, 5 1/4s,       
7/1/19  Aaa  150,000  167,102 
(NY Methodist Hosp.), 5 1/4s, 7/1/17  A3  300,000  318,486 
(Lenox Hill Hosp. Oblig. Group), 5 1/4s, 7/1/08  Ba2  250,000  253,570 
(Rochester U.), Ser. A, 5s, 7/1/34  A1  500,000  520,045 
(NYU), Ser. A, FGIC, 5s, 7/1/29  Aaa  1,000,000  1,054,980 
Ser. A, FGIC-TCRS, 5s, 3/15/27 (Prerefunded)  Aaa  1,000,000  1,067,660 
Ser. A, MBIA, 5s, 10/1/25  Aaa  750,000  798,413 
(Dept. of Hlth.), Ser. 2, FGIC, 5s, 7/1/22  Aaa  1,000,000  1,053,680 
(NY U. Hosp. Ctr.), Ser. A, 5s, 7/1/20  Ba2  200,000  206,506 
NY State Dorm. Auth. Lease Rev. Bonds (State U. Dorm.       
Facs.), Ser. A, MBIA, 5s, 7/1/24  Aaa  1,000,000  1,061,950 
NY State Dorm. Auth. Personal Income Tax Rev. Bonds       
(Education), Ser. A, 5s, 3/15/23  AAA  250,000  266,758 
NY State Energy Research & Dev. Auth. Fac. Mandatory       
Put Bonds, 4.7s, 10/1/12  A1  500,000  500,265 
NY State Energy Research & Dev. Auth. Gas Fac. Rev.       
Bonds (Brooklyn Union Gas), 6.952s, 7/1/26  A+  400,000  408,736 
NY State Env. Fac. Corp. Rev. Bonds, 5s, 6/15/32  Aaa  250,000  262,188 
NY State Env. Fac. Corp. Poll. Control Rev. Bonds       
(State Wtr. Revolving Fund), Ser. A, 7 1/2s, 6/15/12  Aaa  100,000  105,456 
NY State Hwy. Auth. Rev. Bonds (Hwy. & Bridge Trust       
Fund), Ser. B, FGIC, 5s, 4/1/17  AAA  250,000  268,883 
NY State Pwr. Auth. Rev. Bonds       
5s, 11/15/20  Aa2  750,000  790,283 
Ser. A, FGIC, 5s, 11/15/17  Aaa  500,000  538,210 
NY State Thruway Auth. Rev. Bonds (Hwy. & Bridge Trust       
Fund), Ser. B, AMBAC, 5s, 4/1/23  Aaa  1,140,000  1,214,066 
NY State Urban Dev. Corp. Rev. Bonds (Personal Income       
Tax), Ser. C-1, 5s, 3/15/33 (Prerefunded)  AAA  1,000,000  1,067,660 
Port Auth. NY & NJ Cons. Rev. Bonds, Ser. 124, 5s,       
8/1/31  AA-  1,000,000  1,015,330 
Sales Tax Asset Receivable Corp. Rev. Bonds, Ser. A,       
MBIA, 5s, 10/15/25  Aaa  1,425,000  1,507,850 
Saratoga Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Saratoga Hosp.), Ser. A, 5s, 12/1/13  BBB+  100,000  103,795 
Suffolk Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds       
(Huntington Hosp.), Ser. B, 5 7/8s, 11/1/32  Baa1  500,000  528,695 
Tobacco Settlement Asset Securitization Corp., Inc.       
of NY Rev. Bonds, Ser. 1, 5s, 6/1/26  BBB  500,000  512,705 
Tobacco Settlement Fin. Auth. Rev. Bonds, Ser. A-1,       
5 1/2s, 6/1/18  AA-  1,000,000  1,073,690 
Triborough Bridge & Tunnel Auth. Rev. Bonds, Ser. A       
5s, 1/1/32 (Prerefunded)  AAA  845,000  893,064 
5s, 1/1/32  Aa2  155,000  160,231 
Westchester Cnty., Indl Dev. Agcy. Civic Fac. Rev.       
Bonds (Guiding Eyes for the Blind), 5 3/8s, 8/1/24  BBB+  165,000  173,705 
Westchester, Tobacco Asset Securitization Corp. Rev.       
Bonds, 5 1/8s, 6/1/38  BBB  500,000  509,975 
Yonkers, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (St.       
John's Riverside Hosp.), Ser. A, 7 1/8s, 7/1/31  B+  250,000  268,373 
      44,680,728 

