PPT Research | Milton Maxwell

PPT

Putnam Premier Income Trust

3.5000

-0.0100-0.29%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

334.49M

P/E (TTM)

13.46

Basic EPS (TTM)

0.26

Dividend Yield

0.09%

Recent Filings

8-K

Rescinds control share provisions

11/17/23Nov 17, 2023

Putnam Premier Income Trust rescinded its control share acquisition provisions from the bylaws on November 17, 2023, easing voting restrictions for shareholders acquiring 10%+ stakes—previously subject to non-interested shareholder approval, though exempted since February. Board simultaneously adopted a policy mandating investment-grade average portfolio ratings at purchase. Governance simplified.

8-K

Franklin to acquire Putnam Holdings

5/31/23May 31, 2023

Franklin Resources announced on May 31, 2023, a definitive agreement to acquire Putnam Holdings from Great-West Lifeco Inc. in a stock-and-cash deal, making Putnam Management an indirect subsidiary. This triggers automatic termination of Putnam Funds' investment management contracts, requiring Board and shareholder approvals for new ones. Closing eyed for Q4 2023, pending regulatory nods. Contracts must be renewed.

8-K

Bylaws amended, control shares exempted

2/28/23Feb 28, 2023

Putnam Premier Income Trust amended its Bylaws on February 23, 2023, adding Vice Chair provisions, clarifying record dates for adjourned shareholder meetings, and ensuring proxy validity across postponements. Trustees simultaneously exempted all prior and future share purchases from control share acquisition restrictions under Article 15. Governance streamlined. No financial impacts disclosed.

8-K

Bylaws block activist voting

9/23/20Sep 23, 2020

Putnam Premier Income Trust amended its bylaws on September 18, 2020, adding a Control Share Amendment to curb activist investor influence. It restricts voting rights for shares acquired crossing 10%, 20%, 33%, or 50% voting power thresholds unless approved by non-interested shareholders. Pre-2020 holdings exempt. Defends shareholder interests from takeovers.

About

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States.

CEO

Ms. Janet C. Smith

IPO

2/19/1988

Website

https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/80-premier-income-trust

Sector

Financial Services

Industry

Asset Management