Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 200

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 200
---

Fees

are

paid

by

the

Manager,

not

the

Fund,

although

the

Board

noted

the

affiliation

of

the

Manager

with

the

Sub-Advisers.

The

profitability

of

the

Manager

and

its

affiliates

was

considered

by

the

Board

to

be

reasonable

in

view

of

the

nature,

extent

and

quality

of

services

provided

to

the

Fund.

#### Economies

#### of

#### Scale
The

Board

received

and

discussed

Contract

Renewal

Information

concerning

whether

the

Manager

realizes

economies

of

scale

if

the

Fund’s

assets

grow.

The

Board

noted

that

because

the

Fund

is

a

closed-end

fund,

it

has

limited

ability

to

increase

its

assets.

The

Board

determined

that

the

### management
fee

structure

was

appropriate

under

the

circumstances.

For

similar

reasons

as

stated

above

with

respect

to

the

Sub-Advisers’

profitability

and

the

costs

of

the

Sub-Advisers’

provision

of

services,

the

Board

did

not

consider

the

potential

for

economies

of

scale

in

the

Sub-

Advisers’

### management
of

the

Fund

to

be

a

material

factor

in

the

Board’s

consideration

of

the

Sub-Advisory

Agreements.

#### Other

#### Benefits

#### to

#### the

#### Manager

#### and

#### the

#### Sub-Advisers
The

Board

considered

other

benefits

received

by

the

Manager,

the

Sub-Advisers

and

their

affiliates

as

a

result

of

their

relationship

with

the

Fund,

including

the

opportunity

to

offer

additional

products

and

services

to

the

Fund’s

stockholders.

In

view

of

the

costs

of

providing

investment

### management
and

other