Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 216

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 216
---
 prior three (3) fiscal years have resulted in an average annual 
 dilution of greater than 1.67%.                                                                                                           |

| Ø | Additionally, if the annualized dilution cannot be calculated, Putnam will vote for plans where the Total Potential Dilution               
 is 5% or less. If the annualized dilution cannot be calculated and the Total Potential Dilution exceeds 5%, then Putnam will vote against. 
 Note: Such plans must first pass all of Putnam’s other screens.                                                                            |

| Ø | Putnam will vote proposals to issue equity grants to executives on a case-by-case basis. |

| Ø | Putnam will vote against stock option plans that permit replacing or repricing of underwater options (and against 
 any proposal to authorize such replacement or repricing of underwater options).                                   |

| Ø | Putnam will vote against stock option plans that permit issuance of options with an exercise price below the stock’s 
 current market price.                                                                                                |

| Ø | Putnam will vote against stock option plans/ restricted stock plans with evergreen features providing for automatic share 
 replenishment.                                                                                                            |

| Ø | Putnam will vote for bonus plans under which payments are treated as performance-based compensation that is deductible under Section 
 162(m) of the Internal Revenue Code of 1986, as amended, except as follows:                                                          |

Vote on a case-by-case basis on such proposals
if any of the following circumstances exist:

| • | the amount per employee under the plan is unlimited, or |

| • | the maximum award pool is undisclosed, or |

| • | the incentive bonus plan’s performance criteria are undisclosed, or |

| • | the independent proxy voting service recommends a vote against. |

| Ø | Putnam will vote in favor of the annual presentation of advisory votes on executive compensation (Say-on-Pay). |

| Ø | Putnam will generally vote for advisory votes on executive compensation (Say-on-Pay). However, Putnam will vote against                     
 an advisory vote if the company fails to effectively link executive compensation to company performance according to benchmarking performed 
 by the independent proxy voting service.                                                                                                    |

| • | Putnam will review the proposal on a case-by-case basis if there is no recommendation of the independent proxy voting service. |

| Ø | Putnam will vote on a case-by-case basis on severance agreements (e.g., golden and tin parachutes) |

| Ø | Putnam will withhold votes from members of a Board of Directors which has approved compensation arrangements