Putnam Investments Announces 19(a) Notices for Closed-End Funds

Rhea-AI Summary

Putnam Investments has announced 19(a) notices for distributions declared on September 30, 2024, for two closed-end funds:

• Putnam Master Intermediate Income Trust (NYSE: PIM): $0.0220 per share
• Putnam Premier Income Trust (NYSE: PPT): $0.0260 per share

Both distributions have an ex-date, record date of October 24, 2024, and payment date of November 1, 2024. The notices provide estimates of the sources of these distributions, including accumulated net investment income and return of capital. For PIM, $0.0179 per share is estimated to be from net investment income, and $0.0041 per share as return of capital. For PPT, $0.0196 per share is estimated from net investment income, and $0.0064 per share as return of capital. Final tax information will be available in January 2025.

BOSTON--(BUSINESS WIRE)-- Putnam Investments announces that 19(a) notices are available for the following distributions announced on September 30, 2024.

FUND NAME AND DISTRIBUTIONS*	EX DATE	RECORD DATE	PAYMENT DATE
Putnam Master Intermediate Income Trust (NYSE: PIM) (CUSIP: 746909-10-0)
$0.0220 per share	10/24/24	10/24/24	11/1/24
Putnam Premier Income Trust (NYSE:PPT) (CUSIP: 746853-10-0)
$0.0260 per share	10/24/24	10/24/24	11/1/24

* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.

The funds periodically provide fund-related information on their websites. The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8^th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.

19(a) NOTICES

Putnam Master Intermediate Income Trust

Putnam estimates that $0.0179 per share of Putnam Master Intermediate Income Trust’s dividend is paid from accumulated net investment income, and $0.0041 per share represents a return of capital. These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund. These principles may vary from those applicable to the characterization of distributions under federal tax law and, accordingly, federal tax law treatment will likely vary from the estimated characterization above. In addition, the sources of dividends are estimated at the time of declaration. Actual results will vary from these estimates. A non-taxable return of capital, if any, cannot be determined until after the end of the fund's fiscal year. In January 2025, you will receive final information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.

Putnam Premier Income Trust

Putnam estimates that $0.0196 per share of Putnam Premier Income Trust’s dividend is paid from accumulated net investment income, and $0.0064 per share represents a return of capital. These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund. These principles may vary from those applicable to the characterization of distributions under federal tax law and, accordingly, federal tax law treatment will likely vary from the estimated characterization above. In addition, the sources of dividends are estimated at the time of declaration. Actual results will vary from these estimates. A non-taxable return of capital, if any, cannot be determined until after the end of the fund's fiscal year. In January 2025, you will receive final information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241009570144/en/

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581

Source: Putnam Investments

FAQ

What are the distribution amounts for Putnam Master Intermediate Income Trust (PIM) and Putnam Premier Income Trust (PPT)?

Putnam Master Intermediate Income Trust (PIM) will distribute $0.0220 per share, while Putnam Premier Income Trust (PPT) will distribute $0.0260 per share.

When is the ex-date, record date, and payment date for the PIM and PPT distributions?

The ex-date and record date for both PIM and PPT distributions is October 24, 2024, with a payment date of November 1, 2024.

How much of PIM's distribution is estimated to be from net investment income and return of capital?

For PIM, $0.0179 per share is estimated to be from accumulated net investment income, and $0.0041 per share is estimated to be a return of capital.

When will shareholders receive final information about the federal tax status of these distributions?

Shareholders will receive final information about the federal tax status of these distributions in January 2025.

Where can investors find additional information about Putnam fund holdings and statistics?

Investors can find full holdings monthly and top 10 holdings with additional portfolio statistics approximately 15 days after month-end on the Putnam website at putnam.com.