Amendment to Schedule 13D Filing for Putnam Master Intermediate Income Trust

This filing is an amendment (Amendment No. 10) to the Schedule 13D initially filed on October 2, 2023, by SIT INVESTMENT ASSOCIATES INC and Sit Fixed Income Advisors II, LLC. The amendment supplements information regarding their beneficial ownership of Common Stock in Putnam Master Intermediate Income Trust. As of March 30, 2026, Sit Investment Associates Inc. and Sit Fixed Income Advisors II, LLC collectively beneficially own 22,739,969 shares, representing 47.2% of the outstanding shares. This represents an increase from the previous ownership of 46.1%. The filing details transactions in the last 60 days, which included both purchases and sales of the company's common stock. The primary reporting persons are investment advisors managing client accounts, and they share voting and dispositive power over the reported shares. The total number of outstanding shares as of September 30, 2025, was 48,184,341.