Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 32

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 32
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 Master Intermediate Income Trust

| Fiscal Year Ended  
 September 30, 2024 | Audit Fees 
   $170,849 | Audit-Related Fees 
                 $0 | Tax Fees 
  $13,696 | All Other Fees 
             $0 |
|:-------------------|-----------:|-------------------:|---------:|---------------:|
| September 30, 2023 |   $177,492 |                 $0 |  $15,196 |             $0 |

Putnam Municipal Opportunities Trust

| Fiscal Year Ended 
 April 30, 2024    | Audit Fees 
    $67,210 | Audit-Related Fees 
                 $0 | Tax Fees 
   $9,600 | All Other Fees 
             $0 |
|:------------------|-----------:|-------------------:|---------:|---------------:|
| April 30, 2023    |    $67,321 |                 $0 |   $9,987 |             $0 |

Putnam Premier Income Trust

| Fiscal Year Ended 
 July 31, 2024     | Audit Fees 
   $166,945 | Audit-Related Fees 
                 $0 | Tax Fees 
  $14,281 | All Other Fees 
             $0 |
|:------------------|-----------:|-------------------:|---------:|---------------:|
| July 31, 2023     |   $194,526 |                 $0 |  $14,281 |             $0 |

Audit Feesrepresent fees billed for a fund’s last
two fiscal years relating to the audit and review of the financial statements included in annual reports and registration statements,
and other services that are normally provided in connection with statutory and regulatory filings or engagements.

Audit-Related Feesrepresent fees billed in
a fund’s last two fiscal years for services traditionally performed by the fund’s auditor, including accounting consultation
for proposed transactions or concerning financial accounting and reporting standards and other audit or attest services not required by
statute or regulation.

Tax Feesrepresent fees billed in a fund’s
last two fiscal years for tax compliance, tax planning and tax advice services. Tax planning and tax advice services include assistance
with tax audits, employee benefit plans and requests for rulings or technical advice from taxing authorities.

The following tables present the amounts the fund’s auditor
billed for aggregate non-audit fees to each fund, Putnam Management, as the fund’s investment manager prior to July 15, 2024, Franklin
Advisers, as