Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 180

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 180
---

the

Agent

will

be

the

price

per

share

allocable

to

each

participant.

The

Agent

will

generally

complete

these

open-market

purchases

within

five

### business
days

following

the

payment

date.

If,

before

the

Agent

has

completed

open-market

purchases,

the

market

price

per

share

(plus

estimated

brokerage

commissions)

rises

to

exceed

the

net

asset

value

per

share

on

the

payment

date,

then

the

purchase

price

may

exceed

the

net

asset

value

per

share,

potentially

resulting

in

the

acquisition

of

fewer

shares

than

if

the

distribution

had

been

paid

in

newly

issued

shares.

#### How

#### to

#### withdraw

#### from

#### a

#### Plan
Participants

may

withdraw

from

a

Fund’s

Plan

at

any

time

by

notifying

the

Agent,

either

in

writing

or

by

telephone.

Such

withdrawal

will

be

effective

immediately

if

notice

is

received

by

the

Agent

with

sufficient

time

prior

to

any

distribution

record

date;

otherwise,

such

withdrawal

will

be

effective

with

respect

to

any

subsequent

distribution

following

notice

of

withdrawal.

There

is

no

penalty

for

withdrawing

from

or

not

participating

in

a

Plan.

#### Plan

#### administration
The

Agent

will

credit

all

shares

acquired

for

a

participant

under

a

Plan

to

the

account

in

which

the

participant’s

common

shares

are

held.

Each

participant

will

be

sent

reasonably

promptly

a

confirmation

by

the

Agent

of

each

acquisition

made

for

his

or

her

account.

#### About

#### brokerage

#### fees
Each

participant

pays

a

proportionate

share

of

any

brokerage

commissions

incurred

if

the

Agent