Putnam Master Intermediate Income Trust(NYSE:PIM) announces an Equity Buyback for 10% of its outstanding share capital.
September 27, 2021 at 12:00 am EDT
Putnam Master Intermediate Income Trust(NYSE:PIM) announces a share repurchase program. Under the program, the company will repurchase up to 10% of its outstanding common shares. The share repurchase program is intended to enhance shareholder value. The program will commence from October 1, 2021 and run over the twelve months ending September 30, 2022.