Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend declaration. The fund aims to provide investors with tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT).

Federated Hermes (NYSE: FHI), the fund's parent company, manages $829.6 billion in assets as of December 31, 2024. The global investment management firm serves over 10,000 institutions and intermediaries worldwide, offering various investment strategies including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management. The company employs more than 2,000 people across offices in Pittsburgh, London, New York, Boston, and other global locations.

Positive

• Large asset base of $829.6 billion under management
• Diverse global client base of over 10,000 institutions
• Tax-advantaged dividend income for investors

Negative

• Dividend amount not disclosed in announcement

News Market Reaction – FHI

-0.28%

1 alert

-0.28% News Effect

On the day this news was published, FHI declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, March 10, 2025 /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).

Tax-Free Dividend Per Share
Record Date:	March 21, 2025
Ex-Dividend Date:	March 21, 2025
Payable Date:	April 1, 2025
Amount	Change From Previous Month
$0.0400	$0.0000

Investors can view additional portfolio information in the Products section of FederatedHermes.com/us.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active investment management, with $829.6 billion in assets under management, as of Dec. 31, 2024. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-302397020.html

SOURCE Federated Hermes, Inc.

FAQ

What is the tax treatment of Federated Hermes Premier Municipal Income Fund (FMN) dividends?

The fund's dividends are exempt from regular federal income tax and federal alternative minimum tax (AMT).

How much assets under management does Federated Hermes (FHI) have as of December 2024?

Federated Hermes manages $829.6 billion in assets as of December 31, 2024.

How many institutional clients does Federated Hermes (FHI) serve globally?

Federated Hermes serves more than 10,000 institutions and intermediaries worldwide.

What investment strategies does Federated Hermes (FHI) offer to clients?

The company offers equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.