Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 230

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 230
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 of 
 the committee (who should not be the board chair), should be independent directors, or                                                  |

| • | the board has not established nominating and compensation committees each composed of a majority of independent, non-executive directors, 
 with an independent chair.                                                                                                                |

Brazil

| Ø | Putnam will vote against proposals requesting cumulative voting unless there are more candidates than number of seats available, 
 in which case vote for.                                                                                                          |

| Ø | Putnam will vote for proposals for the proportional allocation of cumulative votes if Putnam is supporting the entire slate 
 of nominees. Putnam will vote against such proposals if Putnam is not supporting the entire slate.                          |

| Ø | Putnam will abstain on individual director allocation proposals if Putnam is voting for the proportional allocation of cumulative 
 votes. Putnam will vote on a case-by-case basis on individual director allocation proposals if Putnam is voting against           
 the proportional allocation of votes.                                                                                             |

| Ø | Putnam will vote for proposals to cumulate votes of common and preferred shareholders if the nominees are known and Putnam     
 is supporting the applicable nominees; Putnam will vote against such proposals if Putnam is not supporting the known nominees, 
 or if the nominees are unknown.                                                                                                |

| Ø | Putnam will generally vote against proposals seeking the recasting of votes for amended slate (as new candidates could be 
 included in the amended slate without prior disclosure to shareholders).                                                  |

| Ø | Putnam will vote against proposals regarding instructions if meeting is held on second call if election of directors is 
 part of the recasting as the slate can be amended without (prior) disclosure to shareholders.                           |

| Ø | Putnam will vote against proposals regarding the casting of minority votes to the candidate with largest number of votes. |

Canada

Canadian corporate governance requirements mirror corporate governance reforms
that have been adopted by the NYSE and other U.S. national securities exchanges and stock markets. As a result, Putnam will vote on matters
relating to the board of directors of Canadian issuers in accordance with the guidelines applicable to U.S. issuers.

: Like the UK’s Combined Code on Corporate Governance,
the policies on corporate governance issued by Canadian securities regulators embody the “comply and explain” approach to
corporate governance. Because Putnam believes that the board independence standards contained in the proxy voting guidelines are integral
to the protection of investors in Canadian companies, these standards will be applied in a prescriptive manner.

Continental Europe (ex-German