Federated Hermes Premier Municipal Income Fund
A closed-end fund investing in municipal securities for federal tax-exempt income.
FMN | US
Overview
Corporate Details
- ISIN(s):
- N/A
- LEI:
- Country:
- United States of America
- Address:
- 4000 ERICSSON DRIVE, WARRENDALE
Description
Federated Hermes Premier Municipal Income Fund is a closed-end fund that seeks to provide current income exempt from federal income tax, including the alternative minimum tax (AMT). The fund invests in a diversified portfolio of long-term, tax-exempt municipal securities. Its strategy focuses on primarily investment-grade bonds, committing at least 80% of its assets to this category, while allowing for up to 20% in non-investment grade securities. The portfolio includes various municipal obligations such as general obligation (GO) state and local bonds, special tax, and hospital bonds. As a closed-end fund, its shares are traded on the open market. The fund utilizes leverage through the issuance of preferred shares, which can affect the volatility and income potential for common shareholders. While income is generally exempt from federal taxes, it may be subject to state and local taxes.
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Filings
| Date | Filing | Language | Size | Actions | |
|---|---|---|---|---|---|
| No filings match the current criteria. | |||||
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Market Data
Market Data Not Available
Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
Peer Companies
