Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 8

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 8
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 diversity of background, experience,
and views. In recommending the election of the nominees as Trustees, the Committee generally considered these matters and the educational,
business, and professional experience of each nominee in determining his or her qualifications to serve as a Trustee of the fund, including
the nominee’s record of service as a director or trustee of public and private organizations. This included each nominee’s
service as a member of the Franklin CEF Board. The Committee also considered, among other factors, the particular attributes described
below with respect to each individual nominee for Trustee: Mr. Agdern, experience in business and as a legal professional; Ms. Colman, experience as a consultant and investment professional; Mr. Grillo, experience as a managing director of a private equity and credit firm and experience in investment banking; Ms. Kamerick, experience in business and finance, including financial reporting, and experience as a board member of a highly regulated financial services company; Ms. Kumar, financial and accounting experience as the chief financial officer of other companies and experience as a board member of private equity funds; Mr. Mason, legal and managerial experience; Ms. Sale, experience as a college professor and experience as a board member for financial and corporate institutions; and Ms. Trust, investment management and risk oversight experience as an executive and portfolio manager and leadership roles within Franklin Templeton and affiliated entities. References to the qualifications, attributes and skills of the nominees for Trustees are pursuant to requirements of the Securities and Exchange Commission, do not constitute holding out of the Board or any nominee from Trustee as having any special expertise or experience, and do not impose any greater responsibility or liability on any person or on the Board by reason thereof.

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Each of the nominees has agreed to serve as a Trustee, if elected. If any
nominee is unavailable for election at the time of the annual meeting, which is not anticipated, the persons designated on the proxy card
may vote for other nominees at their discretion or may fix the number of Trustees at fewer than 8 for your fund.

Putnam Funds Board

The Putnam Funds Board’s current Trustees and their backgrounds are
shown in the following pages. This information includes each current Trustee’s name, year of birth, principal occupation(s) during
the past five years, and other information about the nominee’s professional background, including other directorships the nominee
holds. The Putnam funds complex is composed of the Putnam mutual funds, closed-end funds, and exchange-traded funds (