Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 189

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 189
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and

the

Fund’s

manager,

Franklin

Advisers,

Inc.

(the

“Manager”),

and

the

sub-advisory

agreements

(individually,

a

“Sub-

Advisory

Agreement,”

and

collectively,

the

“Sub-Advisory

Agreements”)

with

the

Manager’s

affiliates,

Franklin

Templeton

Investment

### Management
Limited

(“FTIML”)

and

Putnam

Investment

Management,

LLC

(“PIM,”

and

together

with

FTIML,

the

“Sub-Advisers”),

with

respect

to

the

Fund.

At

an

in-person

meeting

(the

“Contract

Renewal

Meeting”)

held

on

May

8-9,

2025,

the

Board,

including

the

Independent

Trustees,

considered

and

approved

the

continuation

of

each

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreements

for

an

additional

one-year

period.

To

assist

in

its

consideration

of

the

renewal

of

each

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreements,

the

Board

received

and

considered

extensive

information

(together

with

the

information

provided

at

the

Contract

Renewal

Meeting,

the

“Contract

Renewal

Information”)

about

the

Manager

and

the

Sub-Advisers,

as

well

as

the

### management
and

sub-

advisory

arrangements

for

the

Fund

and

the

other

closed-

end

funds

in

the

same

complex

under

the

Board’s

purview

(the

“Franklin

Templeton

Closed-end

Funds”),

certain

portions

of

which

are

discussed

below.

The

Board

noted

that

although

it

recently

assumed

oversight

responsibilities

for

the

Fund,

which

was

previously

overseen

by

another

board,

certain

information

the