Federated Hermes Premier Municipal Income Fund (FMN) News
Market Cap: $84.60M
Avg Volume: 39.51K
Industry: Asset Management - Income
Sector: Financial Services
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , March 17, 2025 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Feb. 28, 2025, is now available in the Products section of FederatedHermes.com/us . To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email CEinfo@federatedhermes.com or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222.
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Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , March 10, 2025 /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.
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CEF Weekly Review: The Difficulties Of High-Quality CEFs
We review the CEF market valuation and performance through the second week of December and highlight recent market action. CEFs mostly declined this week due to a 0.25% rise in 10-year Treasury yields, with only the loan sector showing a slight NAV gain. The BlackRock Enhanced Government Fund (EGF) will merge into BlackRock Income Trust (BKT); high-quality funds like these are not ideal in CEFs.
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Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustees
PITTSBURGH , Dec. 10, 2024 /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.
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Federated Hermes Premier Municipal Income Fund announces final results of tender offer
PITTSBURGH , Oct. 15, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that in accordance with the terms of its tender offer, since the tender offer was oversubscribed, it will purchase 32% of its issued and outstanding common shares on a pro rata basis, with appropriate adjustment to avoid purchase of fractional shares (the "proration factor"). The purchase price is $12.67 per common share, which is 99% of the net asset value per common share determined as of the close of the regular trading session of the New York Stock Exchange on Oct. 11, 2024.
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Federated Hermes Premier Municipal Income Fund announces tender offer expiration
PITTSBURGH , Oct. 14, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that its tender offer for 3,679,390 of its issued and outstanding common shares, representing approximately 32% of its outstanding common shares, expired at 5 p.m. Eastern on Oct. 11, 2024.
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Federated Hermes Premier Municipal Income Fund commences tender offer for common shares
PITTSBURGH , Sept. 13, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that it commenced a tender offer for up to 32 percent of its outstanding common shares.
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Saba Capital Reaches Agreement With Federated Hermes
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), today announced that it has entered into a standstill agreement with Federated Investment Management Company, which is the investment advisor of the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) (the “Fund”). In connection with the agreement, the Fund will conduct a tender offer to purchase up to 32% of its outstanding common shares in cash. The tender offer will provide all.
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Federated Hermes Premier Municipal Income Fund announces tender offer
PITTSBURGH , Aug. 30, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced that (subject to certain conditions) it will commence a cash tender offer for up to 32% of its outstanding common shares. The tender offer will provide all shareholders the opportunity to tender some or all of their common shares at a price per common share of 99% of the fund's net asset value (NAV) per share as determined on the day the tender offer expires or the preceding business day.
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Federated Hermes Premier Municipal Income Fund sets date for annual shareholders meeting
PITTSBURGH , June 10, 2024 /PRNewswire/ -- The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that its annual meeting of shareholders will be held on Friday, Nov. 8, 2024. Investors can view additional portfolio fund and portfolio information in the Products section of FederatedHermes.com/us.
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Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustee
PITTSBURGH , Jan. 10, 2024 /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.
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Municipal Bond CEF Update Aug 2023: Valuations Are Incredible
Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affected by increased leverage costs. Muni CEFs have upside potential once interest rates normalize, but individual munis offer lower risk and higher yields.
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Quality Closed-End Fund Report, November 2022
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.
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CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?
Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.
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Federated Hermes Premier Municipal Income Fund declares dividend and announces change in leverage
PITTSBURGH , June 9, 2022 /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.
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Federated Hermes Premier Municipal Income Fund to call and redeem all outstanding Auction Market Preferred Shares
PITTSBURGH, Pa., Sept. 30, 2021 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced that it plans to call and redeem all of its outstanding Auction Market Preferred Shares (AMPS) on or about Nov. 3, 2021.
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Federated Hermes Premier Municipal Income Fund Reports Semi-Annual Earnings
PITTSBURGH, July 29, 2021 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced earnings for the six-month period ended May 31, 2021. Established in 2002, the fund seeks to provide investors with income that is exempt from federal income tax, including alternative minimum tax (AMT), by investing in municipal securities from different sectors, states and issuers across the country.
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Australia should create ‘Pacific visa’ to reduce impact of climate change and disaster on islanders
Displacement is growing in the Asia-Pacific region, and a new policy paper argues migration policies must be established now
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Invesco (NYSE:IVZ) and Federated Hermes (NYSE:FHI) Head to Head Review
Invesco (NYSE:IVZ) and Federated Hermes (NYSE:FHI) are both mid-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, valuation, dividends, profitability, analyst recommendations, institutional ownership and risk. Dividends Invesco pays an annual dividend of $0.62 per share and has a dividend yield of […]
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New Zealand bushfire that demolished village leads to climate crisis debate
Scientists say hotter and longer summers make such an unusually fierce fire more likely
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Market bull reveals two risks keeping him up at night and why they may alter his forecast
Federated Hermes’ Phil Orlando signals his bull case may be on borrowed time.
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CORRECTING and REPLACING McAllen, Texas Bridges the Digital Divide With Shared Spectrum CBRS Services From Federated Wireless and Cambium Networks
Please replace the release with the following corrected version due to multiple revisions. The updated release reads: MCALLEN, TEXAS BRIDGES THE DIGIT
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McAllen, Texas Bridges the Digital Divide With Shared Spectrum CBRS Services From Federated Wireless and Cambium Networks
The city of McAllen, Texas is deploying a shared spectrum CBRS wireless network with technology from private network pioneer Federated Wireless and Ca
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Adobe gets an upgrade ahead of earnings, but one chart shows it could be headed for a pullback
A "negative divergence" in Adobe's chart suggests the stock could be headed for further weakness, says Piper Sandler's Craig Johnson.
