Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
• 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 toFebruary 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 toFebruary 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 toFebruary 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
Item 8.01 Other Events.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 5.03 Amended and Restated Bylaws ofPutnam Master Intermediate Income Trust datedFebruary 23, 2023
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