Welcome to our dedicated page for Federated Hermes Premier Municipal Income Fund news (Ticker: FMN), a resource for investors and traders seeking the latest updates and insights on Federated Hermes Premier Municipal Income Fund stock.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a diversified, closed-end management investment company based in the United States. The primary objective of the fund is to provide current income that is exempt from federal income tax, including the federal alternative minimum tax (AMT). This is achieved by investing in a diversified portfolio of long-term, tax-exempt municipal bonds spread across various states, sectors, and issuers.
The fund's investments span multiple critical sectors such as hospitals, toll roads, senior care, airports, tobacco, and other essential services. Federated Hermes Premier Municipal Income Fund aims to build a resilient and diverse bond portfolio to mitigate risks and optimize returns for its investors.
Managed by Federated Hermes, Inc., a global leader in responsible investment management, the fund benefits from the extensive expertise and resources of its parent company. Federated Hermes, Inc. manages over $778.7 billion in assets as of March 31, 2024, and provides a broad range of investment solutions across equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. The firm serves more than 10,000 institutions and intermediaries worldwide, including corporations, government entities, insurance companies, foundations, and banks.
Recent updates for the fund include regular declarations of dividends. These dividends are designed to provide investors with tax-exempt income. For instance, the fund has consistently declared dividends in recent months, reflecting its stable financial performance and commitment to delivering value to its shareholders. Additionally, the fund has experienced increased dividend income due to higher portfolio income from reinvestment at higher market yields and moderated financing costs.
Federated Hermes Premier Municipal Income Fund maintains a strong governance structure, with recent changes in the Board of Trustees ensuring strategic oversight and expert management. The latest addition to the board is John Carson, who brings extensive experience from his previous roles in prominent financial institutions.
Headquartered in Pittsburgh, Federated Hermes has a global presence with more than 2,000 employees across major financial hubs such as London, New York, and Boston. The company remains committed to delivering responsible investment solutions that align with the diverse needs of its clients.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share, exempt from federal income tax and alternative minimum tax. The record date for this dividend is May 21, 2021, with an ex-dividend date of May 20, 2021 and a payable date of June 1, 2021. Founded on the principle of responsible investing, Federated Hermes manages $625.0 billion in assets as of March 31, 2021, providing diverse investment solutions to over 11,000 clients globally.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share, payable on May 3, 2021. The record date for this dividend is April 23, 2021, with an ex-dividend date of April 22, 2021. The fund offers income that is exempt from both federal income tax and alternative minimum tax (AMT). As of December 31, 2020, Federated Hermes managed $619.4 billion in assets, underscoring its commitment to responsible investing and long-term wealth creation for clients.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share, with the record date set for March 23, 2021, and the payable date on April 1, 2021. This fund aims to provide investors with current income that is exempt from federal income tax and the alternative minimum tax (AMT). Federated Hermes manages approximately $619.4 billion in assets, emphasizing responsible investing as a wealth-building strategy.
Federated Hermes Premier Municipal Income Fund (FMN) announced a tax-free dividend of $0.054 per share, with a record date of Feb. 23, 2021 and a payable date of March 1, 2021. This dividend is exempt from both regular federal income tax and the federal alternative minimum tax (AMT). Additionally, the fund's by-laws have been amended to strengthen governance, requiring large shareholders (10% threshold) to receive approval from remaining shareholders before voting. Shareholders should refer to the full by-laws for comprehensive details.
Federated Hermes Premier Municipal Income Fund (FMN) reported its earnings for the fiscal year ending November 30, 2020. The fund achieved net investment income of $7.61 million (or $0.66 per share), with net realized and unrealized gains of $1.07 million (or $0.09 per share). As of November 30, 2020, FMN's total portfolio assets stood at $292.9 million, with a net asset value per share of $15.49. The fund has maintained a monthly tax-free dividend since February 2003.
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