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 (NYSE: FMN) has declared a tax-free dividend of $0.054 per share, with the record date set for March 23, 2021, and the payable date on April 1, 2021. This fund aims to provide investors with current income that is exempt from federal income tax and the alternative minimum tax (AMT). Federated Hermes manages approximately $619.4 billion in assets, emphasizing responsible investing as a wealth-building strategy.
Federated Hermes, a leader in active investing, announced that President and CEO J. Christopher Donahue will participate in a virtual discussion at the 2021 RBC Capital Markets Global Financials Conference on March 9, 2021, from 2 to 2:30 p.m. Eastern. Investors can access a live webcast through FederatedHermes.com starting 15 minutes prior to the presentation. As of December 31, 2020, the firm managed $619.4 billion in assets, offering a range of investment strategies to over 11,000 clients globally.
Federated Hermes, Inc. (NYSE: FHI), a leader in active, responsible investing, filed its annual report on Form 10-K with the U.S. SEC for the fiscal year ending Dec. 31, 2020. The firm reported $619.4 billion in assets under management, reflecting its commitment to long-term wealth creation through responsible investing. Federated Hermes offers a diverse range of investment solutions including equity, fixed-income, and alternative strategies, serving over 11,000 institutions globally. The company's operations span various major cities, including Pittsburgh, London, New York, and Boston.
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Federated Hermes, a leader in active investing, announced that President and CEO J. Christopher Donahue will engage in a virtual discussion at the Credit Suisse Virtual Financial Services Forum on February 24, 2021, from 9:40 to 10:20 a.m. Eastern. Investors can access a live webcast of the event via FederatedHermes.com. With $619.4 billion in assets under management as of December 31, 2020, Federated Hermes offers diverse investment solutions across various strategies and serves over 11,000 clients globally.
Federated Hermes, Inc. (NYSE: FHI) launched the Conservative Microshort Fund and Conservative Municipal Microshort Fund to enhance liquidity management and yield potential. These actively managed funds target higher yields than typical money market strategies while aiming for lower net asset value volatility. The Conservative Microshort Fund focuses on capital preservation and current income, while the Conservative Municipal variant emphasizes tax-exempt income. Both funds will be managed by experienced teams with significant industry expertise, utilizing rigorous analysis and proprietary ESG insights.
Federated Hermes (NYSE: FHI) reported Q4 2020 earnings per diluted share (EPS) of $0.93, up from $0.81 in Q4 2019, with net income rising to $95.2 million from $82.1 million. For full-year 2020, EPS increased to $3.23 from $2.69, and net income climbed to $326.4 million versus $272.3 million in 2019. Total managed assets reached a record $619.4 billion, growing by 8% year-over-year. The board declared a quarterly dividend of $0.27 per share. Fixed-income assets surged by 22%, while equity and alternative market assets also hit records. Voluntary yield-related fee waivers amounted to $56.1 million in Q4.
Federated Hermes, Inc. (NYSE: FHI) will report its financial results for Q4 and the full year ending December 31, 2020, on January 28, 2021. A conference call for investors and analysts is scheduled for January 29, 2021, at 9 a.m. Eastern. The call will feature President and CEO J. Christopher Donahue and CFO Thomas R. Donahue. Investors can participate by phone or via the company's website. Federated Hermes manages $614.8 billion in assets, focusing on responsible investing across various strategies. For more information, visit FederatedHermes.com.
Federated Hermes, Inc. announced that the Federated Hermes Kaufmann Small Cap Fund will close to new investors starting March 1, 2021. Current investors and employer-sponsored retirement plans will still be able to invest. The fund's assets reached $10.1 billion as of December 24, 2020, a significant growth from $888 million in 2017. The fund is rated 5 stars by Morningstar in the Small Growth category. This decision aligns with Federated Hermes' commitment to responsible investing and fund capacity management.
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