Federated Hermes Inc Stock Price, News & Analysis

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.0380 per share, unchanged from the previous month. The fund aims to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). Key dates for the dividend are:

- Record Date: Oct. 23, 2024
- Ex-Dividend Date: Oct. 23, 2024
- Payable Date: Nov. 1, 2024

Federated Hermes, Inc. (NYSE: FHI), the parent company, is a global leader in active, responsible investment management with $782.7 billion in assets under management as of June 30, 2024. The company offers various investment solutions to over 10,000 institutions and intermediaries worldwide, employing more than 2,000 people globally.

Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, has announced its third quarter 2024 earnings report and conference call dates. The company will release its financial and operating results for the quarter ended Sept. 30, 2024, after market close on Thursday, Oct. 24, 2024. A conference call for investors and analysts is scheduled for 9 a.m. Eastern on Friday, Oct. 25, 2024, hosted by President and CEO J. Christopher Donahue and CFO Thomas R. Donahue.

Investors can access the call by dialing 888-506-0062 (domestic) or 973-528-0011 (international), or via the company's website. A replay will be available by phone and online. As of June 30, 2024, Federated Hermes managed $782.7 billion in assets, serving over 10,000 institutions and intermediaries worldwide with various investment solutions.

Federated Hermes, Inc. (NYSE: FHI) has launched the Federated Hermes MDT Mid Cap Growth Collective Investment Fund, a strategy for qualified retirement plan investors. The fund aims for capital appreciation by investing in a diversified portfolio of US mid-cap growth companies using MDT's stock-selection process. This process utilizes research, technology, and daily data from multiple market cycles to remove subjective influences.

The fund is trusteed by Great Gray Trust Company, and is Federated Hermes' first equity CIT. It complements four existing fixed-income CITs with Great Gray. The fund is managed by a veteran portfolio management team with extensive experience. As of June 30, 2024, Federated Hermes had $782.7 billion in assets under management.

Federated Hermes (NYSE: FHI) has released the monthly fund composition and performance data for its Premier Municipal Income Fund (NYSE: FMN) as of August 31, 2024. This information is now accessible in the Products section of FederatedHermes.com/us. Investors can request hard copies or join a mailing list by contacting the company.

Federated Hermes is a global leader in active, responsible investment management with $782.7 billion in assets under management as of June 30, 2024. The company offers a wide range of investment solutions across various asset classes to over 10,000 institutions and intermediaries worldwide. With headquarters in Pittsburgh, Federated Hermes employs more than 2,000 people globally, including offices in London, New York, and Boston.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has initiated a tender offer for up to 32% of its outstanding common shares. The offer expires on October 11, 2024, at 5 p.m. ET. Shareholders can sell their shares at 99% of the net asset value per share in USD, determined at the close of regular NYSE trading on the expiration date. If more than 32% of shares are tendered, purchases will be made on a pro rata basis. The Board of Trustees approved this offer as part of ongoing efforts to enhance shareholder value, address trading discounts, and provide liquidity. Federated Investment Management Company, the fund's advisor, recommended the tender offer. Shareholders can direct questions to Georgeson , the information agent, at (866) 461-7055.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.0380 per share dividend, payable on October 1, 2024. The fund aims to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). The dividend amount remains unchanged from the previous month. The record date and ex-dividend date are set for September 23, 2024.

Federated Hermes, Inc. (NYSE: FHI), the parent company, is a global leader in active, responsible investment management with $782.7 billion in assets under management as of June 30, 2024. The company offers various investment solutions to over 10,000 institutions and intermediaries worldwide, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced plans for a cash tender offer for up to 32% of its outstanding common shares. The offer, set to commence on September 13, 2024, will allow shareholders to tender shares at 99% of the fund's NAV. This move aims to provide shareholders with a potentially better share price than market rates, while non-participating shareholders may benefit from the accretive impact on NAV. The fund will continue to operate as an exchange-listed closed-end fund, focusing on AMT-free tax-exempt income within a leveraged structure. The tender offer is part of an agreement with Saba Capital Management, L.P., which includes standstill covenants and voting commitments.

Federated Hermes, Inc. (NYSE: FHI) announced that shareholders of the Federated Hermes MDT Large Cap Growth ETF (NYSE: FLCG) have approved changing the fund from a diversified to a non-diversified company. This change, effective September 16, 2024, aims to provide greater long-term flexibility in executing the fund's investment objective, particularly when individual issuer weightings in the Russell 1000® Growth Index exceed diversification limits.

The fund, which seeks long-term capital appreciation by investing in large-cap U.S. companies with higher forecasted growth values, will maintain its active management approach. This change is not expected to substantially affect the fund's investment objective but will enable the adviser to continue using the fund's quantitative model more effectively.

Federated Hermes, Inc. (NYSE: FHI) has released the monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of July 31, 2024. This information is now accessible in the Products section of FederatedHermes.com/us. Investors can obtain hard copies or join a mailing list by contacting the company.

Federated Hermes is a global leader in active, responsible investment management, managing $782.7 billion in assets as of June 30, 2024. The company offers a wide range of investment solutions across various asset classes to over 10,000 institutions and intermediaries worldwide. With headquarters in Pittsburgh, Federated Hermes employs more than 2,000 people globally, including offices in London, New York, and Boston.