Franklin Premier Income Trust holds a changing mix of government, high-yield and international debt. Bond interest brings cash, while borrower credit, interest rates and currency moves affect the capital behind it.
Business
Multi-sector credit CEF
Listing
PPT · XNYS
Reporting period
2026-01-31
Dividend schedule
Monthly
How the business works
Bond interest after fund and financing costs becomes net investment income. Credit losses and changing bond or currency values affect net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.08
Aug 1, 2025 to Jan 31, 2026
$0.00$0.08
Distribution yield9.43%Sourced distributions divided by dated market priceReported annual income yield5.74%Reported net investment income $0.2100 per share for 2024-08-01 to 2025-07-31, divided by approved 2025-07-31 market price $3.6600. Excludes capital gains; historical, not a current yield or forecast.Annual dividend$0.31Current regular payment annualized per shareDistribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.
Cash distributions and reported returns
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Leverage and financing
The current data service reports effective leverage of 30.41%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
The assets behind the earnings
How PPT makes money
Financial snapshot: 2026-01-31. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.
The assets it owns
$344.999 million net assets776 holdings · As of 7/31/2026
Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.
A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.
Fund net investment income per common share; actual reporting period, not annualized$0.0800
$0.00$0.10
For the six months ended January 31, 2026, PPT reported $0.08 of net investment income and $0.16 of distributions per share. Net asset value moved from $3.80 to $3.77. Income explained part of the cash, so credit results and payment components belong beside the modest value decline.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 30.41%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Franklin Premier Income Trust reported $0.0800 per share for 2025-08-01 through 2026-01-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length bond income and cash paid with credit, rates, currencies, payment components and net asset value.
Net asset value (NAV)
NAV per share$3.5400Sep 29, 2026Market price$3.2400Sep 29, 2026PREMIUM / DISCOUNT TO NAV8.47% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Reported net investment income per common share: $0.08 for 2025-08-01 through 2026-01-31; not annualized.
The fund changed its Putnam name to Franklin in July 2026. Its ticker, CUSIP and investment mandate continued; the earlier report uses the former name.
What to watch next
Compare the next like-length bond income and cash paid with credit, rates, currencies, payment components and net asset value.
Fly High context
Compare the next like-length bond income and cash paid with credit, rates, currencies, payment components and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's 2025 breakdown shows mainly ordinary dividends and return of capital. The mix can change from year to year.
This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Total ordinary dividends
65.06%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
34.94%
Tax year: 2025. Total distributions: $0.31 per share.
Tax details and source
Total ordinary dividends (includes qualified)
65.06%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
