Company: PIM
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000928816-25-000374
Chunk: 6

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 6
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 single class. If there is not a quorum of the preferred shares of your fund at the meeting, but there is a quorum of the common and
preferred shares voting together and the nominees for election by the common and preferred shares are elected, Ms. Domortorffy and Mr.
Putnam, who have previously been elected by the holders of each fund’s preferred shared, intend to resign from the Board. Additionally,
each Trust’s Amended and Restated Declaration of Trust provides that the Board may appoint Trustees to fill any vacancies on the
Board.

Biographical Information For The Funds’ Nominees and Current Trustees.

Franklin CEF Board

The nominees for Trustees and their backgrounds are shown in the following
pages. This information includes each nominee’s name, year of birth, principal occupation(s) during the past five years, and other
information about the nominee’s professional background, including other directorships the nominee holds. Each of the nominees currently
serves as a Trustee overseeing 17 closed-end funds advised by Franklin Advisers or its affiliates and, upon election, is proposed to serve
until the election and qualification of his or her successor, or until he or she sooner dies, resigns, retires, or is removed. Ms. Trust
also serves as Trustee of 123 other funds that are advised by one or more affiliates of Franklin Advisers.

| 10 |

| Independent Trustee Nominees                            
 Name, Address1, Year of Birth, and Length of Service as 
 a Fund Trustee2                                         | Principal Occupation(s) During Past 5 Years                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Other Directorships Held by Trustee                                                                                                                                                                                                                                                                                  |
| Robert D. Agdern (Born 1950)                            | Member of the Advisory Committee of the Dispute Resolution Research Center at the Kellogg Graduate School of Business, Northwestern University (2002 to 2016); formerly, Deputy General Counsel responsible for western hemisphere matters for BP PLC (1999 to 2001); Associate General Counsel at Amoco Corporation responsible for corporate, chemical, and refining and marketing matters and special assignments (1993 to 1998) (Amoco merged with British Petroleum in 1998 forming BP PLC). | Director of certain closed-end funds advised by Franklin Templeton Fund Adviser, LLC and its affiliates (since 2015)                                                                                                                                                                                                 |
| Carol L. Colman, CFA (Born 1946)                        | President, Colman Consulting Company (consulting)