---
schema_version: "secwatch.filing_event.v1"
accession: "0000928816-23-000735"
form_type: "8-K"
ticker: "PIM"
cik: "0000830622"
company_name: "PUTNAM MASTER INTERMEDIATE INCOME TRUST"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T11:00:06.950054+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources to acquire Putnam Holdings, affecting Putnam Master Intermediate Income Trust

## Summary
- Franklin Resources subsidiary to acquire Putnam Holdings from Great-West Lifeco in stock and cash transaction.
- Transaction expected to close in Q4 2023, subject to regulatory approvals.
- Putnam Investment Management, investment manager to Putnam Funds including this trust, would become indirect subsidiary of Franklin.
- Automatic termination of current management contracts; new contracts to be approved by Board and shareholders.
- Putnam Master Intermediate Income Trust shareholders will vote on new investment management agreement.

## SEC filing metadata
- accession: 0000928816-23-000735
- form_type: 8-K
- ticker: PIM
- cik: 0000830622
- company_name: PUTNAM MASTER INTERMEDIATE INCOME TRUST
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/830622/000092881623000735/0000928816-23-000735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/830622/000092881623000735/a_miit8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928816-23-000735
- JSON: https://secwatch.observer/filing/0000928816-23-000735.json
- Plain text: https://secwatch.observer/filing/0000928816-23-000735.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.