Federated Hermes, Inc. reports developments in active investment management across liquidity management, equity, fixed-income, alternative/private markets and multi-asset strategies for institutional and intermediary clients. Recurring updates cover earnings, managed-asset levels and flows, money market and equity asset trends, quarterly common-stock dividends, investor conference participation and shareholder-meeting matters.
Company news also includes product and platform actions, including dividends for Federated Hermes Premier Municipal Income Fund, leverage changes at that fund, leadership succession within investment-management units and completed acquisitions such as Federated Hermes FCP Manager, LLC, which expanded the firm's U.S. real estate and private-markets capabilities.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share for its common shares, payable on August 1, 2022. The record date is July 22, 2022, and the ex-dividend date is July 21, 2022. This tax-free dividend income is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund is also entering a three-year special terms period for its Variable Rate Municipal Term Preferred Shares, Series 2019, ensuring a fixed spread over the prevailing short-term tax-exempt rate.
Federated Hermes, Inc. (NYSE: FHI) will announce its financial results for the second quarter of 2022 on July 28, 2022. The conference call for investors is scheduled for July 29, 2022, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of March 31, 2022, the company manages $631.1 billion in assets for over 11,000 clients globally. Investors can access the conference call via phone or online at FederatedHermes.com.
Summary not available.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share, down $(0.013) from the previous month. The record date is June 23, 2022, while the ex-dividend date is June 22, 2022, and payment will occur on July 1, 2022. The decline in the dividend is attributed to changes in portfolio income and a reduction in leverage from 42.8% to 36.8%, aimed at minimizing volatility in net asset value.
Federated Hermes, a leader in active investing, has secured a $1 billion private equity mandate from BT Pension Scheme, the UK's major pension fund. This new mandate, named Horizon III, is set to be implemented over three years and will focus on a globally diversified investment strategy, following past successful collaborations. Hermes GPE, the firm's private equity arm, aims to exploit opportunities across significant global megatrends, continuing its track record of delivering strong, risk-adjusted returns. With $631.1 billion in assets under management, Federated Hermes maintains a strong presence in global markets.
Summary not available.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.054 tax-free dividend per share. This dividend is exempt from federal income tax as well as the federal alternative minimum tax (AMT). The record date for this dividend is May 23, 2022, with an ex-dividend date of May 20, 2022, and the payment will be made on June 1, 2022.
Federated Hermes, Inc. (NYSE: FHI) manages $631.1 billion in assets and offers a range of investment solutions globally.
Federated Hermes (FHI) reported Q1 2022 earnings per diluted share of $0.61, down from $0.75 in Q1 2021, with net income at $55.9 million, compared to $74.5 million in the prior year. Total managed assets reached $631.1 billion, a decrease of 6% from the previous quarter. The board declared a quarterly dividend of $0.27. Key revenue drivers included long-term assets contributing 72% of the total revenue. Voluntary yield-related fee waivers impacted pre-tax income negatively. The firm continues to navigate a challenging market environment.
Summary not available.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share. The dividend is tax-exempt from federal income tax and alternative minimum tax (AMT). Key dates include the record date on April 22, 2022, the ex-dividend date on April 21, 2022, and the payable date on May 2, 2022. Federated Hermes, Inc. (NYSE: FHI), with $668.9 billion in assets under management, is a leader in responsible investment management, providing a variety of investment solutions globally.