Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 144

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 144
---
 Statements
We

have

audited

the

accompanying

statement

of

assets

and

liabilities,

including

the

schedule

of

investments,

of

Putnam

Master

Intermediate

Income

Trust

(the

“Fund”)

as

of

September

30,

2025,

the

related

statement

of

### operations
for

the

year

ended

September

30,

2025,

the

statements

of

changes

in

net

assets

for

each

of

the

two

years

in

the

period

ended

September

30,

2025,

including

the

related

notes,

and

the

### financial
highlights

for

each

of

the

five

years

in

the

period

ended

September

30,

2025

(collectively

referred

to

as

the

“financial

statements”).

In

our

opinion,

the

### financial
statements

present

fairly,

in

all

material

respects,

the

### financial
position

of

the

Fund

as

of

September

30,

2025,

the

results

of

its

### operations
for

the

year

then

ended,

the

changes

in

its

net

assets

for

each

of

the

two

years

in

the

period

ended

September

30,

2025

and

the

### financial
highlights

for

each

of

the

five

years

in

the

period

ended

September

30,

2025

in

conformity

with

accounting

principles

generally

accepted

in

the

United

States

of

America.

#### Basis

#### for

#### Opinion
These

### financial
statements

are

the

responsibility

of

the

Fund’s

management.

Our

responsibility

is

to

express

an

opinion

on

the

Fund’s

### financial
statements

based

on

our

audits.

We

are

a

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(PCAOB)

and

are

required

to

be

independent

with

respect

to

the

Fund