secwatch.observer — SEC 8-K summary
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Issuer:     PUTNAM MASTER INTERMEDIATE INCOME TRUST (PIM)
CIK:        0000830622
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000928816-23-001556
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Putnam Master Intermediate Income Trust Amends Bylaws and Adopts Investment Grade Policy
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- On November 17, 2023, Board of Trustees rescinded Article 15 and its control share acquisition provisions from the Fund's bylaws.
- Adopted an investment policy requiring, under normal circumstances, an average portfolio rating of investment grade.
- The credit rating for each investment is determined at purchase by a nationally recognized agency or by Putnam Investment Management, LLC.
- Prior to rescission, on February 23, 2023, the Board had exempted all prior and future purchases from the control share provisions.
- The Fund's common shares trade on the NYSE under the ticker symbol PIM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/830622/000092881623001556/0000928816-23-001556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/830622/000092881623001556/a_miit8k.htm
  HTML page:      https://secwatch.observer/filing/0000928816-23-001556

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