Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 130

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 130
---

September

30,

2025,

the

Fund

utilized

$1,448,121

of

capital

loss

carryforwards.

The

tax

character

of

distributions

paid

during

the

years

ended

September

30,

2025

and

2024,

was

as

follows:

#### aa

#### Value

#### at

#### Beginning

#### of

#### Year

#### Purchases

#### Sales

#### Realized

#### Gain
**(Loss)**

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
**(Depreciation)**

#### Value

#### at

#### End

#### of

#### Year

#### Number

#### of

#### Shares

#### Held

#### at

#### End

#### of

#### Year

#### Investment

#### Income

#### a

#### a

#### a

#### a

#### a

#### a

#### a

#### a

#### Putnam

#### Master

#### Intermediate

#### Income

#### Trust

#### Non-Controlled

#### Affiliates
Dividends

Franklin

Ultra

Short

Bond

ETF

.

$—

$4,152,125

$—

$—

$39,123

$4,191,248

166,982

$104,055

Putnam

Government

Money

Market

Fund,

Class

P,

3.959%

.

18,697,139

37,382,542

(50,256,710)

—

—

5,822,971

5,822,971

372,646

Putnam

Short

Term

Investment

Fund,

Class

P,

4.364%

......

14,161,617

6,228,309

(12,100,937)

—

—

8,288,989

8,288,989

474,417

#### Total

#### Non-Controlled

#### Affiliates
$32,858,756

$47,762,976

$(62,357,647)

$—

$39,123

$18,303,208

$951,118

#### Total

#### Affiliated

#### Securities
#### ...

$32,858,756

$47,762,976

$(62,357,647)

$—

$39,123

$18,303,208

$951,118

Capital

loss

carryforwards

not

subject

to

expiration: