Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

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.

Positive

• Dividend declaration of $0.041 per share increases investor income.
• Tax-free income provides additional financial relief to shareholders.

Negative

• None.

PITTSBURGH, July 11, 2022 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend on its common shares. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

Tax-Free Dividend Per Share
Record Date:	July 22, 2022
Ex-Dividend Date:	July 21, 2022
Payable Date:	Aug. 1, 2022
Amount	Change From Previous Month
$0.041	$ --

The fund has commenced a three-year special terms period with respect to its Variable Rate Municipal Term Preferred Shares, Series 2019, during which it will pay dividends on such shares at a fixed spread over a prevailing short-term tax-exempt rate.

Investors can view additional portfolio information in the Products section of FederatedInvestors.com.

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $631.1 billion in assets under management, as of March 31, 2022. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has nearly 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301583733.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount declared by Federated Hermes Premier Municipal Income Fund (FMN)?

The dividend amount declared is $0.041 per share.

When is the ex-dividend date for FMN's declared dividend?

The ex-dividend date is July 21, 2022.

What is the payable date for the FMN dividend?

The payable date for the FMN dividend is August 1, 2022.

Is the dividend from FMN exempt from federal income tax?

Yes, the dividend income is exempt from regular federal income tax and alternative minimum tax (AMT).