Current Report Filing (8-k)
February 28 2023 - 1:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C.
20549 |
FORM 8-K |
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
February 23, 2023 |
Putnam Master Intermediate Income Trust
(Exact Name of Registrant as Specified in
its Charter) |
Massachusetts
(State or Other Jurisdiction
of Incorporation) |
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811-05498
(Commission
File Number) |
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04-6584465
(IRS Employer
Identification No.) |
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100 Federal Street
Boston, Massachusetts
(Address of Principal Executive Offices) |
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02110
(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (617) 292-1000 |
Not Applicable
(Former Name or Former Address, if Changed Since Last Report) |
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
Trading
Symbol(s) |
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Name of Each Exchange
on Which Registered |
Common Shares of beneficial interest
|
PIM |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (CFR 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
On February 23, 2023, the Board of Trustees (the “Trustees”)
of Putnam Managed Municipal Income Trust (the “Fund”) amended and restated the Bylaws of the Fund (the “Amended and
Restated Bylaws”). The Amended and Restated Bylaws include the following changes:
| • | Addition of “Vice Chair” References: Article 3 of the Fund’s Bylaws deals with matters related to Fund and
Trustee officers and was amended to add references throughout explicitly permitting, but not requiring, a Vice Chair of the Trustees.
For example, the Amended and Restated Bylaws make clear that the Trustees, at their discretion, may elect or appoint a Vice Chair and
that any Vice Chair is an officer of the Trustees. Prior to February 23, 2023, there was no reference to a Vice Chair of the Trustees
in the Fund’s Bylaws. |
| • | Fixing a New Record Date: Article 10.4 of the Fund’s Bylaws, which deals with record dates for shareholder meetings,
was amended to clarify that the Trustees may, but, unless otherwise required by law, are not required to, fix a new record date for a
shareholder meeting, including any postponed or adjourned session of the meeting. Prior to February 23, 2023, the Fund’s Bylaws
did not explicitly address this power. |
| • | Validity of Proxies at Postponed or Adjourned Meeting: Article 10.6 of the Fund’s Bylaws, which deals with shareholder
proxies, was amended to make clear that, unless otherwise specifically limited by its terms, a proxy shall entitle a shareholder to vote
at any postponed or adjourned session of a shareholder meeting and, unless revoked, any proxy given in connection with a postponed or
adjourned meeting for which a new record date is fixed shall continue to be valid so long as the shareholder giving the proxy is a shareholder
of record on the new record date. Prior to February 23, 2023, the Fund’s Bylaws did not explicitly address the validity of proxies
at a postponed or adjourned session of a shareholder meeting. |
The above discussion is only a high-level summary
of certain aspects of the changes included in the Fund’s Amended and Restated Bylaws, and is qualified in its entirety by reference
to the full Amended and Restated Bylaws. Investors should refer to the Amended and Restated Bylaws for more information.
The Amended and Restated Bylaws were effective as of
February 23, 2023, are attached as an Exhibit, and are incorporated herein by reference.
Item 8.01 Other Events.
On February 23, 2023, the Trustees voted to exempt,
including on a going forward basis, all prior and, until further notice, new purchases of shares of the Fund that might otherwise be deemed
“Control Share Acquisitions” under Article 15 of the Fund’s Amended and Restated Bylaws from the provisions of Article
15 of the Fund’s Amended and Restated Bylaws.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. |
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Description |
5.03 |
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Amended and Restated Bylaws of Putnam Master Intermediate Income Trust dated February 23, 2023 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Putnam Master Intermediate Income Trust |
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By: |
/s/ Jonathan S. Horwitz |
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Jonathan S. Horwitz |
Date: February 28, 2023 |
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Executive Vice President, Principal Executive Officer and Compliance Liaison |
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