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PITTSBURGH, March 10, 2023 /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
The change from the previous month is due to ongoing rate increases from the Federal Reserve, which have caused the fund's cost of leverage to increase more rapidly than portfolio income.
Investors can view additional portfolio information in the Products section of FederatedInvestors.com.
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $668.9 billion in assets under management, as of Dec. 31, 2022. 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 11,000 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 nearly 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com.
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SOURCE Federated Hermes, Inc.
Tax-Free Dividend Per Share
Record Date: | March 23, 2023 | |
Ex-Dividend Date: | March 22, 2023 | |
Payable Date: | April 3, 2023 | |
The change from the previous month is due to ongoing rate increases from the Federal Reserve, which have caused the fund's cost of leverage to increase more rapidly than portfolio income.
Investors can view additional portfolio information in the Products section of FederatedInvestors.com.
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $668.9 billion in assets under management, as of Dec. 31, 2022. 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 11,000 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 nearly 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com.
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SOURCE Federated Hermes, Inc.
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