Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 43

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 43
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 to identify any compliance issues that are unique to the
applicable categories of funds and work with the appropriate Board committees to ensure that any such issues are properly addressed. The
Committees review the proposed investment objectives, policies and restrictions of new fund products and proposed changes to investment
objectives, policies and restrictions of existing funds. Investment Oversight Committee A currently consists of Mses. Domotorffy (Chair),
Murphy and Sutphen, and Messrs. Ahamed, Reynolds, and Singh. Investment Oversight Committee B currently consists of Mses. Pillai (Chair),
Baumann, and Trust, Dr. Hill, and Messrs. McGreevey and Putnam.

Pricing Committee.The Pricing Committee oversees the
valuation of assets of the Putnam funds and reviews the funds’ policies and procedures for achieving accurate and timely pricing
of fund shares. The Committee oversees implementation of these policies, including fair value determinations of individual securities
made by Franklin Advisers or other designated agents of the funds. The Committee also reviews (i) compliance by money market funds with
Rule 2a-7 under the 1940 Act, (ii) in-kind redemptions by fund affiliates, (iii) the correction of occasional pricing errors, and (iv)
Franklin Advisers’ oversight of pricing vendors. The Committee reports to the Trustees and makes recommendations to the Trustees
regarding these matters. The Committee currently consists of Mr. Singh (Chair), McGreevey, and Reynolds and Mses. Murphy, Pillai, Sutphen,
and Trust.

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