- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
25 Octobre 2012 - 3:49PM
Edgar (US Regulatory)
United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-Q
Quarterly Schedule of Portfolio
Holdings of Registered Management Investment Companies
811-21249
(Investment Company Act File Number)
Federated Premier Intermediate Municipal
Income Fund
___________________________________________
(Exact Name of Registrant as Specified
in Charter)
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
John W. McGonigle, Esquire
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent
for Service)
Date of Fiscal Year End:
11/30/2012
Date of Reporting Period:
Quarter
ended 08/31/2012
Item 1. Schedule of Investments
Federated Premier Intermediate Municipal Income Fund
Portfolio of Investments
August 31, 2012
(unaudited)
Principal
Amount
|
|
|
Value
|
|
|
|
MUNICIPAL BONDS—97.5%
|
|
|
|
|
Arizona—2.6%
|
|
|
$1,000,000
|
|
Maricopa County, AZ, IDA, Health Facility Revenue Bonds (Series 2004A), 5.375% (Catholic Healthcare West), 7/1/2023
|
$
$1,051,540
|
|
1,690,000
|
|
Pima County, AZ IDA, PCRBs (Series 2009A), 4.95% (Tucson Electric Power Co.), 10/1/2020
|
1,872,469
|
|
1,500,000
|
|
Verrado Community Facilities District No. 1, AZ, Revenue Bonds, 6.15%, 7/15/2017
|
1,522,125
|
|
|
|
TOTAL
|
4,446,134
|
|
|
|
Arkansas—0.8%
|
|
|
1,000,000
|
|
Independence County, AR, PCR Refunding Bonds (Series 2005), 5.00% (Entergy Arkansas, Inc.), 1/1/2021
|
1,001,630
|
|
300,000
|
|
Jefferson County, AR, PCR Refunding Bonds (Series 2006), 4.60% (Entergy Arkansas, Inc.), 10/1/2017
|
300,639
|
|
|
|
TOTAL
|
1,302,269
|
|
|
|
California—10.5%
|
|
|
1,115,000
|
|
Bay Area Toll Authority, CA, San Francisco Bay Area Subordinate Toll Bridge Revenue Bonds (Series 2010 S-2), 5.00%,
10/1/2024
|
1,305,386
|
|
570,000
|
|
California Health Facilities Financing Authority, Health Facility Revenue Bonds (Series 2004I), 4.95% TOBs (Catholic
Healthcare West), Mandatory Tender 7/1/2014
|
610,145
|
|
1,500,000
|
|
California Health Facilities Financing Authority, Revenue Bonds (Series 2011A), 5.25% (Catholic Healthcare West), 3/1/2027
|
1,701,945
|
|
1,250,000
|
|
California Health Facilities Financing Authority, Revenue Bonds (Series 2012A), 5.00% (Scripps Health), 11/15/2032
|
1,404,787
|
|
1,705,000
|
|
California State, Refunding Economic Recovery Bonds (Series 2009A), 5.00% (California State Fiscal Recovery Fund), 7/1/2018
|
2,080,765
|
|
1,500,000
|
|
California State, Various Purpose UT GO Bonds, 5.00%, 9/1/2021
|
1,833,420
|
|
1,740,000
|
|
California Statewide CDA, Revenue Bonds (Series 2007), 5.00% (Inland Regional Center), 12/1/2017
|
1,837,127
|
|
1,000,000
|
|
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), 6.125% (Citigroup, Inc. GTD), 11/1/2029
|
1,188,830
|
|
1,335,000
|
|
Sacramento, CA Municipal Utility District, Electric Revenue Refunding Bonds (Series 2012Y), 5.00%, 8/15/2028
|
1,602,761
|
|
1,500,000
|
|
San Diego, CA Public Facilities Authority, Senior Sewer Revenue Refunding Bonds (Series 2009B), 5.00% (San Diego, CA
Wastewater System), 5/15/2016
|
1,735,515
|
|
1,000,000
|
|
San Francisco, CA City & County Airport Commission, Second Series Revenue Refunding Private Activity Bonds (Series
2010C), 5.00%, 5/1/2021
|
1,201,750
|
|
1,000,000
|
|
San Jose, CA Airport, Airport Revenue Bonds (Series 2011A-2), 5.00% (Original Issue Yield: 5.05%), 3/1/2031
|
1,108,690
|
|
|
|
TOTAL
|
