Sit entities report 29.1% stake in Putnam Premier Income Trust

Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed Amendment No. 12 to a Schedule 13D disclosing their beneficial ownership in Putnam Premier Income Trust common stock.

Rhea-AI Filing Summary

Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed Amendment No. 12 to a Schedule 13D disclosing their beneficial ownership in Putnam Premier Income Trust common stock.

The Sit entities report beneficial ownership of 27,790,046 shares, representing 29.1% of the outstanding common shares. This percentage is based on 95,567,537 shares outstanding as of July 31, 2025, as reported by the fund. The shares are held in client accounts for which the Sit entities have shared voting and investment power.

The filing notes that clients of the Sit entities are entitled to dividends and sale proceeds from the shares held for their accounts, and that the directors and executive officers of the Sit entities do not directly own these shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the latest Schedule 13D/A report for Putnam Premier Income Trust (PPT)?

The filing reports that Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC have updated their Schedule 13D ownership disclosure for Putnam Premier Income Trust common stock.

How many PPT shares do the Sit entities report beneficially owning?

The Sit entities report beneficial ownership of 27,790,046 shares of Putnam Premier Income Trust common stock, held in client accounts.

What percentage of Putnam Premier Income Trust (PPT) is owned by the Sit entities?

The Sit entities state that their 27,790,046 shares represent 29.1% of Putnam Premier Income Trust's outstanding common shares.

What share count did the Sit entities use to calculate their 29.1% PPT stake?

They based the calculation on 95,567,537 shares outstanding as of July 31, 2025, as reported in Putnam Premier Income Trust’s Form N-CSR.

Who has voting and dispositive power over the PPT shares in this 13D/A?

Each of the Sit entities may be deemed to have shared power to vote and dispose of the 27,790,046 shares held in client accounts.

Do Sit executives personally own the reported PPT shares?

The filing states that none of the directors or executive officers of Sit Investment Associates or Sit Fixed Income Advisors II directly own the shares.

Who signed the Schedule 13D/A amendment for the Sit entities?

The amendment was signed by Roger J. Sit as Chairman & CEO for each reporting entity on November 21, 2025.

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Accepted by SEC EDGAR 11/21/2025 - 12:22 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)

Putnam Premier Income Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

746853100

(CUSIP Number)

Paul E. Rasmussen
80 South Eighth Street, Suite 3300
Minneapolis, MN, 55402-4130
612-332-3223

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/19/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 746853100

1

Name of reporting person

Sit Investment Associates, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 27,790,046.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 27,790,046.00

11

Aggregate amount beneficially owned by each reporting person

27,790,046.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

29.1 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP No. 746853100

1

Name of reporting person

Sit Fixed Income Advisors II, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 27,790,046.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 27,790,046.00

11

Aggregate amount beneficially owned by each reporting person

27,790,046.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

29.1 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Putnam Premier Income Trust
(c)	Address of Issuer's Principal Executive Offices: 100 FEDERAL STREET, BOSTON, MASSACHUSETTS , 02110.
Item 1 Comment: This Amendment No. 12 ("Amendment") amends and supplements the statement on Schedule 13D filed on October 2, 2023, and amended by Amendment No. 1 filed on January 4, 2024, Amendment No. 2 filed on April 3, 2024, Amendment 3 filed on May 7, 2024, Amendment No. 4 filed on September 9, 2024, Amendment No. 5 filed on December 12, 2024, Amendment No. 6 filed January 8, 2025, Amendment No. 7 filed on March 19, 2025, Amendment No. 8 filed on April 8, 2025, Amendment No. 9 filed on May 9, 2025, Amendment No. 10 filed on July 17, 2025, and Amendment No 11 filed on August 29, 2025 (as amended, the "Original Schedule 13D" and, as amended by this Amendment, the "Schedule 13D"), relating to the shares of Common Stock ("Shares)" of Putnam Premier Income Trust (the "Issuer"). Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 95,567,537 Shares outstanding as of July 31, 2025, which is the total number of Shares outstanding as reported in the Issuer's Report on Form N-CSR filed with the Securities Exchange Commission. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 27,790,046 Shares held in client accounts which represent 29.1% of the Issuer's outstanding Shares.
(b)	Each of the Sit Entities may be deemed to have shared power to vote and dispose of such Shares. However, none of SIA's or SFI's directors or executive officers own Shares directly. y.
(c)	Transactions in Shares by the Sit Entities in the last 60 days are set forth in Exhibit A.
(d)	The clients of SIA and SFI have the right to participate in the receipt of dividends from, or proceeds from the sales of, the Shares held for their respective accounts.
(e)	Not applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Schedule of Transactions in Shares by Sit Entities in the last 60 days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sit Investment Associates, Inc.

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	11/21/2025

Sit Fixed Income Advisors II, LLC

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	11/21/2025