Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 171

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 171
---

and

cash

equivalents,

that

differ

from

the

fund’s

usual

investment

strategies.

However,

we

may

choose

not

to

use

these

temporary

defensive

strategies

for

a

variety

of

reasons,

even

in

very

volatile

market

conditions.

If

we

do

employ

these

strategies,

the

fund

may

miss

out

on

investment

opportunities,

and

may

not

achieve

its

goal.

Additionally,

while

temporary

defensive

strategies

are

mainly

designed

to

limit

losses,

they

may

not

work

as

intended.

#### •

#### Changes

#### in

#### policies.
The

Trustees

may

change

the

fund’s

goal,

investment

strategies

and

other

policies

without

shareholder

approval,

except

in

circumstances

in

which

shareholder

approval

is

specifically

required

by

law

(such

as

changes

to

fundamental

investment

policies)

or

where

a

shareholder

approval

requirement

was

specifically

disclosed

in

the

fund’s

prospectus,

statement

of

additional

information

or

shareholder

report

and

is

otherwise

still

in

effect.

#### The

#### Fund’s

#### Fundamental

#### Investment

#### Policies
The

fund

has

adopted

the

following

investment

restrictions

which

may

not

be

changed

without

the

affirmative

vote

of

a

“majority

of

the

outstanding

voting

securities”

of

the

fund

(which

is

defined

in

the

Investment

Company

Act

of

1940,

as

amended,

(the

“1940

Act”)

to

mean

the

affirmative

vote

of

the

lesser

of

(1)

more

than

50%

of

the

outstanding

shares

of

the

fund,

or

(2)

67%

or

more

of

the

shares

present

at

a

meeting

if

more

than

50%

of

the

out