FMN
Federated Hermes Premier Municipal Income FundFMN
FMN
About: Federated Hermes Premier Municipal Income Fund is a United States-based 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 by investing in long-term, tax exempt municipal bonds diversified among states, sectors and issuers.. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5% less capital invested
Capital invested by funds: $64M [Q2] → $60.9M (-$3.16M) [Q3]
5% less funds holding
Funds holding: 43 [Q2] → 41 (-2) [Q3]
6.09% less ownership
Funds ownership: 48.7% [Q2] → 42.61% (-6.09%) [Q3]
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
42% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 19
Research analyst outlook
We haven’t received any recent analyst ratings for FMN.
Financial journalist opinion
Based on 3 articles about FMN published over the past 30 days
Negative
Seeking Alpha
1 day ago
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.
Neutral
PRNewsWire
5 days ago
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Dec. 16, 2024 /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 Nov. 30, 2024, 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.
Neutral
PRNewsWire
1 week ago
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.
Neutral
PRNewsWire
1 month ago
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Nov. 15, 2024 /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 Oct. 31, 2024, 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.
Neutral
PRNewsWire
1 month ago
Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , Nov. 11, 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.
Neutral
PRNewsWire
2 months ago
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Oct. 15, 2024 /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 Sept. 30, 2024, is now available in the Products section of FederatedHermes.com/us.
Neutral
PRNewsWire
2 months ago
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.
Neutral
PRNewsWire
2 months ago
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.
Neutral
PRNewsWire
2 months ago
Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , Oct. 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.
Neutral
PRNewsWire
3 months ago
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Sept. 16, 2024 /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 Aug. 31, 2024, is now available in the Products section of FederatedHermes.com/us.
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