<SEC-DOCUMENT>0000928816-23-000729.txt : 20230531
<SEC-HEADER>0000928816-23-000729.hdr.sgml : 20230531
<ACCEPTANCE-DATETIME>20230531172023
ACCESSION NUMBER:		0000928816-23-000729
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230531
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20230531
DATE AS OF CHANGE:		20230531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		IRS NUMBER:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		23982090

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

	MAIL ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a_mot8k.htm
<DESCRIPTION>PUTNAM MUNICIPAL OPPORTUNITIES TRUST
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 3pt 0 0; text-transform: uppercase; text-align: center">UNI<FONT STYLE="letter-spacing: 1pt">T</FONT>ED
    STATES</P>
    <P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">SECURITIES AND EXCHANGE
    COMMISSION</P>
    <P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-transform: uppercase; text-align: center">WASHINGTON, D.C.
    20549</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-top: 6pt; padding-bottom: 3pt; text-align: center; layout-grid-mode: char; text-transform: uppercase"><FONT STYLE="font-size: 18pt">FORM 8&#45;K</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center">CURRENT REPORT<BR>
    Pursuant to Section 13 OR 15(d)<BR>
    of The Securities Exchange Act of 1934</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Date of Report (Date of Earliest Event Reported):
    May 31, 2023</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: bold 24pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">Putnam Municipal Opportunities Trust</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">(Exact Name of Registrant as Specified in
    its Charter)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 2pt; text-align: center; layout-grid-mode: char">Massachusetts<BR>
<FONT STYLE="font-size: 8pt">(State or Other Jurisdiction<BR>
of Incorporation)</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 2pt; text-align: center; layout-grid-mode: char">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 2pt; padding-left: 40.5pt; text-align: left; layout-grid-mode: char">811-07626<BR>
<FONT STYLE="font-size: 8pt">(Commission<BR>
File Number)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 2pt; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 2pt; text-align: left; layout-grid-mode: char">04-3187549<BR>
<FONT STYLE="font-size: 8pt">(IRS Employer<BR>
Identification No.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 6pt; layout-grid-mode: char">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 6pt; text-align: center; layout-grid-mode: char">100 Federal Street<BR>
Boston, Massachusetts<BR>
<FONT STYLE="font-size: 8pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 6pt; text-align: center; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 6pt; text-align: center; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 12pt; padding-left: 13.5pt; text-align: left; layout-grid-mode: char">02110<BR>
<FONT STYLE="font-size: 8pt">(Zip Code)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 6pt; padding-bottom: 6pt; padding-left: 81pt; text-align: left; layout-grid-mode: char">Registrant&rsquo;s Telephone Number, Including Area Code:&nbsp;&nbsp;(617) 292-1000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; layout-grid-mode: char">Not Applicable<BR>
<FONT STYLE="font-size: 8pt">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Check the appropriate box below if the Form 8&#45;K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Soliciting
material pursuant to Rule 14a&#45;12 under the Exchange Act (17 CFR 240.14a&#45;12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Pre&#45;commencement
communications pursuant to Rule 14d&#45;2(b) under the Exchange Act (17 CFR 240.14d&#45;2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Pre&#45;commencement
communications pursuant to Rule 13e&#45;4(c) under the Exchange Act (17 CFR 240.13e&#45;4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Securities registered pursuant to Section 12(b) of the Act:</P>

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  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; layout-grid-mode: char"><B>Title of Each Class</B></TD>
    <TD STYLE="vertical-align: bottom; width: 22%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; layout-grid-mode: char"><B>Trading<BR>
Symbol(s)</B></TD>
    <TD STYLE="vertical-align: top; width: 1%; font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 31%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; layout-grid-mode: char"><B>Name of Each Exchange<BR>
on Which Registered</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Common Shares of beneficial interest</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 12pt; text-align: center; layout-grid-mode: char"><B>PMO</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 12pt; text-align: center; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 12pt; text-align: center; layout-grid-mode: char"><B>New York Stock Exchange</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (CFR 230.405 of this chapter) or Rule 12b&#45;2 of the Securities Exchange
Act of 1934 (CFR 240.12b&#45;2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Emerging growth company <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On May 31, 2023, Franklin Resources, Inc. (&ldquo;Franklin
Resources&rdquo;) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (&ldquo;Putnam Holdings&rdquo;), announced
that they have entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash
transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As part of this transaction, Putnam Investment Management,
LLC (&ldquo;Putnam Management&rdquo;), a wholly owned subsidiary of Putnam Holdings and investment manager to the Putnam family of funds
(the &ldquo;Putnam Funds&rdquo;), including Putnam Municipal Opportunities Trust, would become an indirect wholly owned subsidiary of
Franklin Resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The transaction is subject to customary closing conditions,
including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction of these conditions, the transaction
is currently expected to be consummated in the fourth quarter of 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Under the Investment Company Act of 1940, as amended,
consummation of the transaction will result in the automatic termination of the investment management contract between each Putnam Fund
and Putnam Management and any related sub-management and sub-advisory contracts, where applicable. Therefore, the Board of Trustees of
the Putnam Funds will be asked to approve a new investment management contract between each Putnam Fund and Putnam Management (and new
sub-management and sub-advisory contracts, if applicable). If approved by the Board of Trustees, the new investment management contract
will be presented to the shareholders of each Putnam Fund for their approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3pt; layout-grid-mode: char">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 3pt; layout-grid-mode: char">Putnam Municipal Opportunities Trust</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">By:</TD>
    <TD STYLE="width: 52%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid">/s/ Jonathan S. Horwitz</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">Jonathan S. Horwitz</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">Date: May 31, 2023</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3pt; layout-grid-mode: char">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; layout-grid-mode: char">Executive Vice President, Principal Executive Officer and Compliance Liaison</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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