Federated Premier Municipal Income Fund Announces Unaudited Earnings Results for the Six Months Ended May 31, 2016
July 29, 2016 at 06:14 pm IST
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Federated Premier Municipal Income Fund announced unaudited earnings results for the six months ended May 31, 2016. For the six-month period, FMN had net investment income of $2.6 million or $0.41 per common share. Net realized and unrealized gains were $3.4 million or $0.55 per common share. At May 31, 2016, FMN had an undistributed income reserve of $0.039 per common share, down from $0.066 per common share at Nov. 30, 2015. Net asset value per common share was $15.78.
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 
