Federated Premier Municipal Income Fund (FMN) announced earnings results for the fiscal year ended November 30, 2014. For the period, the company reported net investment income of $5.50 million or $0.89 per common share. Net investment income after the AMPS dividends was $5.48 million or $0.89 per common share.

Net realized and unrealized gains were $8.9 million or $1.43 per common share. FMN had an undistributed net investment income reserve of $0.080 per common share, up from $0.074 per common share at November 30, 2013. Total from investment operations was $2.32 million against loss of $1.22 million a year ago.

Total return at net asset value was 17.09% against negative return at net asset value of 7.76% a year ago.