Federated Premier Municipal Income Fund announced earnings results for the fiscal year ended November 30, 2015. For the period, the company had net investment income of $5.41 million or $0.87 per common share.  From this amount, FMN paid dividends on auction market preferred shares (AMPS) of $0.02 million, resulting in net investment income after the AMPS dividends of $5.39 million or $0.87 per common share.  Net realized and unrealized losses were $0.59 million or $0.10 per common share.  At Nov. 30, 2015, FMN had an undistributed net investment income reserve of $0.066 per common share, down from $0.078 per common share at Nov.

30, 2014.  Total from investment operations was $0.77 million against $2.32 million a year ago. Total return at net asset value was 5.17% against 17.09% a year ago.