Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 207

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 207
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 for setting general policy as to proxies.
Specifically, the Committee:

| 1. | Reviews these procedures and the Proxy Voting Guidelines annually and approves any amendments considered to 
 be advisable.                                                                                               |

| 2. | Considers special proxy issues as they may from time to time arise. |

| 3. | Must approve all vote overrides recommended by investment professionals. |

Proxy Voting Administration

The Putnam Sustainability Strategy group administers Putnam’s proxy
voting through a Proxy Voting Team. The Proxy Voting Team has the following duties:

| 1. | Annually prepares the Proxy Voting Guidelines and distributes them to the Proxy Committee for review. |

| 2. | Coordinates the Proxy Committee’s review of any new or unusual proxy issues and serves as Secretary thereto |

| 3. | Manages the process of referring issues to portfolio managers for voting instructions. |

| 4. | Oversees the work of any third-party vendor hired to process proxy votes (as of the date of these procedures Putnam has engaged Institutional 
 Shareholder Services (ISS) to process proxy votes) and the process of setting up the voting process with ISS and custodial banks for new      
 clients.                                                                                                                                      |

| 5. | Coordinates responses to investment professionals’ questions on proxy issues and proxy policies, including forwarding specialized 
 proxy research from ISS and other vendors and forwards information to investment professionals prepared by other areas at Putnam. |

| 6. | Implements the exception process with respect to referred items on securities held solely in accounts managed by the Global Asset Allocation 
 (“GAA”) team within Franklin Templeton Investment Solutions described in more detail in the Proxy Referral section below.                    |

| 7. | Maintains required records of proxy votes on behalf of the appropriate Putnam client accounts. |

| 8. | Prepares and distributes reports required by Putnam clients. |

Proxy Voting Guidelines

Putnam maintains written voting guidelines (“Guidelines”) setting
forth voting positions determined by the Proxy Committee on those issues believed most likely to arise day to day. The Guidelines may
call for votes to be cast normally in favor of or opposed to a matter or may deem the matter an item to be referred to investment professionals
on a case-by-case basis. A copy of the Guidelines is attached to this memorandum as Exhibit A.

In light of our views on the importance of issuer governance and investor
engagement, which we believe are applicable across our various strategies and clients, regardless of a specific portfolio’s investment
objective,