Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 222

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 222
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 shareholders to ask questions during the meeting |

| o | including time guidelines for shareholder questions |

| o | rules around what types of questions are allowed |

| o | and rules for how questions and comments will be recognized and disclosed to meeting participants |

| o | the manner in which appropriate questions received during the meeting will be addressed by the board |

| • | procedures, if any, for posting appropriate questions received during the meeting and the company’s answers on the investor page 
 of their website as soon as is practical after the meeting                                                                       |

| • | technical and logistical issues related to accessing the virtual meeting platform; and |

| • | procedures for accessing technical support to assist in the event of any difficulties accessing the virtual meeting |

Putnam may vote against proposals that do not meet these criteria.

Additionally, Putnam may vote agains the Chair of
the Governance Committee when the board is planning to hold a virtual-only shareholder meeting and the company has not provided sufficient
disclosure (as noted above) or shareholder access to the meeting.

| Ø | Putnam will vote for proposals to approve a company’s board-approved climate transition action plan (“say on                         
 climate” proposals in which the company’s board proposes that shareholders indicate their support for the company’s                  
 plan), unless the proxy voting service has recommended a vote against the proposal, in which case Putnam will vote on a case-by-case 
 basis on the proposal.                                                                                                               |

| Ø | Putnam will vote on a case-by-case basis on board-approved proposals that conflict with shareholder proposals. |

II. Shareholder Proposals

Shareholder proposals are non-binding votes that are often opposed by management.
Some proposals relate to matters that are financially immaterial to the company’s business, while others may be impracticable or
costly for a company to implement. At the same time, well-crafted shareholder proposals may serve the purpose of raising issues that are
material to a company’s business for management’s consideration and response. Putnam seeks to weigh the costs of different
types of proposals against their expected financial benefits. More specifically:

Putnam will vote in accordance with the recommendation of the company’s board of directors on all shareholder proposals, except as follows:

| Ø | Putnam will vote for shareholder proposals that are consistent with Putnam’s proxy voting guidelines for board-approved 
 proposals.                                                                                                              |

| Ø | Putnam will vote for shareholder proposals to declassify a board, absent special circumstances which would indicate that 
 shareholder interests are better served by a classified board structure.                                                 |