Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 13

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 13
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Compensation Committee and Pricing and Valuation Committee that meet periodically and whose responsibilities are described below. Each
of the Audit Committee, Nominating Committee, Compensation Committee and Pricing and Valuation Committee of the Board will be composed
of all Trustees who have been determined not to be “interested persons” of the fund, Franklin Advisers or their affiliates
within the meaning of the 1940 Act, and who are “independent” as defined in the New York Stock Exchange listing standards
(“Independent Trustees”), and chaired by an Independent Trustees. The Board in its discretion from time to time may establish ad hoc committees.

Audit Committee. The fund’s Audit Committee will be
composed entirely of all of the Independent Trustees. The principal functions of the Audit Committee will be to: (a) assist Board oversight
of (i) the integrity of the fund’s financial reporting, (ii) the fund’s compliance with legal and regulatory requirements,
(iii) the qualifications and independence of the fund’s independent registered public accountants and (iv) the performance of the
fund’s internal audit function and independent registered public accountants; (b) approve, and recommend to the Independent Board
Members (as such term is defined in the Audit Committee Charter) for their ratification, the selection, appointment, retention or termination
of the fund’s independent registered public accounting firm, as well as approving the compensation thereof; (c) approve all audit
and permissible non-audit services provided to the fund and certain other persons by the fund’s independent registered public accounting
firm; and (d) prepare the report required to be prepared by the Audit Committee pursuant to the rules of the SEC for inclusion in the
fund’s annual Proxy Statement. The Audit Committee will operate under a written charter adopted and approved by the Board, a copy
of which will be available on the fund’s website at www.franklintempleton.com/investments/options/closed-end-funds and
click on the name of the fund.

Nominating Committee. The fund’s Nominating Committee,
the principal function of which will be to select and nominate candidates for election as Directors of the fund, will be composed of all
of the Independent Trustees. The Nominating Committee may consider nominees recommended by the stockholder as it deems appropriate. Stockholders
who wish to recommend a nominee should send recommendations to the fund’s Secretary that include all information relating to such
person that is required to be disclosed in solicitations of proxies for the election of Directors. A