Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 224

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 224
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-related services to the company or to senior management and a list of all public company clients where the 
 Company’s executives serve as a director.)                                                                                              |

| Ø | Putnam will vote for shareholder proposals requiring companies to accelerate vesting of equity awards under management severance 
 agreements only if both of the following conditions are met:                                                                     |

| • | the company undergoes a change in control, and |

| • | the change in control results in the termination of employment for the person receiving the severance payment. |

| Ø | Putnam will vote for shareholder proposals requiring that the chair’s position be filled by an independent director                           
 (separate chair/CEO). However, Putnam will vote on a case-by-case basis on such proposals when the company’s board has a                      
 lead-independent director (or already has an independent or separate chair) and Putnam is supporting the nominees for the board of directors. |

| Ø | Putnam will vote for shareholder proposals seeking the submission of golden coffins to a shareholder vote or the elimination 
 of the practice altogether.                                                                                                  |

| Ø | Putnam will vote for shareholder proposals seeking a policy that forbids any director who receives more than 25% withhold                   
 votes cast (based on for and withhold votes) from serving on any key board committee for two years and asking the board to find replacement 
 directors for the committees if need be.                                                                                                    |

| Ø | Putnam will vote for shareholder proposals urging the board to seek shareholder approval of severance agreements (e.g., 
 golden and tin parachutes).                                                                                             |

| • | However, Putnam will vote against such proposals when the company has a policy that minimally requires shareholder approval      
 of severance agreements for executives that provides for cash severance benefits exceeding 2.99 times the sum of the executive’s 
 base salary plus target annual non-equity incentive plan bonus opportunity.                                                      |

Putnam will vote on a case-by-case basis on approving such
compensation arrangements.

| Ø | Putnam will vote for shareholder proposals requiring companies to make cash payments under management severance agreements            
 only if both of the following conditions are met: the company undergoes a change in control, and the change in control results in the 
 termination of employment for the person receiving the severance payment.                                                             |

| Ø | Putnam will vote on a case-by-case basis on shareholder proposals to limit a company’s ability to make excise tax            
 gross-up payments under management severance agreements as well as proposals to limit income or other