Citi Discontinues Coverage of Putnam Master Intermediate Income Trust (PIM)

Citi announced today that it was discontinuing coverage of Putnam Master Intermediate Income Trust (PIM). The bank cited a re-evaluation of their coverage universe as reason for their move, and said that going forward they will be "focusing on a more strategic view of the closed-end fund categories and sectors." Citi stated that PIM is "In-Line, High Risk (2H)" as its final recommendation.