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Ensign Peak Advisors Inc Purchases Shares of 68,400 Federated Hermes Inc (NYSE:FHI)
Ensign Peak Advisors Inc purchased a new stake in shares of Federated Hermes Inc (NYSE:FHI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 68,400 shares of the company’s stock, valued at approximately $1,621,000. Ensign Peak Advisors Inc owned about 0.07% of Federated Hermes at […]
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Treasury Curve Bear-Steepened; Muni Yields Higher - Muni Fortnightly, August 31, 2020
The Treasury curve bear-steepened and muni yields followed higher. Moody’s: Covid-19 will result in state and local government austerity and higher leverage.
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Treasuries Had A Bear-Steepening Week: Fixed Income Weekly Monitor, August 31, 2020
Treasury yields bear-steepened. Powell comments on desire for more inflation not immediately recognizable in yields.
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Rule #1 For Bonds: Don't Lose Money
At the beginning of this year, we created the Baskin Fixed Income Fund as a more efficient way to manage your fixed income investments.
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For Muni Investors, COVID-19 Provides Lessons In Liquidity
Over the years, individual investors have flocked to municipal bonds to meet safety, income and after-tax return goals.
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One cloud computing stock deserves a second look into earnings, Piper Sandler says
It's a busy earnings week for the cloud stocks. Piper Sandler's Craig Johnson says Palo Alto Networks stands out from the pack. Here's why.
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Op-ed: What Japan's 1980s boom and bust can tell us about the Chinese economy
Three major vulnerabilities emerge in China's economy at a potential turning point in its relations with the world, says Federated Hermes portfolio manager Steve Chiavarone.
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'Impressive' economic recovery will drive stocks to new highs through 2021, Wall Street bull Phil Orlando predicts
Federated Hermes' Phil Orlando lists what he sees going right for the economy and market rally.
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Federated Hermes opens Spanish office
A year after the firm first established a European presence #federatedhermes #spain
expertinvestoreurope.com
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An Innovator’s DNA: Federated Wireless’ Secret To Success With Iyad Tarazi
Every now and then, someone comes along and transforms and disrupts an industry. On today’s show, Carrie Charles talks to one of those people, Iyad Tarazi. Iyad is the President and CEO of Federate…
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Federated Hermes (NYSE:FHI) Price Target Raised to $24.00
Federated Hermes (NYSE:FHI) had its target price upped by Deutsche Bank from $23.00 to $24.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. They currently have a hold rating on the stock. Several other research firms have also recently commented on FHI. Zacks Investment Research raised Federated Hermes from a sell rating […]
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Airlines could receive billions more in relief, but it may not be enough, traders say
Airline stocks are taking off as lawmakers consider another $25 billion in relief for the beaten-down group, but some traders see turbulence.
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Corporate Bond Investors Still Wary of Coronavirus Volatility
Bond investors are wary about a return of coronavirus-induced volatility, despite central banks’ efforts to backstop credit markets.
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TripAdvisor, Booking Holdings rise after earnings — what two traders are watching
Travel stocks are in trouble for the long haul despite incrementally improving conditions around the world, two traders say.
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What Federated Wireless has learned from operating a CBRS ESC
A little more than a year ago, Federated Wireless announced that the network of sensors that it had built out along the nation’s coastlines was ready to commercially support operations in the…
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Britain's banks brace for $22 billion loan losses as outlook darkens
Britain's banks brace for $22 billion loan losses as outlook darkens
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Critical Contrast: Westwood Holdings Group (NYSE:WHG) and Federated Hermes (NYSE:FHI)
Westwood Holdings Group (NYSE:WHG) and Federated Hermes (NYSE:FHI) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations. Dividends Westwood Holdings Group pays an annual dividend of $1.72 per share and has a […]
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EV maker Lordstown Motors to go public by merging with blank check firm
EV maker Lordstown Motors to go public by merging with blank check firm
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Oil Crisis Presents BP’s New CEO With a Chance to Change
Oil Crisis Presents BP’s New CEO With a Chance to Change
investing.com
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Boeing looks like a 'survivor' among beat-up aerospace and air travel stocks, portfolio manager says
All eyes Wednesday will be on Boeing when it reports earnings. Here's why it could be the best of a bad bunch.
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Small Ways Muni Investors Can Make A Big Difference
Municipal bonds issued by state and local entities fund projects across various sectors that create the foundation upon which local economies thrive.
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What Happened In The Bond Markets Last Week? Muni Fortnightly, July 20, 2020
Muni yields fell more as ratios have declined. Muni funds experienced net inflows for 10th consecutive week.
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Federated looks ahead to CBRS spectrum secondary market
With PAL auction set to start, the final phase of CBRS commercialization is not far off The Priority Access License auction for the Citizens Broadband Radio Service spectrum at 3.5 GHz will begin o…
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Top 10 Coding Tools For Federated Learning
syft.js library enables training and inference of an ML model inside a web browser. The developers can write the model and training plan in normal PyTorch
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2020 Muni Market Midyear Update
States and towns are reluctant to make any issuance until they have an understanding of just how bad their revenue losses are going to be.
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Don't call it a fee waiver: Vanguard shifts money fund expenses
Don't call it a fee waiver: Vanguard shifts money fund expenses
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Heroes And Villains
My attention is fully focused on the markets and what is driving them. The Superman for the markets is Chairman Jerome Powell, the Presidents and Governors of t
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