Company: PPT
Filing Date: 2025-03-27
Form Type: N-CSRS
Source: 0000928816-25-000406
Chunk: 27

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-03-27
Form: N-CSRS
Chunk 27
---
 fund may purchase or sell investments from or to other Putnam funds in the ordinary course of business, which can reduce the fund’s transaction costs, at prices determined in accordance with SEC requirements and policies approved by the Trustees. During the reporting period, purchases or sales of long-term securities from or to other Putnam funds, if any, did not represent more than 5% of the fund’s total cost of purchases and/or total proceeds from sales. Note 4: Shares repurchased In September 2024, the Trustees approved the renewal of the repurchase program to allow the fund to repurchase up to 10% of its outstanding common shares over the 365 day period ending September 30, 2025 (based on shares outstanding as of September 30, 2024). Prior to this renewal, the Trustees had approved a repurchase program to allow the fund to repurchase up to 10% of its outstanding common shares over the 366 day period ending September 30, 2024 (based on shares outstanding as of September 30, 2023). Repurchases are made when the fund’s shares are trading at less than net asset value (and, therefore, increase the net asset value per share of the fund’s remaining shares) and in accordance with procedures approved by the fund’s Trustees. For the reporting period, the fund repurchased 30,484 common shares for an aggregate purchase price of $107,871, which reflects a weighted-average discount from net asset value per share of 7.12%. The weighted-average discount reflects the payment of commissions by the fund to execute repurchase trades. For the previous fiscal year, the fund repurchased 1,117,282 common shares for an aggregate purchase price of $3,872,140, which reflected a weighted-average discount from net asset value per share of 7.92%. The weighted-average discount reflected the payment of commissions by the fund to execute repurchase trades.

| Premier Income Trust 55 |

At the close of the reporting period, Putnam Investments, LLC owned approximately 5,642 shares of the fund (0.01% of the fund’s shares outstanding), valued at $21,270 based on net asset value. Note 5: Affiliated transactions Transactions during the reporting period with any company which is under common ownership or control, or involving securities of companies in which the fund owned at least 5% of the outstanding voting securities, were as follows:

|                        |               |             |             |            |  Change in |