Federated Hermes Premier Municipal Income Fund Declares Dividend

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.050 tax-free dividend per share, with a record date of August 21, 2020 and an ex-dividend date of August 20, 2020.

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.050 tax-free dividend per share, with a record date of August 21, 2020 and an ex-dividend date of August 20, 2020. The dividend is exempt from federal income tax and the alternative minimum tax, benefiting investors seeking tax-efficient income. The payable date for the dividend is set for September 1, 2020.

Federated Hermes, Inc. (NYSE: FHI) manages $628.8 billion in assets as of June 30, 2020, and emphasizes responsible investing.

Positive

• $0.050 tax-free dividend announced, exempt from federal income tax
• Record date of August 21, 2020, indicating timely return for investors
• Company manages $628.8 billion in assets, showcasing strong financial health

Negative

• None.

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PITTSBURGH, Aug. 10, 2020 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

Record Date:	Aug. 21, 2020
Ex-Dividend Date:	Aug. 20, 2020
Payable Date:	Sept. 1, 2020
Tax-Free Dividend Per Share
Amount	Change From Previous Month
$0.050	$ --

Investors can view additional portfolio information in the Products section of FederatedInvestors.com.

Federated Hermes, Inc. (NYSE: FHI) is a leading global investment manager with $628.8 billion in assets under management as of June 30, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 162 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and several other offices worldwide. For more information, visit FederatedHermes.com.

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View original content:http://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301109101.html

SOURCE Federated Hermes, Inc.

FAQ

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What is the dividend amount declared by Federated Hermes Premier Municipal Income Fund?

The dividend amount declared is $0.050 per share.

When is the record date for the dividend for FMN?

The record date for the dividend is August 21, 2020.

What is the ex-dividend date for Federated Hermes Premier Municipal Income Fund?

The ex-dividend date is August 20, 2020.

When will the dividend be payable for FMN?

The dividend will be payable on September 1, 2020.

Is the dividend from Federated Hermes Premier Municipal Income Fund subject to federal income tax?

No, the dividend is exempt from federal income tax and the alternative minimum tax.