PITTSBURGH, Pa., Feb. 10, 2021 /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. In addition, this
fund features income exempt from the federal alternative minimum
tax (AMT).
Record
Date:
|
Feb. 23,
2021
|
Ex-Dividend
Date:
|
Feb. 22,
2021
|
Payable
Date:
|
March 1,
2021
|
|
|
Tax-Free Dividend
Per Share
|
Amount
|
Change From
Previous Month
|
$0.054
|
$ --
|
Investors can view additional portfolio information in the
Products section of FederatedInvestors.com.
Amended and Restated By-Laws
The fund's board of trustees (the "board"), after a deliberative
review and consistent with the interests of the fund and fund
shareholders, amended and restated the fund's by-laws (as amended,
the "by-laws"). Among other things, the amendments reflected in the
by-laws provide that certain litigation relating to the internal
governance of the fund (excluding claims arising under federal
securities laws) must be brought in federal or state courts in
Delaware. The by-laws also amend the advance notice
provisions to enhance the board's ability to respond to shareholder
proposals, including by requiring that the proponent update certain
information provided with the initial notice. In addition, the
by-laws have been amended to provide that once large
shareholders (individually or in a group) exceed certain threshold
ownership levels (starting at 10% of fund shares) they may only
vote shares that exceed the applicable threshold if the remaining
fund shareholders so approve. Certain groups of investors are
exempted from the provisions and the board also retains the
authority to waive the application of the provisions in its
discretion. The by-laws increase the quorum for a shareholder vote
on allowing large shareholders to vote shares and on the election
of trustees from a third to a majority of shares outstanding and
entitled to vote.
This high-level summary of amendments is qualified in its
entirety by reference to the full by-laws, which will be filed with
the SEC. Shareholders should refer to the by-laws for more
information.
Federated Hermes, Inc. is a leading global investment manager
with $619.4 billion in assets under
management as of Dec. 31, 2020.
Guided by our conviction that responsible investing is the best way
to create wealth over the long term, our investment solutions span
163 equity, fixed-income, alternative/private markets, multi-asset
and liquidity management strategies. Providing world-class active
investment management and engagement services to more than 11,000
institutions and intermediaries, our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900
employees include those in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com.
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SOURCE Federated Hermes, Inc.