Federated Hermes Premier Municipal (NYSE: FMN) redeems 200 preferred shares

Rhea-AI Filing Summary

Federated Hermes Premier Municipal Income Fund reported an indirect restructuring transaction involving its Variable Municipal Term Preferred Shares. On April 2, 2026, the fund redeemed 200 Variable Rate Municipal Preferred Shares (VMTPS) that were beneficially owned by Banc of America Preferred Funding Corporation, a wholly owned subsidiary of Bank of America Corporation.

The redeemed VMTPS shares were taken out at the liquidation preference plus accumulated but unpaid dividends, as described in a prior notice of intention to redeem securities. Following this redemption-related disposition, the reporting structure shows 1,147 VMTPS shares indirectly owned, reflecting an ongoing but reduced preferred position linked to Bank of America’s affiliate.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BANK OF AMERICA CORP /DE/, Banc of America Preferred Funding Corp

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Variable Municipal Term Preferred Shares	200	$0.00	$0.00

Holdings After Transaction: Variable Municipal Term Preferred Shares — 1,147 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. The 200 Variable Rate Municipal Preferred Shares (VMTPS Shares) reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC). The 200 VMTPS Shares held by BAPFC were redeemed by the Issuer on April 2, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by Federated Hermes Premier Municipal Income Fund with the SEC on March 30, 2026, for a redemption price of the liquidation preference and accumulated but unpaid dividends. BAPFC is a wholly owned subsidiary of Bank of America Corporation.
2. F2. This statement is jointly filed by Bank of America Corporation and PFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of PFC.
3. F3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

Key Figures

Preferred shares redeemed: 200 shares Preferred shares after transaction: 1,147 shares Transaction code: J +2 more

5 metrics

Preferred shares redeemed 200 shares Variable Rate Municipal Preferred Shares redeemed on April 2, 2026

Preferred shares after transaction 1,147 shares Variable Municipal Term Preferred Shares indirectly owned following redemption

Transaction code J Classified as other acquisition or disposition / restructuring

Transaction price per share $0.0000 Reported per-share transaction price in Form 4 table

Redemption reference filing date March 30, 2026 Notice of Intention to Redeem Securities (N-23C-2) filing date

Key Terms

Variable Municipal Term Preferred Shares, VMTPS Shares, Notice of Intention to Redeem Securities, liquidation preference, +1 more

5 terms

Variable Municipal Term Preferred Shares financial

"security title listed as "Variable Municipal Term Preferred Shares" for the transaction"

VMTPS Shares financial

"The 200 Variable Rate Municipal Preferred Shares (VMTPS Shares) reported as disposed of"

Notice of Intention to Redeem Securities regulatory

"as described in the Notice of Intention to Redeem Securities, N-23C-2"

liquidation preference financial

"for a redemption price of the liquidation preference and accumulated but unpaid dividends"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

Section13(d) of the US Securities Exchange Act of 1934 regulatory

"for the purposes of Section13(d) of the US Securities Exchange Act of 1934"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/06/2026 - 05:13 PM Learn about SEC filing dates

FAQ

What did the Bank of America affiliate report in this FMN Form 4 filing?

The filing shows a restructuring-type transaction where 200 Variable Rate Municipal Preferred Shares of Federated Hermes Premier Municipal Income Fund were redeemed. These shares were beneficially owned by Banc of America Preferred Funding Corporation, a Bank of America subsidiary, and removed from its indirect holdings.

Who actually held the Federated Hermes FMN preferred shares in this Form 4?

The 200 VMTPS Shares were held by Banc of America Preferred Funding Corporation (BAPFC). Footnotes explain Bank of America Corporation’s interest was indirect, through ownership of BAPFC, rather than direct voting or investment control over the preferred shares themselves.

How many Federated Hermes FMN preferred shares were redeemed in this transaction?

The filing reports that 200 Variable Rate Municipal Preferred Shares were redeemed by Federated Hermes Premier Municipal Income Fund. These 200 VMTPS shares had been beneficially owned by Banc of America Preferred Funding Corporation before the redemption took place on April 2, 2026.

At what terms were the 200 FMN VMTPS shares redeemed from the Bank of America unit?

The 200 VMTPS Shares were redeemed at the liquidation preference plus accumulated but unpaid dividends. This pricing was referenced in the fund’s Notice of Intention to Redeem Securities, aligning the redemption with the stated preferred share terms and accrued distributions.

How many Federated Hermes FMN preferred shares remained indirectly owned after the redemption?

After the redemption of 200 VMTPS shares, the filing states a balance of 1,147 Variable Municipal Term Preferred Shares indirectly owned. This figure reflects the remaining preferred stake linked to Bank of America’s affiliate following the reported restructuring-type disposition.

Why is this FMN Form 4 jointly filed by Bank of America and its subsidiary?

The statement is jointly filed by Bank of America Corporation and its subsidiary, described as PFC, because Bank of America held an indirect interest in the VMTPS Shares through its ownership of that subsidiary. Footnotes clarify this indirect beneficial ownership structure.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)

BANK OF AMERICA CORPORATE CENTER

100 N TRYON ST

(Street)

CHARLOTTE NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Federated Hermes Premier Municipal Income Fund [ FMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Variable Municipal Term Preferred Shares	04/02/2026		J(1)		200	D	(1)	1,147	I	See Footnotes(1)(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)

BANK OF AMERICA CORPORATE CENTER

100 N TRYON ST

(Street)

CHARLOTTE NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Banc of America Preferred Funding Corp

(Last) (First) (Middle)

214 NORTH TRYON STREET

(Street)

CHARLOTTE NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The 200 Variable Rate Municipal Preferred Shares (VMTPS Shares) reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC). The 200 VMTPS Shares held by BAPFC were redeemed by the Issuer on April 2, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by Federated Hermes Premier Municipal Income Fund with the SEC on March 30, 2026, for a redemption price of the liquidation preference and accumulated but unpaid dividends. BAPFC is a wholly owned subsidiary of Bank of America Corporation.

2. This statement is jointly filed by Bank of America Corporation and PFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of PFC.

3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

	BANK OF AMERICA CORP /DE/ By: Its: Authorized Signatory /s/ Andres Ortiz	04/06/2026
	BANC OF AMERICA PREFERRED FUNDING CORPORATION By: Its: Authorized Signatory /s/ Andres Ortiz	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)