 
Puerto Rico (4.4%)       
Cmnwlth. of PR, Govt. Dev. Bank Rev. Bonds, Ser. B,       
5s, 12/1/13  BBB  125,000  131,629 
Cmnwlth. of PR, Hwy. & Trans. Auth. Rev. Bonds       
Ser. X, 5 1/2s, 7/1/15  BBB+  50,000  54,747 
Ser. K, 5s, 7/1/17  BBB+  500,000  528,065 
Cmnwlth. of PR, Pub. Bldg. Auth. Rev. Bonds (Govt.       
Fac.), Ser. I, 5 1/4s, 7/1/29  BBB  250,000  265,568 
PR Elec. Pwr. Auth. Rev. Bonds, Ser. LL, MBIA, 5 1/2s,       
7/1/17  Aaa  750,000  850,433 
PR Indl. Tourist Edl. Med. & Env. Control Fac. Rev.       
Bonds (Cogen. Fac.-AES), 6 5/8s, 6/1/26  Baa3  250,000  272,067 
      2,102,509 
 
 
TOTAL INVESTMENTS       

Total investments (cost $45,047,054) (b)      $46,783,237 


FUTURES CONTRACTS OUTSTANDING at 1/31/07 (Unaudited)                                                
 
  Number of                                                       Expiration  Unrealized 
  contracts  Value  date  depreciation 

U.S. Treasury Note 10 yr (Long)  14  $1,494,500  Mar-07  $(29,370) 


NOTES

(a) Percentages indicated are based on net assets of $47,962,749.

(RAT) The Moody's or Standard & Poor's ratings indicated are believed to be the most recent ratings available at January 31, 2007 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 January 31, 2007. Securities rated by Putnam are indicated by "/P." Securities rated by Fitch are indicated by "/F."

(b) The aggregate identified cost on a tax basis is $45,047,054, resulting in gross unrealized appreciation and depreciation of $1,761,797 and $25,614, respectively, or net unrealized appreciation of $1,736,183.

(SEG) A portion of this security was pledged and segregated with the custodian to cover margin requirements for futures contracts at January 31, 2007.

At January 31, 2007, liquid assets totaling $1,494,500 have been designated as collateral for open futures contracts.

The rates shown on VRDN, Mandatory Put Bonds and Floating Rate Notes (FRN) are the current interest rates at January 31, 2007.

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 January 31, 2007 (as a percentage of net assets):   
Utilities  16.4% 
Education  13.5 
Transportation  11.1 
The fund had the following insurance concentration greater than 10% at January 31, 2007 (as a percentage of net assets):   
MBIA  12.6% 

Security valuation Tax-exempt bonds and notes are valued at fair value 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 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 materi al amount.

Futures and options contracts The fund may use futures and options contracts to hedge against changes in the values of securities the fund owns or expects to purchase, or for other investment purposes. The fund may also write options on swaps or securities it owns or in which it may invest to increase its current returns.

The potential risk to the fund is that the change in value of futures and options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, or if the counterparty to the contract is unable to perform. Risks may exceed amounts recognized on the statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorded as a reduction to the cost of investments.

Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as “variation margin.” Exchange traded options are valued at the last sale price or, if no sales are reported, the last bid price for purchased options and the last ask price for written options. Options traded over-the-counter are valued using prices supplied by dealers. Futures and written option contracts outstanding at period end, if any, are listed after the fund’s portfolio.

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: Effective January 1, 2007, the fund retained State Street Bank and Trust Company ("State Street") as its custodian. Putnam Fiduciary Trust Company, the fund's previous custodian, is managing the transfer of the fund's assets to State Street. This transfer is expected to be completed for all Putnam funds during the first half of 2007, with PFTC remaining as custodian with respect to fund assets until the assets are transferred. Also effective January 1, 2007, the fund's investment manager, Putnam Investment Management, LLC entered into a Master Sub-Accounting Services Agreement with State Street, under which the investment manager has delegated to State Street responsibility for providing certain administrative, pricing, and bookkeeping services for the fund.

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 New York Investment Grade Municipal Trust

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: March 28, 2007

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: March 28, 2007

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: March 28, 2007


EX-99.CERT 2 b_cert.htm EX-99.CERT e_185_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: March 27, 2007
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: March 27, 2007
Steven D. Krichmar
Principal Financial Officer


Attachment A
NQ
Period (s) ended January 31, 2007

2OV  Putnam Mid Cap Value Fund 
052  Putnam Managed Municipal Income Trust 
183  Putnam Municipal Bond Fund 
582  Putnam Municipal Opportunities Trust 
002  The Putnam Fund for Growth & Income 
004  Putnam Income Fund 
2II  Putnam Capital Opportunities Fund 
840  Putnam Utilities Growth & Income Fund 
184  Putnam CA Investment Grade Municipal Trust 
185  Putnam NY Investment Grade Municipal Trust 
2MI  Putnam Tax Smart Equity Fund 
005  Putnam Global Equity Fund 
008  Putnam Convertible Income-Growth Trust 
041  Putnam Global Income Trust 


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