SIT Investment Associates Files SC 13D/A Amendment for PPT

TL;DR

SIT Investment Associates updated their 13D filing for Putnam Premier Income Trust (PPT) on 9/6/24.

AI Summary

SIT Investment Associates Inc. filed an amendment (No. 4) to its Schedule 13D on September 6, 2024, regarding its holdings in Putnam Premier Income Trust (PPT). The filing indicates a change in the reporting person's beneficial ownership of the common stock.

Why It Matters

This filing updates information on significant beneficial ownership, which can signal changes in investment strategy or potential influence over the company.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake-building or changes in control, which can introduce volatility.

Key Players & Entities

• SIT Investment Associates Inc. (company) — Reporting person filing the amendment
• Putnam Premier Income Trust (company) — Subject company
• Paul E. Rasmussen (person) — Person authorized to receive notices

FAQ

Filing Documents

• sit240950_sch13da.htm (SC 13D/A) — 90KB
• 0000897101-24-000439.txt ( ) — 91KB

Interest in Securities of the Issuer

ITEM 5 Interest in Securities of the Issuer

of the Original Schedule 13D is hereby amended to read as follows

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 95,598,020 Shares outstanding as of April 19, 2024, which is the total number of Shares outstanding as reported in the Issuer's Report on Form N-CSRS filed with the Securities Exchange Commission and adjusted for shares repurchased announced by the Issuer on April 19, 2024, and July 16, 2024. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 20,031,179 Shares held in client accounts which represent 20.95% 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.

Materials to be Filed as Exhibits

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. September 9, 2024 September 9, 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: Date of Transaction Transaction Shares of Common Stock Price Per Share 07/08/2024 BUY 5,598 3.60 07/09/2024 BUY 8,900 3.62 07/11/2024 BUY 100 3.63 07/15/2024 BUY 415 3.66 07/16/2024 BUY 1,497 3.65 07/17/2024 BUY 27,002 3.66 07/19/2024 BUY 18,452 3.63 07/23/2024 BUY 23,124 3.66 07/24/2024 BUY 49,950 3.60 07/25/2024 BUY 7,547 3.63 07/26/2024 BUY 18,025 3.63 07/29/2024 BUY 26,623 3.62 07/30/2024 BUY 1,027 3.62 07/31/2024 BUY 100 3.64 08/01/2024 BUY 11,843 3.67 08/02/2024 BUY 1,300 3.67 08/08/2024 BUY 50,000 3.64 08/09/2024 BUY 7,104 3.66 08/13/2024 BUY 10,000 3.66 08/14/2024 BUY 10,926 3.67 08/15/2024 BUY 7,383 3.68 08/16/2024 BUY 15,129 3.66 08/19/2024 BUY 8,125 3.68 08/20/2024 BUY 10,000 3.67 08/21/2024 BUY 211 3.69 08/22/2024 BUY 14,835 3.67 08/23/2024 BUY 7,686 3.67 08/26/2024 BUY 69,534 3.68 08/27/2024 BUY 7,892 3.68 08/28/2024 BUY 11,013 3.68 08/29/2024 BUY 7,544 3.70 08/30/2024 BUY 6,009 3.71 09/03/2024 BUY 456,907 3.70 09/04/2024 BUY 700 3.71 09/05/2024 BUY 3,518 3.73 09/06/2024 BUY 52,093 3.72

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View this SC 13D/A filing on SEC EDGAR