PUTNAM MASTER INTERMEDIATE INCOME TRUST PIM

expiry = 2007-07-11...TRANSMITTAL TO ACCOMPANY COMMON SHARES OF BENEFICIAL INTEREST OF PUTNAM MASTER INTERMEDIATE INCOME TRUST TENDERED PURSUANT TO THE OFFER TO PURCHASE DATED JUNE 4, 2007 THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M. NEW YORK CITY TIME, ON JULY 11, 2007, UNLESS THE OFFER IS EXTENDED. The Depositary for our Offer is: COMPUTERSHARE TRUST COMPANY, N.A. By Mail: By Hand or Overnight Courier: Computershare Trust Company, N.A. Computershare Trust Company, N.A. Attention: Corporate Actions Atten...

listed = True...(617) 292-1000. The title of the class of equity securities to which this Schedule TO relates is the common shares of beneficial interest without par value of the Fund (each a “Share”). As of May 11, 2007, there were 91,389,759 Shares outstanding. The Shares are traded on the New York Stock Exchange under the symbol “PIM.” The information set forth in Section 6 “Net Asset Value and Market Price Range of the Shares; Dividends on the Shares” of the Offer to Purchase is incorporated herein by reference. ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON The filing person is the subject company. ITEM 4. TERMS OF THE TRANSACTION The inform...

mechanism = NAV_PERCENT...ach tender offer is being mailed to shareholders of the funds. As indicated above, the expiration dates for the tender offers vary. As previously disclosed in February, each fund is offering to purchase up to 10% of its outstanding common shares for cash at a price per share equal to 98% of the net asset value per share (NAV) as of the expiration date. The tender offers are part of an effort by the Trustees of the Funds to enhance liquidity for fund shareholders. In approving this program, the Trustees considered that tender offers would give shareholders an opportunity to sell at least some of their shares at a price close to NAV, and that th...

threshold = 100...hares. Accordingly, this section is to be completed only if shares are being tendered by or on behalf of a person owning, beneficially or of record, an aggregate of fewer than 100 shares. The undersigned either (check one box): [ ] is the beneficial or record owner of fewer than 100 shares in the aggregate, all of which are being tendered; or [ ] is a broker, dealer, commercial bank, trust company, or other nominee that (a) is tendering for the beneficial owner(s) shares with respect to which it is the record holder, and (b) believes, based upon representations made to it by the beneficial owner(s), that each such person i...

txn_type = TENDER_OFFER...value of the Fund’s assets minus its liabilities, divided by the number of shares outstanding) determined as of the expiration date of the tender offer, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 4, 2007 (the “Offer to Purchase”) and in the related Letter of Transmittal (the “Letter of Transmittal” which, together with the Offer to Purchase, as each may be amended and supplemented from time to time, constitute the “Offer”). The information set forth in the Letter of Transmittal and the Offer to Purchase, copies of whic...

tendered = 9138976...this offer to purchase. iv T E N D E R O F F E R S In what order will the fund purchase tendered shares? • If the terms and conditions of the tender offer have been satisfied or waived and more than 9,138,976 shares have been validly tendered and not validly withdrawn on or prior to the expiration of the offer, we will purchase shares in the following order of priority: • first, all shares owned in “odd lots” that have been validly tendered; and • second, after purchase of all of the foregoing shares, all other tende...