PITTSBURGH, Dec. 10,
2024 /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:
|
Dec. 23,
2024
|
|
Ex-Dividend
Date:
|
Dec. 23,
2024
|
|
Payable
Date:
|
Jan. 2,
2025
|
|
Amount
|
Change From Previous
Month
|
|
$0.0400
|
$0.0020
|
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 Pittsburgh, United Way of Southwestern Pennsylvania and Goodwill
Industries Pittsburgh. Larrimer earned her bachelor's degree from
Point Park University and completed the
Carnegie Mellon University Center for
Executive Education Leadership Program.
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 Washington &
Jefferson College. He is also President and Chief Tasting
Officer of Raise Your Spirits. Miller was an attorney for Federated
Investors, Inc. (now Federated Hermes, Inc.) from May 1994 to November
1997. He earned his bachelor's degree from the University of Pennsylvania, his J.D. from the
University of Pittsburgh and his MBA
from Northwestern University.
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 U.S. Mutual Funds business. Nasta earned his
bachelor's degree from Stony Brook University, his J.D. from
Hofstra University and his Master of
Laws from New York University.
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active,
responsible investment management, with $800.5 billion in assets under management, as of
Sept. 30, 2024. We deliver
investment solutions that help investors target a broad range of
outcomes and provide equity, fixed-income, alternative/private
markets, multi-asset and liquidity management strategies to more
than 10,000 institutions and intermediaries worldwide. Our clients
include corporations, government entities, insurance companies,
foundations and endowments, banks and broker/dealers. Headquartered
in Pittsburgh, Federated Hermes
has more than 2,000 employees in London, New
York, Boston and offices
worldwide. For more information, visit
FederatedHermes.com/us .
###
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SOURCE Federated Hermes, Inc.
