[SCHEDULE 13D/A] Putnam Premier Income Trust SEC Filing
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report beneficial ownership of 26,818,489 shares of Putnam Premier Income Trust common stock, representing 28.0% of 95,567,537 shares outstanding as stated in the filing. The shares are held in client accounts and the Sit entities report shared voting and shared dispositive power over those shares; neither SIA's nor SFI's directors or executive officers directly own shares. The filing is an amendment to a prior Schedule 13D and notes that a schedule of transactions in the last 60 days is provided as an exhibit.
Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC dichiarano la proprietà beneficiaria di 26.818.489 azioni del capitale sociale ordinario di Putnam Premier Income Trust, pari al 28,0% delle 95.567.537 azioni in circolazione indicate nel deposito. Le azioni sono detenute in conti clienti e le entità Sit segnalano di avere la potestà di voto condivisa e il potere dispositivo condiviso su tali azioni; né i direttori né i dirigenti di SIA o SFI possiedono azioni direttamente. Il deposito è una modifica a un precedente Schedule 13D e indica che un prospetto delle transazioni degli ultimi 60 giorni è allegato come exhibit.
Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC informan la propiedad beneficiaria de 26.818.489 acciones del capital social ordinario de Putnam Premier Income Trust, lo que representa el 28,0% de las 95.567.537 acciones en circulación según consta en la presentación. Las acciones están en cuentas de clientes y las entidades Sit declaran tener poder de voto compartido y poder dispositvo compartido sobre esas acciones; ni los directores ni los altos ejecutivos de SIA o SFI poseen acciones directamente. La presentación es una enmienda a un Schedule 13D previo y señala que se adjunta como anexo un registro de las transacciones de los últimos 60 días.
Sit Investment Associates, Inc.와 Sit Fixed Income Advisors II, LLC는 Putnam Premier Income Trust 보통주 26,818,489주에 대한 실질 소유를 보고했으며, 이는 제출서에 기재된 발행주식 95,567,537주의 28.0%에 해당합니다. 해당 주식은 고객 계좌에 보관되어 있으며 Sit 계열사는 해당 주식에 대해 공동 의결권 및 공동 처분권을 보유한다고 보고했습니다; SIA나 SFI의 이사나 최고경영진은 주식을 직접 소유하고 있지 않습니다. 이번 제출은 이전 Schedule 13D의 수정본이며, 최근 60일간 거래 내역 표를 첨부서류로 제공한다고 명시되어 있습니다.
Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC déclarent la propriété bénéficiaire de 26 818 489 actions des actions ordinaires de Putnam Premier Income Trust, représentant 28,0% des 95 567 537 actions en circulation indiquées dans le dépôt. Les actions sont détenues dans des comptes clients et les entités Sit déclarent disposer du droit de vote conjoint et du pouvoir dispositif conjoint sur ces actions ; ni les administrateurs ni les dirigeants de SIA ou SFI ne possèdent d’actions directement. Le dépôt constitue un amendement à un Schedule 13D précédent et précise qu’un relevé des transactions des 60 derniers jours est fourni en annexe.
Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC geben den wirtschaftlichen Besitz von 26.818.489 Aktien der Stammaktien von Putnam Premier Income Trust an, was 28,0% der laut Einreichung ausstehenden 95.567.537 Aktien ausmacht. Die Aktien werden in Kundenkonten gehalten, und die Sit-Gesellschaften melden gemeinsames Stimmrecht und gemeinsames Verfügungsrecht über diese Aktien; weder die Direktoren noch die leitenden Angestellten von SIA oder SFI besitzen Aktien direkt. Die Einreichung ist eine Änderung zu einem früheren Schedule 13D und weist darauf hin, dass als Anlage ein Verzeichnis der Transaktionen der letzten 60 Tage beigefügt ist.
- Holds 26,818,489 shares, representing 28.0% of outstanding common stock (explicit in filing)
- Shared voting power over a material block, which could provide influence in shareholder matters
- No sole voting or dispositive power reported, indicating no unilateral control
- Shares held in client accounts, suggesting managed exposure rather than direct insider commitment
Insights
TL;DR: A substantial 28% position is disclosed, held in client accounts with shared control, signaling material influence but not sole control.