17,611,121
|
|
|
|
Colorado—5.6%
|
|
|
707,000
|
|
Antelope Heights Metropolitan District, CO, LT GO Bonds, 8.00% (United States Treasury PRF 12/1/2013@101), 12/1/2023
|
780,266
|
|
130,000
|
|
Colorado Educational & Cultural Facilities Authority, Revenue Refunding Bonds (Series A), 6.25% (Denver
Academy)/(Original Issue Yield: 6.50%), 11/1/2013
|
131,631
|
|
500,000
|
|
Colorado Educational & Cultural Facilities Authority, Revenue Refunding Bonds (Series A), 7.00% (Denver
Academy)/(Original Issue Yield: 7.25%), 11/1/2023
|
511,035
|
|
1,265,000
|
|
Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/2013
|
1,321,786
|
|
2,000,000
|
|
Colorado Health Facilities Authority, Revenue Bonds (Series 2011A), 5.25% (Catholic Health Initiatives), 2/1/2031
|
2,316,360
|
|
1,000,000
|
|
Colorado Health Facilities Authority, Revenue Refunding Bonds (Series 2012A), 5.00% (Covenant Retirement Communities,
Inc.), 12/1/2027
|
1,065,240
|
|
805,000
|
|
Conservatory Metropolitan District, CO, LT GO Bonds, 7.40% (United States Treasury PRF 12/1/2013@102), 12/1/2016
|
879,833
|
|
600,000
|
|
Denver (City & County), CO, Airport System Revenue Bonds (Series 2009A), 5.00% (Denver, CO City & County Airport
Authority), 11/15/2016
|
704,820
|
|
1,000,000
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008), 6.25% (Merrill Lynch & Co.,
Inc. GTD)/(Original Issue Yield: 6.63%), 11/15/2028
|
1,197,640
|
|
500,000
|
|
Southlands, CO Metropolitan District No. 1, LT GO Bonds (Series 2004), 7.00% (United States Treasury PRF
12/1/2014@100)/(Original Issue Yield: 7.05%), 12/1/2024
|
573,680
|
|
|
|
TOTAL
|
9,482,291
|
|
|
|
District of Columbia—0.7%
|
|
|
1,000,000
|
|
District of Columbia, Ballpark Revenue Bonds (Series 2006B-1), 5.25% (FGIC and National Public Finance Guarantee Corporation
INS), 2/1/2016
|
1,114,940
|
|
|
|
Florida—5.1%
|
|
|
1,000,000
|
|
Citizens Property Insurance Corp. FL, Senior Secured Bonds (Series 2009A-1), 5.00% (Citizens Property Insurance Coastal
Account)/(Assured Guaranty Corp. INS), 6/1/2014
|
1,071,720
|
Principal
Amount
|
|
|
Value
|
|
|
|
MUNICIPAL BONDS—
continued
|
|
|
|
|
Florida—continued
|
|
|
$
25,000
|
|
Fishhawk Community Development District II, Special Assessment Revenue Bonds (Series 2004B), 7.04% (Original Issue
Yield: 7.087%), 11/1/2014
|
$
24,676
|
|
1,000,000
|
|
Florida Higher Educational Facilities Financing Authority, Revenue Refunding Bonds (Series 2012A), 5.00% (Nova
Southeastern University), 4/1/2027
|
1,092,660
|
|
1,000,000
|
|
Jacksonville, FL Sales Tax, Refunding Revenue Bonds (Series 2012), 5.00%, 10/1/2027
|
1,170,040
|
|
1,000,000
|
|
Miami Beach, FL Health Facilities Authority, Hospital Revenue Refunding Bonds (Series 2012), 5.00% (Mt. Sinai Medical
Center, FL), 11/15/2022
|
1,114,470
|
|
270,000
|
|
Orlando, FL Urban Community Development District, Capital Improvement Revenue Bonds, 6.00%, 5/1/2020
|
269,646
|
|
500,000
|
|
Orlando, FL, Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.25% (6th Cent Contract Payments)/(Assured
Guaranty Corp. INS), 11/1/2020
|
552,470
|
|
845,000
|
1,2
|
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2007), 6.375%, 5/1/2017
|
381,374
|
|
230,000
|
|
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-1), 6.375%, 5/1/2017
|
222,730
|
|
75,000
|
3
|
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-2) 0.00%, (Original Issue
Yield: 6.61%), 5/1/2039
|
53,812
|
|
175,000
|
3
|
