SEC Form SC 13D/A filed by Putnam Premier Income Trust (Amendment)

5/7/24 9:35:13 AM ET

Finance Companies

Finance

Get the next $PPT alert in real time by email

SC 13D/A 1 13DAmend3PPT.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 3) ------------------------------------------------------------------------------- Putnam Premier Income Trust ( PPT ) ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 746853100 ------------------------------------------------------------------------------- (CUSIP Number) Paul E. Rasmussen 3300 IDS Center 80 South Eighth Street Minneapolis, MN 55402-4130 ------------------------------------------------------------------------------- (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) May 7, 2024 ------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ X ] * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. 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). 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) [x] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) 00 ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in Minnesota ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 19,200,688 Shares REPORTING ----------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,200,688 Shares ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,200,688 Shares ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See instructions) [ ] ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.94% ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IA ------------------------------------------------------------------------------- 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) [x] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) 00 ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in Minnesota ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 19,200,688 Shares REPORTING ----------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,200,688 Shares ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,200,688 Shares ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See instructions) [ ] ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.94% 14 TYPE OF REPORTING PERSON (See Instructions) IA EXPLANATORY NOTE This Amendment No. 3 ("Amendment") amends and supplements the statement on Schedule 13D filed on October 2, 2023, as most recently amended by Amendment No. 2 filed on April 3, 2024 (collectively, the "Original Schedule 13D" and, as amended by this Amendment, the "Schedule 13D"), relating to the shares of Common Stock ("Shares)" of the 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 Item 5 of the Original Schedule 13D is hereby amended to read as follows: a) and b) The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 96,268,785 Shares outstanding as of May 7, 2024, which is the total number of Shares outstanding as reported on the Issuer's most recent semiannual report. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 19,200,688 Shares held in client accounts which represent 19.94% of the Issuer's outstanding Shares. 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. 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 Materials 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. May 7, 2024 By: Sit Investment Associates, Inc. /s/ Roger J. Sit ----------------------------------- Name/Title: Roger J. Sit, Chairman & CEO By: Sit Fixed Income Advisors II, LLC /s/ Roger J. Sit ----------------------------------- Name/Title: Roger J. Sit, Chairman & CEO EXHIBIT A Schedule of Transactions in Shares by Sit Entities in the last 60 days: ------------------ ------------------ ------------------ ------------------ Shares of Common Date of Transaction Stock Purchased Price Transaction Type /(Sold) Per Share ($) ------------------ ------------------ ------------------ ------------------ 03/08/2024 BUY 102,100.00 3.520 03/14/2024 BUY 26,106.00 3.520 03/15/2024 BUY 10,000.00 3.526 03/18/2024 BUY 13,913.00 3.510 03/19/2024 BUY 20,533.00 3.520 03/20/2024 BUY 400.00 3.520 03/21/2024 BUY 2,464.00 3.510 03/22/2024 BUY 19,383.00 3.520 03/25/2024 BUY 8,500.00 3.520 03/25/2024 BUY 29,600.00 3.520 03/25/2024 BUY 11,663.00 3.520 03/27/2024 SELL (7,800.00) 3.550 03/28/2024 SELL (24,425.00) 3.540 04/01/2024 SELL (15,828.00) 3.520 04/02/2024 SELL (18,091.00) 3.500 04/03/2024 SELL (33,435.00) 3.500 04/04/2024 SELL (25,000.00) 3.500 04/05/2024 SELL (8,340.00) 3.490 04/08/2024 SELL (100,000.00) 3.490 04/09/2024 SELL (100,000.00) 3.490 04/10/2024 SELL (3,100.00) 3.490 04/12/2024 SELL (50,000.00) 3.455 04/15/2024 SELL (50,000.00) 3.435 04/16/2024 SELL (50,000.00) 3.421 04/17/2024 SELL (50,000.00) 3.441 04/18/2024 SELL (50,000.00) 3.460 04/22/2024 SELL (9,204.00) 3.480 04/23/2024 SELL (31,092.00) 3.477 04/24/2024 SELL (700.00) 3.470 04/25/2024 SELL (50,000.00) 3.420 04/26/2024 SELL (50,000.00) 3.444 04/29/2024 SELL (3,241.00) 3.460 04/30/2024 SELL (91,495.00) 3.431 05/01/2024 SELL (25,182.00) 3.441 05/02/2024 BUY 25,721.00 3.460 05/03/2024 BUY 19,655.00 3.480 05/06/2024 BUY 4,019.00 3.490

Get the next $PPT alert in real time by email

SEC Form SC 13D/A filed by Putnam Premier Income Trust (Amendment)

Chat with this insight

Recent Analyst Ratings for
$PPT

$PPT
Press Releases

Fastest customizable press release news feed in the world

Franklin Templeton Announces Distribution Rates for Putnam Closed-End Funds

Franklin Templeton Announces Distribution Rates for Putnam Closed-End Funds

Franklin Templeton Closed-End Funds Announce Share Repurchases for the Fourth Quarter of 2024

$PPT
SEC Filings

SEC Form N-CSRS filed by Putnam Premier Income Trust

Amendment: SEC Form SCHEDULE 13D/A filed by Putnam Premier Income Trust

Amendment: SEC Form SCHEDULE 13D/A filed by Putnam Premier Income Trust

$PPT
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Putnam Premier Income Trust

Amendment: SEC Form SC 13D/A filed by Putnam Premier Income Trust