The Sit entities' 28.0% stake is a material holding relative to outstanding shares and could affect governance outcomes if votes are coordinated with other holders. Because the shares are held in client accounts and voting/dispositive power is shared, the position likely reflects managed client exposure rather than a direct corporate-control intent by insiders. The filing references recent transactions in an exhibit, which investors should review for changes in position size or trading patterns.
TL;DR: Reporting of shared voting power over 28% is governance-relevant but stops short of indicating unilateral control.
The disclosure that Sit entities have shared voting and dispositive power over 28% of the shares is governance-significant because it creates potential influence over shareholder votes and board matters. However, absence of sole voting power and the fact shares are in client accounts indicate a fiduciary/manager relationship rather than direct insider ownership. The exhibit of recent transactions will clarify whether the stake is stable or being adjusted, which has governance implications.
Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC dichiarano la proprietà beneficiaria di 26.818.489 azioni del capitale sociale ordinario di Putnam Premier Income Trust, pari al 28,0% delle 95.567.537 azioni in circolazione indicate nel deposito. Le azioni sono detenute in conti clienti e le entità Sit segnalano di avere la potestà di voto condivisa e il potere dispositivo condiviso su tali azioni; né i direttori né i dirigenti di SIA o SFI possiedono azioni direttamente. Il deposito è una modifica a un precedente Schedule 13D e indica che un prospetto delle transazioni degli ultimi 60 giorni è allegato come exhibit.
Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC informan la propiedad beneficiaria de 26.818.489 acciones del capital social ordinario de Putnam Premier Income Trust, lo que representa el 28,0% de las 95.567.537 acciones en circulación según consta en la presentación. Las acciones están en cuentas de clientes y las entidades Sit declaran tener poder de voto compartido y poder dispositvo compartido sobre esas acciones; ni los directores ni los altos ejecutivos de SIA o SFI poseen acciones directamente. La presentación es una enmienda a un Schedule 13D previo y señala que se adjunta como anexo un registro de las transacciones de los últimos 60 días.
Sit Investment Associates, Inc.와 Sit Fixed Income Advisors II, LLC는 Putnam Premier Income Trust 보통주 26,818,489주에 대한 실질 소유를 보고했으며, 이는 제출서에 기재된 발행주식 95,567,537주의 28.0%에 해당합니다. 해당 주식은 고객 계좌에 보관되어 있으며 Sit 계열사는 해당 주식에 대해 공동 의결권 및 공동 처분권을 보유한다고 보고했습니다; SIA나 SFI의 이사나 최고경영진은 주식을 직접 소유하고 있지 않습니다. 이번 제출은 이전 Schedule 13D의 수정본이며, 최근 60일간 거래 내역 표를 첨부서류로 제공한다고 명시되어 있습니다.
Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC déclarent la propriété bénéficiaire de 26 818 489 actions des actions ordinaires de Putnam Premier Income Trust, représentant 28,0% des 95 567 537 actions en circulation indiquées dans le dépôt. Les actions sont détenues dans des comptes clients et les entités Sit déclarent disposer du droit de vote conjoint et du pouvoir dispositif conjoint sur ces actions ; ni les administrateurs ni les dirigeants de SIA ou SFI ne possèdent d’actions directement. Le dépôt constitue un amendement à un Schedule 13D précédent et précise qu’un relevé des transactions des 60 derniers jours est fourni en annexe.
Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC geben den wirtschaftlichen Besitz von 26.818.489 Aktien der Stammaktien von Putnam Premier Income Trust an, was 28,0% der laut Einreichung ausstehenden 95.567.537 Aktien ausmacht. Die Aktien werden in Kundenkonten gehalten, und die Sit-Gesellschaften melden gemeinsames Stimmrecht und gemeinsames Verfügungsrecht über diese Aktien; weder die Direktoren noch die leitenden Angestellten von SIA oder SFI besitzen Aktien direkt. Die Einreichung ist eine Änderung zu einem früheren Schedule 13D und weist darauf hin, dass als Anlage ein Verzeichnis der Transaktionen der letzten 60 Tage beigefügt ist.
FAQ
How many shares of Putnam Premier Income Trust (PPT) do the Sit entities report owning?
What percentage of PPT does the Sit group own according to the filing?
Do the Sit entities have sole voting power over the shares?
Are the reported shares owned directly by Sit executives or held in client accounts?
Does the filing include recent transactions for these shares?
