Federated Premier Municipal Income Fund Announces Earnings Results for the Fiscal Year Ended November 30, 2016
January 31, 2017 at 06:47 pm IST
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Federated Premier Municipal Income Fund announced earnings results for the fiscal year ended November 30, 2016. For the period, the company had net investment income of $5.07 million or $0.81 per common share. Net realized and unrealized losses were $4.09 million or $0.66 per common share. At Nov. 30, 2016, FMN had an undistributed net investment income reserve of $0.002 per common share, down from $0.066 per common share at Nov. 30, 2015. Total portfolio assets of FMN were $143.7 million and the net asset value per common share was $14.55.
Federated Hermes Premier Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The investment objective of the Fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). The Fund normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment grade tax-exempt securities. The Fund may invest up to 20% of its total assets in tax-exempt securities of below investment grade quality (but not lower than B, including modifiers, sub-categories or gradations). The Fund invests in various sectors, including hospital, tobacco, toll road, senior care, airport, water and sewer, and other utility. The Fundâs investment advisor is Federated Investment Management Company.
FEDERATED HERMES PREMIER MUNICIPAL INCOME FUND 
