Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 227

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 227
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 vote for proposals to authorize share repurchase programs that are recommended for approval by Putnam’s              
 proxy voting service provider, otherwise Putnam will vote against such proposals; except that Putnam will vote on a case-by-case 
 basis if there are concerns that there may be abusive practices related to the share repurchase programs.                        |

| Ø | Putnam will vote against authorizations to repurchase shares or issue shares or convertible debt instruments with or without                
 preemptive rights when such authorization can be used as a takeover defense without shareholder approval. Putnam will not apply this policy 
 to a company with a shareholder who controls more than 50% of its voting rights.                                                            |

| Ø | Putnam will generally vote for proposals that include debt issuances, however substantive/non-routine proposals, and proposals 
 that fall outside of normal market practice or reasonable standards, will be reviewed on a case-by-case basis.                 |

| Ø | Putnam will vote for board-approved routine, market-practice proposals. These proposals are limited to (1) those issues                                                                             
 that will have little or no economic impact, such as technical, editorial, or mandatory regulatory compliance items, (2) those issues                                                               
 that will not adversely affect and/or which clearly improve shareholder rights/values, and which do not violate Putnam’s proxy voting                                                               
 guidelines, or (3) those issues that do not seek to deviate from existing laws or regulations. Examples include but are not limited to, related party transactions (non-strategic), profit-and-loss 
 transfer agreements (Germany), authority to increase paid-in capital (Taiwan). Should any unusual circumstances be identified concerning                                                            
 a normally routine issue, such proposals will be referred back to Putnam for internal review.                                                                                                       |

| Ø | Putnam will generally vote for proposals regarding amendments seeking to expand business lines or to amend the corporate         
 purpose, provided the proposal would not include a significant or material departure from the company’s current business, and/or 
 will provide the company with greater flexibility in the performance of its activities.                                          |

| Ø | Putnam will normally vote for management proposals concerning allocation of income and the distribution of dividends. However,           
 Putnam portfolio teams will override this guideline when they conclude that the proposals are outside the market norms (i.e., those seen 
 as consistently and unusually small or large compared to market practices).                                                              |

| Ø | Putnam will generally vote for proposals seeking to adjust the par value of common stock. However, non-routine, substantive 
 proposals will be reviewed