secwatch.observer — SEC 8-K summary
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Issuer:     PUTNAM MASTER INTERMEDIATE INCOME TRUST (PIM)
CIK:        0000830622
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000928816-23-000735
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/830622/000092881623000735/0000928816-23-000735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/830622/000092881623000735/a_miit8k.htm
  HTML page:      https://secwatch.observer/filing/0000928816-23-000735

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