Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 215

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 215
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 without shareholder approval. |

| Ø | Putnam will vote on a case-by-case basis on subsidiary director nominees if Putnam will be voting against the nominees of 
 the parent company’s board.                                                                                               |

| Ø | Putnam will vote on a case-by-case basis for director nominees, including nominees for positions on Supervisory Boards or          
 Supervisory Committees, or similar board entities (depending on board structure), for (re)election when cumulative voting applies. |

| Ø | Putnam will vote for proposals to approve annual directors’ fees, except that Putnam will vote on a case-by-case                
 basis if Putnam’s independent proxy voting service has recommended a vote against such proposal. Additionally, Putnam will vote 
 for proposals to approve the grant of equity awards to directors, except that Putnam will consider these proposals on a         
 case-by-case basis if Putnam’s proxy service provider is recommending a vote against the proposal.                              |

Classified Boards

| Ø | Putnam will vote against proposals to classify a board, absent special circumstances indicating that shareholder interests 
 would be better served by this structure.                                                                                  |

Ratification of Auditors

| Ø | Putnam will vote on a case-by-case basis on proposals to ratify the selection of independent auditors if there is evidence 
 that the audit firm’s independence or the integrity of an audit is compromised. (Otherwise, Putnam will vote for.)         |

Contested Elections of Directors

| Ø | Putnam will vote on a case-by-case basis in contested elections of directors. |

B. Executive Compensation

Putnam will vote on a case-by-case basis on board-approved
proposals relating to executive compensation, except as follows:

| Ø | Putnam will vote for stock option and restricted stock plans that will result in an average annual dilution of 1.67% or                 
 less (based on the disclosed term of the plan and including all equity-based plans), except where Putnam would otherwise be withholding 
 votes for the entire board of directors in which case Putnam will evaluate the plans on a case-by-case basis.                           |

| Ø | Putnam will vote against stock option and restricted stock plans that will result in an average annual dilution of greater 
 than 1.67% (based on the disclosed term of the plan and including all equity plans).                                       |

| Ø | Putnam will vote against any stock option or restricted stock plan where the company’s actual grants of stock options                     
 and restricted stock under all equity-based compensation plans during the