Putnam Reports Quarterly Performance for Putnam Master Intermediate Income Trust
Mon Aug 18, 4:00 PMBOSTON--(BUSINESS WIRE)--Putnam Investments today announced quarterly performance results for Putnam Master Intermediate Income Trust (NYSE: PIM), a closed-end fund, over the three months ended June 30, 2008.
Putnam Master Intermediate Income Trust
The per-share net asset value (NAV) for Putnam Master Intermediate Income Trust was $6.55 as of the close of business on June 30, 2008 . The per-share NAV for this fund was $6.66, as of March 31, 2008. The share price as traded on the New York Stock Exchange (NYSE) on June 30, 2008 was $6.04. The share price for this fund was $6.17, as of March 31, 2008. The fund’s total return for the three months ended June 30, 2008 was 0.27%, based on NAV, and (0.19)% based on NYSE share price.
Additional quarterly data is as follows:
|
Three months ended June 30, 2008 |
Three months ended June 30, 2007 |
|||||
| Total investment income | ||||||
| Total | $ | 12,446,960 | $ | 9,525,103 | ||
|
Per share(a) |
$ | .16 | $ | .10 | ||
| Net investment income(loss) | ||||||
| Total | $ | 11,324,876 | $ | 8,062,368 | ||
|
Per share(a) |
$ | .15 | $ | .09 | ||
| Net realized and unrealized gain(loss) on investments | ||||||
| Total | $ | (10,386,924) | $ | (2,461,092) | ||
|
Per share(a) |
$ | (.13) | $ | (.04) | ||
| Net increase(decrease) in net assets resulting from operations | ||||||
| Total | $ | 937,952 | $ | 5,601,276 | ||
|
Per share(a) |
$ | .02 | $ | .05 | ||
| Net assets available at the end of the period | ||||||
| Total | $ | 450,480,518 | $ | 652,003,674 | ||
|
Per share(a) |
$ | 6.55 | $ | 7.13 | ||
|
(a) Per common share |
Data for the fund for the period ended June 30, 2008 reflects the completion of an issuer tender offer in April 2008, pursuant to which the fund purchased approximately 15% of its outstanding common shares at a price equal to 99% of the NAV as of the expiration date of the tender offer. In addition, following the end of the period ended June 30, 2007, an issuer tender offer commenced in June 2007 was completed, pursuant to which the fund purchased approximately 10% of its outstanding common shares at a price equal to 98% of the NAV as of the expiration date of the tender offer.
About Putnam Investments
Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. At the end of July 2008, Putnam Investments had $165 billion in assets under management. Mutual fund assets were $97 billion. Institutional assets were $68 billion. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnam.com.
Putnam Investments
Sinead Martin, 617-760-8515
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