Franklin Templeton Announces 19(a) Notices for Closed-End Taxable Funds

Franklin Templeton has announced 19(a) notices for its closed-end taxable funds, Putnam Master Intermediate Income Trust and Putnam Premier Income Trust. The notices provide details on the sources of the funds' monthly distributions, including the estimated amount of dividends paid from accumulated net investment income and the estimated amount representing a return of capital. The actual tax status of these distributions will be determined after the fiscal year.

Franklin Templeton has recently announced 19(a) notices for its closed-end taxable funds, Putnam Master Intermediate Income Trust (PIM) and Putnam Premier Income Trust (PPT). The notices provide detailed information on the sources of the funds' monthly distributions, including the estimated amount of dividends paid from accumulated net investment income and the estimated amount representing a return of capital. The actual tax status of these distributions will be determined after the fiscal year.

For PIM, the dividend comprises $0.0133 per share from net investment income, $0.0067 from short-term capital gains, and $0.0020 as a return of capital. For PPT, the dividend includes $0.0138 per share from net investment income, $0.0060 from short-term capital gains, and $0.0062 as a return of capital. The final tax characterization of these distributions will be provided to shareholders in January 2026.

The distributions for PIM and PPT are subject to various tax treatments. For PIM, the estimated amount from net investment income is $0.0179 per share, with $0.0041 per share as a return of capital. For PPT, the estimated amount from net investment income is $0.0196 per share, with $0.0064 per share as a return of capital.

Investors should note that the actual tax status of these distributions may differ from the estimated sources. The final tax information will be available in January 2025. Detailed fund information, including full holdings and portfolio statistics, will be updated monthly on Putnam's website.

As of September 5, 2025, the current stock price of PIM is $3.38, and the market cap is approximately $161.9 million.

References:
[1] https://www.stocktitan.net/news/PIM/