Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (FMN) has declared a tax-free dividend of $0.054 per share, with the ex-dividend date set for August 20, 2021 and the payable date on September 1, 2021. The fund aims to provide current income exempt from federal income tax and alternative minimum tax (AMT). As of June 30, 2021, Federated Hermes managed $645.8 billion in assets worldwide, demonstrating its strong position in the investment management sector.

Positive

• Dividend declared at $0.054 per share, providing tax-free income for investors.
• Focus on tax-exempt income enhances attractiveness for investors.

Negative

• None.

PITTSBURGH, Aug. 10, 2021 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. 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:	Aug. 23, 2021
Ex-Dividend Date:	Aug. 20, 2021
Payable Date:	Sept. 1, 2021
Amount	Change From Previous Month
$0.054	$ --

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

Federated Hermes, Inc. is a leading global investment manager with $645.8 billion in assets under management as of June 30, 2021. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' nearly 2,000 employees include those in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com.

###

View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301352171.html

SOURCE Federated Premier Municipal Income Fund

FAQ

What is the dividend amount declared by FMN?

The dividend amount declared by Federated Hermes Premier Municipal Income Fund (FMN) is $0.054 per share.

When is the ex-dividend date for FMN?

The ex-dividend date for Federated Hermes Premier Municipal Income Fund (FMN) is August 20, 2021.

When will the dividend be payable for FMN?

The dividend for Federated Hermes Premier Municipal Income Fund (FMN) will be payable on September 1, 2021.

Is the dividend from FMN exempt from federal taxes?

Yes, the dividend from Federated Hermes Premier Municipal Income Fund (FMN) is exempt from regular federal income tax.

What is the significance of the AMT exemption for FMN investors?

The AMT exemption allows FMN investors to avoid additional tax liabilities related to alternative minimum tax.