Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 28

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 28
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 or (iv) by attending the annual meeting and
voting in person. If your shares are held in street name through a bank, broker or other financial intermediary, please check your voting
instruction form or contact your bank, broker or other financial intermediary for instructions on how to change or revoke your vote.

Dates for receipt of shareholders’ proposals for subsequent meetings of shareholders.It is currently anticipated that your fund’s next annual meeting of shareholders will be held
on April 24, 2026, although the Trustees of your fund reserve the right to set an earlier or later date for the annual meeting for the
next fiscal year. Shareholder proposals that are intended to be included in the proxy

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statement for that meeting and presented at the 2026 annual meeting must
have been received by your fund on or before November 25, 2025. In order for a shareholder proposal to be included in the proxy statement,
both the submitting shareholder and the proposal itself must satisfy the requirements set forth in Rule 14a-8 under the Securities Exchange
Act of 1934. The fund may exclude from the proxy materials and consideration at a meeting certain proposals as permitted by Securities
and Exchange Commission rules and state law. Shareholders who wish to make a proposal at the 2026 annual meeting without including the
proposal in the fund’s proxy statement must ensure that the proposal was received by your fund in good order and in compliance with
all applicable legal requirements, including the requirements set forth in your fund’s Amended and Restated Bylaws, between January
24, 2026 and February 23, 2026. You may obtain a copy of your fund’s Amended and Restated Bylaws by submitting a request in writing
to The Putnam Funds, 100 Federal Street, Boston, Massachusetts 02110.

Postponement and Adjournment.To the extent permitted
by each fund’s Declaration of Trust and Amended and Restated Bylaws, any meeting of shareholders may be postponed or cancelled by
the Trustees upon public notice before the time scheduled for the meeting.

In addition to any ability that the persons named as proxies may
have to propose and/or vote on an adjournment of any meeting of shareholders as described below, to the extent permitted by each fund’s
Declaration of Trust and Amended and Restated Bylaws, any meeting of shareholders may, by action of the chair of the meeting, be adjourned
from time to time without notice (other than announcement at the