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 declared a tax-free dividend of $0.054 per share. This dividend is scheduled with a record date on October 22, 2021, an ex-dividend date of October 21, 2021, and a payable date of November 1, 2021. The fund aims to provide investors with tax-exempt income from federal income tax and the alternative minimum tax (AMT). Federated Hermes, Inc. (NYSE: FHI) manages approximately $645.8 billion in assets as of June 30, 2021.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced plans to redeem all outstanding Auction Market Preferred Shares (AMPS) on or about Nov. 3, 2021. The AMPS will be redeemed at $25,000 per share, totaling a liquidation preference of $1,175,000. The fund reserves the right to modify the redemption details if net asset value declines. Federated Hermes, Inc. (NYSE: FHI) manages $645.8 billion in assets, focusing on responsible long-term investment strategies.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a monthly dividend of $0.054 per share, payable on October 1, 2021, with a record date of September 23, 2021 and an ex-dividend date of September 22, 2021. This dividend is exempt from regular federal income tax as well as the federal alternative minimum tax (AMT), making it an attractive option for tax-sensitive investors. The fund is managed by Federated Hermes, which oversees $645.8 billion in assets as of June 30, 2021.
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.
Federated Hermes Premier Municipal Income Fund (FMN) reported net investment income of $3.9 million or $0.33 per common share for the six-month period ending May 31, 2021. The fund also realized net gains of $3.5 million or $0.31 per share. As of the end of this period, the net asset value per share stood at $15.81, with total managed assets reaching $296.6 million. FMN maintained a stable monthly dividend of $0.054 since February 2003. The fund welcomed a new portfolio manager, Duwayne Walker, enhancing its management team.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.054 per share tax-free dividend, payable on August 2, 2021. The record date is July 23, 2021 and the ex-dividend date is July 22, 2021. This fund aims to deliver current dividend income that is exempt from federal income tax and the federal alternative minimum tax (AMT). With $625 billion in assets under management, Federated Hermes emphasizes responsible investing as a strategy to create long-term wealth.
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