Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 34

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 34
---
Note,

144A,

5.75%,

3/15/30

....................

United

States

70,000

71,516

b

Carnival

plc

,

Senior

Note

,

144A,

4.125

%

,

7/15/31

...........

United

States

135,000

EUR

160,686

b

Hilton

Domestic

Operating

Co.,

Inc.

,

Senior

Note

,

144A,

5.75

%

,

9/15/33

.........................................

United

States

185,000

187,604

b

NCL

Corp.

Ltd.

,

Senior

Note

,

144A,

6.25

%

,

9/15/33

..........

United

States

190,000

191,102

b,d

Rivers

Enterprise

Lender

LLC

/

Rivers

Enterprise

Lender

Corp.

,

Senior

Secured

Note

,

144A,

6.25

%

,

10/15/30

.............

United

States

70,000

70,668

b

Royal

Caribbean

Cruises

Ltd.

,

Senior

Note,

144A,

5.625%,

9/30/31

...................

United

States

80,000

81,632

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

Annual

Report

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

16

a

a

#### Country

#### Principal

#### Amount
***

a**

#### Value
a

#### a

#### a
a

#### a

#### Corporate

#### Bonds
(continued)

#### Hotels,

#### Restaurants
#### &

#### Leisure
(continued)

b

Royal

Caribbean

Cruises

Ltd.,

(continued)

Senior

Note,

144A,

6.25%,

3/15/32

....................

United

States

127,000

$

131,152

Senior

Note,

144A,

6%,

2/01/33

......................

United

States

248,000

254,418

b

Station

Casinos

LLC

,

Senior

Bond

,

144A,

4.625

%

,

12/01/31

...

United

States

285,000