Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 7

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 7
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 for Strategy, Georgetown Law Center (2020-2023); National Association of Corporate Directors Board Faculty Member (since 2021); formerly, a Member of the Board of Governors of FINRA (2016-2022) | Director of certain closed-end funds advised by Franklin Templeton Fund Adviser, LLC and its affiliates (since 2024); Director of CBOE U.S. Securities Exchanges, CBOE Futures Exchange, and CBOE SEF, Director (Since 2022); Advisory Board Member of Foundation Press (academic book publisher) (since 2019); Chair of DirectWomen Board Institute (since 2019); formerly, Member of DirectWomen (nonprofit) (2007-2022) |

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Interested Trustees

| Name, Address1, Year of Birth and Length of Service as a Fund Trustee2 | Principal Occupation(s) During Past 5 Years                                                                                                                                                                                                                                                                                                                                                                                                                            | Other Directorships Held by Trustee                                                                                  |
| Jane E. Trust, CFA (Born 1962)                                         | Since 2020, Senior Vice President, Fund Board Management, Franklin Templeton. Since 2015, Officer and/or Trustee/Director of 123 funds associated with Franklin Templeton Fund Advisor, LLC (“FTFA”) or its affiliates, and President and Chief Executive Officer of FTFA. From 2018 to 2020, Senior Managing Director of Legg Mason & Co., LLC (“Legg Mason & Co.”). From 2016 to 2018, Managing Director of Legg Mason & Co. In 2015, Senior Vice President of FTFA. | Director of certain closed-end funds advised by Franklin Templeton Fund Adviser, LLC and its affiliates (since 2015) |

The address of each nominee for Trustee is c/o Chairman
of the Fund, Franklin Templeton, 620 Eighth Avenue, 47th Floor, New York, NY 10018.

If elected, each nominee for Trustee will serve a term
beginning from April 25, 2025, until the election and qualification of his or her successor, or until he or she sooner dies, resigns,
retires, or is removed.

The Board Policy and Nominating Committee of the Putnam Funds Board is responsible
for recommending nominees for election to the Board for its approval. As is described in more detail below, the Committee considers the
skills and characteristics that it determines would most benefit the Putnam funds, and considers