Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 208

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 208
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 Putnam will vote all proxies in accordance with the Guidelines, subject to two exceptions as follows:

| 1. | If the portfolio managers of client accounts holding the stock of a company with a proxy vote believe that                            
 following the Guidelines in any specific case would not be in the clients’ best interests, they may request the Proxy Voting Team     
 not to follow the guidelines in such case. The request must be in writing and include an explanation of the rationale for             
 doing so. The Proxy Voting Team will review any such request with the Proxy Committee (or, in cases with limited time, with the Chair 
 of the Proxy Committee acting on the Proxy Committee’s behalf) prior to implementing the request.                                     |

| 2. | Putnam may accept instructions to vote proxies under client specific guidelines subject to review and acceptance by the Investment Division 
 and the Legal and Compliance Department.                                                                                                    |

Other

| 1. | Putnam may elect not to vote when the security is no longer held. |

| 2. | Putnam will abstain on items that require case-by-case review when a vote recommendation from the appropriate investment                
 professional(s) cannot be obtained due to restrictive voting deadlines or other prohibitive operational or administrative requirements. |

| 3. | Where securities held in Putnam client accounts, including the Putnam mutual funds, have been loaned to third parties in connection with  
 a securities lending program administered by Putnam (through securities lending agents overseen by Putnam), Putnam has instructed lending 
 agents to recall U.S. securities on loan to vote proxies, in accordance with Putnam’s securities lending procedures Due to differences    
 in non-U.S. markets, Putnam does not currently seek to recall non-U.S. securities on loan. In addition, where Putnam does not administer  
 a client’s securities lending program, this recall policy does not apply, since Putnam generally does not have information on loan        
 details or authority to effect recalls in those cases. It is possible that, for impracticability or other reasons, a recalled security    
 may not be returned to the relevant custodian in time to allow Putnam to vote the relevant proxy.                                         |

| 4. | Putnam will make its reasonable best efforts to vote all proxies except when impeded by circumstances that are reasonably beyond its control 
 and responsibility, such as custodial proxy voting services, in part or whole, not available or not established by a client, or custodial    
 error.                                                                                                                                       |

Proxy Voting Referrals

Under the