PPT News and Press, Putnam Premier Income Trust

Effective July 15, 2024, Putnam Investment Management, LLC (“Putnam Management”) has transferred its management contracts with the Putnam closed-end funds to Franklin Advisers, Inc. (“Franklin Advisers”) (the “Transfer”). Both Putnam Management and Frankl...

The following Funds announced today their share repurchase activity during the second quarter of 2024. The Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund’s net asset value (“NAV”) per share. All repurchas...

2024-06-02 06:47:58 ET Summary The abrdn Income Credit Strategies Fund has one of the highest yields among fixed-income funds, leading to speculation about the sustainability of its distribution. The fund's performance compared to the global bond index suggests potential concerns ...

2024-05-22 09:00:21 ET Putnam Premier Income Trust (PPT) declaring a stock dividend of $0.026 per share on Ex-Date : May 23, 2024. Shareholders on record as of May 24, 2024 are eligible for the dividend. The payment date is scheduled for June 03, 2024, and the declaration was offici...

2024-05-19 11:18:39 ET Summary The Western Asset Global Corporate Defined Opportunity Fund offers income-focused investors a high level of income from fixed-income securities. The fund has a current yield of 9.94%, which compares well to its peers. The fund's recent performanc...

2024-03-20 09:00:13 ET Putnam Premier Income Trust (PPT) declaring a stock dividend of $0.026 per share on Ex-Date : March 21, 2024. Shareholders on record as of March 22, 2024 are eligible for the dividend. The payment date is scheduled for April 01, 2024, and the declaration was o...

2023-07-20 03:33:59 ET Summary The Putnam Premier Income Trust pays an 8.8% distribution yield but only earns 10-year average annual returns of 2.1%. The fund, which has $370 million in assets, also has an unusually high turnover rate of over 1600%. The author recommends that ...

Summary We review CEF market valuation and performance through the second week of October and highlight recent market action. CEFs struggled this week on the back of rising Treasury yields and lower stocks. We discuss PPT as a case study of a fund that appears to do the imposs...

Summary Putnam Premier Income Trust is a fixed income CEF that takes a multisector bond approach. The fund has a high concentration of agency pass-throughs and CMBS securities, which gives it an overweight investment grade credit profile. Putnam recently announced a share repu...

Today, the US economy can be characterized by late cycle (perhaps even end cycle) with a stagflationary regime. A stagflationary regime is one where there is high and rising inflation combined with low or negative growth. Investing during this regime can be difficult. Eventually, ...