Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 242

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 242
---
 nominations not less than 30 days prior                  
 to the date of the annual meeting. For Advance Notice provisions where the minimum number of days to submit a shareholder nominee is less 
 than 30 days prior to the meeting date, Putnam will vote on a case-by-case basis. Putnam will also vote on a case-by-case                 
 basis if the company’s policy expressly prohibits the commencement of a new notice period in the event the originally scheduled           
 meeting is adjourned or postponed.                                                                                                        |

Hong Kong

| Ø | Putnam will vote for proposals to approve a general mandate permitting the company to engage in non-pro rata share issuances 
 of up to 20% of total equity in a year if the company’s board meets Putnam’s independence standards; if the company’s        
 board does not meet Putnam’s independence standards, then Putnam will vote against these proposals.                          |

Additionally, Putnam will vote for proposals to approve
the reissuance of shares acquired by the company under a share repurchase program, provided that: (1) Putnam supported (or would have
supported, in accordance with these guidelines) the share repurchase program, (2) the reissued shares represent no more than 10% of the
company’s outstanding shares (measured immediately before the reissuance), and (3) the reissued shares are sold for no less than
85% of current market value.

This policy supplements policies regarding share issuances as stated above
under section III. Voting Shares of Non-US Issuers.

Taiwan

| Ø | Putnam will vote against proposals to release the board of directors from the non-compete restrictions specified in Taiwanese 
 Company Law. However, Putnam will vote for such proposals if the directors are engaged in activities with a wholly- owned     
 subsidiary of the company.                                                                                                    |

Australia

| Ø | Putnam will vote for proposals renewing partial takeover provisions. |

| Ø | Putnam will vote on a case-by-case basis on Board-Spill proposals. |

Turkey

| Ø | Putnam will vote on a case-by-case basis on proposals involving related party transactions. However, Putnam will vote against          
 when such proposals do not provide information on the specific transaction(s) to be entered into with the board members or executives. |

| ITEM 13. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |

(a)(1) Portfolio Managers.The officers
of the investment manager identified below are primarily