Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 181

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 181
---

purchases

additional

shares

on

the

open

market,

in

accordance

with

the

Plans.

There

are

no

brokerage

charges

applied

to

shares

issued

directly

by

the

Funds

under

the

Plans.

Putnam

Master

Intermediate

Income

Trust

Dividend

Reinvestment

and

Cash

Purchase

Plan

(unaudited)

72

franklintempleton.com

Annual

Report

#### About

#### taxes

#### and

#### Plan

#### amendments
Reinvesting

dividend

and

capital

gain

distributions

in

shares

of

the

Funds

does

not

relieve

you

of

tax

obligations,

which

are

the

same

as

if

you

had

received

cash

distributions.

The

Agent

supplies

tax

information

to

you

and

to

the

IRS

annually.

Each

Fund

reserves

the

right

to

amend

or

terminate

its

Plan

upon

30

days’

written

notice.

However,

the

Agent

may

assign

its

rights,

and

delegate

its

duties,

to

a

successor

agent

with

the

prior

consent

of

a

Fund

and

without

prior

notice

to

Plan

participants.

#### If

#### your

#### shares

#### are

#### held

#### in

#### a

#### broker

#### or

#### nominee

#### name
If

your

shares

are

held

in

the

name

of

a

broker

or

nominee

offering

a

dividend

reinvestment

service,

consult

your

broker

or

nominee

to

ensure

that

an

appropriate

election

is

made

on

your

behalf.

If

the

broker

or

nominee

holding

your

shares

does

not

provide

a

reinvestment

service,

you

may

need

to

register

your

shares

in

your

own

name

in

order

to

participate

in

a

Plan.

In

the

case

of

record

shareholders

such

as

banks,

brokers

or

nominees