Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustees
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0400 per share, representing a $0.0020 increase from the previous month. The dividend will be payable on January 2, 2025, to shareholders of record as of December 23, 2024.
The dividend increase stems from higher portfolio income achieved by reducing mid- and high-quality securities in favor of higher-yielding BBB and lower-rated securities. Additionally, the fund announced board changes effective January 1, 2025, with Maureen Lally-Green and P. Jerome Richey retiring, and Karen L. Larrimer, Max F. Miller, and Frank J. Nasta joining as independent trustees.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) ha dichiarato un dividendo esente da tasse di $0.0400 per azione, che rappresenta un aumento di $0.0020 rispetto al mese precedente. Il dividendo sarà pagabile il 2 gennaio 2025 agli azionisti registrati al 23 dicembre 2024.
L'aumento del dividendo deriva da un maggiore reddito del portafoglio ottenuto riducendo i titoli di qualità media e alta a favore di titoli con un rendimento più elevato, come quelli BBB e titoli di rating inferiore. Inoltre, il fondo ha annunciato cambiamenti nel consiglio di amministrazione, che saranno effettivi dal 1 gennaio 2025, con il ritiro di Maureen Lally-Green e P. Jerome Richey, e l'ingresso di Karen L. Larrimer, Max F. Miller e Frank J. Nasta come fiduciari indipendenti.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) ha declarado un dividendo libre de impuestos de $0.0400 por acción, lo que representa un aumento de $0.0020 respecto al mes anterior. El dividendo se pagará el 2 de enero de 2025 a los accionistas registrados al 23 de diciembre de 2024.
El aumento del dividendo proviene de un ingreso de cartera más alto, logrado al reducir los valores de calidad media y alta en favor de valores de mayor rendimiento BBB y de menor calificación. Además, el fondo anunció cambios en la junta, válidos desde el 1 de enero de 2025, con la jubilación de Maureen Lally-Green y P. Jerome Richey, y la inclusión de Karen L. Larrimer, Max F. Miller y Frank J. Nasta como fideicomisarios independientes.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN)는 주당 $0.0400의 비과세 배당금을 선언하였으며, 이는 지난 달에 비해 $0.0020 증가한 수치입니다. 배당금은 2025년 1월 2일, 2024년 12월 23일 기준의 주주에게 지급될 예정입니다.
배당금 증가의 원인은 중급 및 고급 채권을 줄이고 높은 수익률을 가진 BBB 등급 및 저등급 채권으로 전환한 결과, 포트폴리오 수익이 증가했기 때문입니다. 또한, 이 펀드는 2025년 1월 1일부로 Maureen Lally-Green과 P. Jerome Richey가 은퇴하고, Karen L. Larrimer, Max F. Miller 및 Frank J. Nasta가 독립 위원으로 합류하는 이사회 변경사항을 발표했습니다.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) a déclaré un dividende exonéré d'impôt de 0,0400 $ par action, représentant une augmentation de 0,0020 $ par rapport au mois précédent. Le dividende sera payable le 2 janvier 2025 aux actionnaires inscrits au 23 décembre 2024.
L'augmentation du dividende provient d'un revenu de portefeuille plus élevé obtenu en réduisant les titres de qualité moyenne et haute au profit de titres à plus fort rendement, tels que ceux notés BBB et les titres de moindre qualité. De plus, le fonds a annoncé des changements au conseil d'administration, qui entreront en vigueur le 1er janvier 2025, avec le départ à la retraite de Maureen Lally-Green et P. Jerome Richey, et l'arrivée de Karen L. Larrimer, Max F. Miller et Frank J. Nasta en tant que membres indépendants.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) hat eine steuerfreie Dividende von $0.0400 pro Aktie erklärt, was eine Erhöhung um $0.0020 im Vergleich zum Vormonat darstellt. Die Dividende wird am 2. Januar 2025 an die Aktionäre ausgezahlt, die am 23. Dezember 2024 im Aktienregister stehen.
Die Erhöhung der Dividende resultiert aus höheren Einnahmen im Portfolio, die durch eine Reduzierung mittlerer und hochwertiger Wertpapiere zugunsten höher rentierlicher BBB- und niedrigrangiger Wertpapiere erzielt wurden. Darüber hinaus gab der Fonds Änderungen im Vorstand bekannt, die am 1. Januar 2025 wirksam werden, wobei Maureen Lally-Green und P. Jerome Richey in den Ruhestand treten und Karen L. Larrimer, Max F. Miller und Frank J. Nasta als unabhängige Treuhänder hinzukommen.
- Dividend increased by $0.0020 to $0.0400 per share
- Higher portfolio income achieved through strategic reallocation to higher-yielding securities
- Increased portfolio risk due to shift toward lower-rated securities
Tax-Free Dividend Per Share | |
Record Date: | Dec. 23, 2024 |
Ex-Dividend Date: | Dec. 23, 2024 |
Payable Date: | Jan. 2, 2025 |
Amount | Change From Previous Month |
The dividend increase is the result of higher portfolio income resulting from a reduction in the portfolio weight of mid- and high-quality securities and a corresponding increase in higher yielding BBB and lower rated securities. Investors can view additional portfolio information in the Products section of FederatedHermes.com/us .
Effective Dec. 31, 2024, Maureen Lally-Green and P. Jerome Richey will retire as Independent Trustees of the fund. Effective Jan. 1, 2025, Karen L. Larrimer, Max F. Miller and Frank J. Nasta will join the Board of Trustees of the fund as independent trustees.
Karen L. Larrimer has served in several business and financial management roles and directorship positions throughout her career, and most recently was Head of Retail Banking and Chief Customer Officer at The PNC Financial Services Group, Inc. She currently sits on the boards of Highmark Inc, Modern Executive Solutions, Children's Museum of
Max F. Miller has served in several legal, business and academic roles and directorship positions throughout his career and is currently Associate Professor, Director of Entrepreneurial Studies and Director of Ignite Business Incubator at
Frank J. Nasta has served in various legal, compliance and business roles in the investment management industry throughout his career and most recently was a Managing Director of JPMorgan Chase & Co. and Head of Legal for the JPMorgan
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with
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SOURCE Federated Hermes, Inc.
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