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 (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.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, effective February 1, 2021. The record date is set for January 22, 2021, with an ex-dividend date on January 21, 2021. This fund aims to provide investors with current income exempt from federal income tax and the alternative minimum tax (AMT). As a global investment manager, Federated Hermes maintains $614.8 billion in assets under management as of September 30, 2020.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, marking no change from the previous month. The record date for this dividend is set for Dec. 23, 2020, with an ex-dividend date of Dec. 22, 2020, and a payable date on Jan. 4, 2021. This dividend is exempt from regular federal income tax and alternative minimum tax, making it attractive for investors seeking tax-free income.
Federated Hermes Premier Municipal Income Fund (FMN) announced a monthly dividend of $0.054 per share, exempt from federal income tax and alternative minimum tax (AMT). The record date for this dividend is November 23, 2020, with the ex-dividend date on November 20, 2020, and payment scheduled for December 1, 2020. The fund aims to provide current dividend income while managing a total of $614.8 billion in assets.
Federated Hermes Premier Municipal Income Fund (FMN) has announced a dividend of $0.054 per share, with a record date of October 23, 2020 and an ex-dividend date of October 22, 2020. The payment date is set for November 2, 2020. This dividend is designed to provide investors with income exempt from federal income tax, including the alternative minimum tax (AMT). Federated Hermes, Inc. (FHI) manages $628.8 billion in assets as of June 30, 2020, focusing on responsible investing across various market strategies.
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