Welcome to our dedicated page for Federated Hermes Premier Municipal news (Ticker: FMN), a resource for investors and traders seeking the latest updates and insights on Federated Hermes Premier Municipal stock.
Federated Hermes Premier Municipal Income Fund reports recurring fund developments for a NYSE-listed closed-end municipal bond fund focused on current dividend income exempt from regular federal income tax and the federal alternative minimum tax. News commonly centers on monthly tax-free dividend declarations, record and payable dates, distribution levels, and portfolio-related updates for the fund.
The fund’s updates may also address capital-structure matters such as Variable Municipal Term Preferred Shares and related leverage actions, along with portfolio management changes connected to its municipal income strategy.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of October 31, 2024. The data can be accessed in the Products section of FederatedHermes.com/us.
The company, managing $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Federated Hermes provides various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh, the company employs more than 2,000 people across offices in London, New York, Boston, and worldwide.
Federated Hermes, Inc. (NYSE: FHI) has announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Sept. 30, 2024, is now available on their website. Interested parties can access this information in the Products section of FederatedHermes.com/us.
For those preferring hard copies or to be added to a mailing list, contact options are provided. Federated Hermes, Inc. is described as 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 range of investment solutions across various asset classes and strategies to over 10,000 institutions and intermediaries worldwide.
Headquartered in Pittsburgh, Federated Hermes employs more than 2,000 people globally, with offices in London, New York, Boston, and other locations worldwide.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced the final results of its tender offer. Due to oversubscription, the fund will purchase 32% of its issued and outstanding common shares on a pro rata basis. The purchase price is set at $12.67 per common share, which is 99% of the net asset value per common share as of October 11, 2024.
A total of 4,988,295 common shares were properly tendered, and the fund accepted 3,679,390 shares for payment. The proration factor is 0.7376799. 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.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced the expiration of its tender offer for 3,679,390 common shares, representing about 32% of outstanding shares. The offer, which closed on Oct. 11, 2024, was oversubscribed with 4,988,295 shares tendered. Due to oversubscription, purchases will be made on a pro-rata basis at 99% of the NAV per share, equaling $12.67 per share.
Federated Hermes, Inc. (NYSE: FHI), the parent company, is a global investment management firm with $782.7 billion in assets under management as of June 30, 2024. The company offers various investment strategies to over 10,000 institutions and intermediaries worldwide, employing more than 2,000 people globally.
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 (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.
Saba Capital Management has reached an agreement with Federated Investment Management Company, the advisor of Federated Hermes Premier Municipal Income Fund (NYSE: FMN). As part of the deal, FMN will conduct a cash tender offer for 32% of its outstanding common shares at 99% of NAV. The tender offer is scheduled to run from September 13 to October 11, 2024, allowing all shareholders to participate.
If oversubscribed, shares will be purchased on a prorated basis. Saba has agreed to comply with certain standstill covenants and vote its shares as recommended by FMN's Board of Trustees. This agreement aims to provide liquidity to shareholders and address potential activist investor concerns.
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.