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-3) 0.00%, (Original Issue
Yield: 6.61%), 5/1/2040
|
100,800
|
|
90,000
|
3
|
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-4) 0.00%,(Original Issue
Yield: 6.61%), 5/1/2040
|
38,133
|
|
2,390,000
|
|
University of Central Florida Athletics Association, Inc., FL, COPs (Series 2004A), 5.125% (FGIC and National Public
Finance Guarantee Corporation INS), 10/1/2022
|
2,469,396
|
|
|
|
TOTAL
|
8,561,927
|
|
|
|
Georgia—3.5%
|
|
|
1,000,000
|
|
Atlanta, GA Airport Passenger Facilities Charge Revenue, Subordinate Lien General Revenue Bonds (Series 2010B), 5.00%,
1/1/2020
|
1,219,660
|
|
1,500,000
|
|
Atlanta, GA Water & Wastewater, Revenue Bonds (Series 2009A), 6.00%, 11/1/2019
|
1,925,370
|
|
1,250,000
|
|
Atlanta, GA, Tax Allocation Bonds (Series 2005B), 5.40% (Eastside Tax Allocation District)/(Original Issue Yield: 5.50%),
1/1/2020
|
1,357,100
|
|
500,000
|
|
DeKalb Private Hospital Authority, GA, RACs (Series 2009), 5.00% (Children's Healthcare of Atlanta, Inc.), 11/15/2016
|
577,530
|
|
750,000
|
|
Fulton County, GA Residential Care Facilities, Revenue Bonds (Series 2004A), 6.00% (Canterbury Court), 2/15/2022
|
750,803
|
|
|
|
TOTAL
|
5,830,463
|
|
|
|
Guam—0.8%
|
|
|
1,250,000
|
|
Guam Government LO (Section 30), Bonds (Series 2009A), 5.00%, 12/1/2015
|
1,370,500
|
|
|
|
Hawaii—0.4%
|
|
|
600,000
|
|
Hawaii State Department of Budget & Finance, Special Purpose Revenue Bonds (Series A), 7.00% (Kahala Nui)/(United States
Treasury COL)/(Original Issue Yield: 7.00%), 11/15/2012
|
604,008
|
|
|
|
Illinois—5.3%
|
|
|
1,325,000
|
|
Chicago, IL Sales Tax, Refunding Revenue Bonds, 5.00% (Assured Guaranty Municipal Corp. INS), 1/1/2019
|
1,460,918
|
|
900,000
|
|
Chicago, IL Special Assessment, Improvement Bonds (Series 2002), 6.625% (Lakeshore East Project)/(Original Issue
Yield: 6.637%), 12/1/2022
|
930,357
|
|
875,000
|
|
Illinois Finance Authority, Revenue Bonds (Series 2005A), 6.00% (Landing at Plymouth Place), 5/15/2025
|
809,664
|
|
500,000
|
|
Illinois Finance Authority, Revenue Bonds (Series 2012B), 5.00% (Loyola University of Chicago), 7/1/2026
|
589,960
|
|
1,000,000
|
|
Illinois Finance Authority, Revenue Refunding Bonds (Series 2005A), 5.00% (Depaul University), 10/1/2014
|
1,069,590
|
|
2,000,000
|
|
Illinois State Sales Tax, Sales Tax Revenue Bonds (Junior Obligation Series June 2010), 5.00%, 6/15/2016
|
2,322,940
|
|
345,000
|
|
Illinois State, UT GO Refunding Bonds (Series May 2012), 5.00%, 8/1/2025
|
385,796
|
|
1,000,000
|
|
Railsplitter Tobacco Settlement Authority, IL, Tobacco Settlement Revenue Bonds (Series 2010), 5.00%, 6/1/2015
|
1,094,950
|
|
|
|
TOTAL
|
8,664,175
|
|
|
|
Indiana—1.6%
|
|
|
1,050,000
|
|
Indiana Health & Educational Facility Financing Authority, Revenue Bonds (Series 2005), 5.00% (Baptist Homes of
Indiana), 11/15/2014
|
1,116,969
|
|
1,300,000
|
|
Whiting, IN Environmental Facilities, Revenue Bonds (Series 2009), 5.25% (BP PLC), 1/1/2021
|
1,576,094
|
|
|
|
TOTAL
|
2,693,063
|
|
|
|
Louisiana—0.5%
|
|
|
981,000
|
1,2
|
Lakeshore Villages Master Community Development District, LA, Special Assessment Bonds (Series 2007), 5.25% (Original Issue
Yield: 5.378%), 7/1/2017
|
392,547
|
Principal
Amount
|
|
|
Value
|
|
|
|
MUNICIPAL BONDS—
continued
|
|
|
|
|
Louisiana—continued
|
|
|
$
470,000
|
|
St. Charles Parish, LA Gulf Opportunity Zone, Revenue Bonds (Series 2010), 4.00% TOBs (Valero Energy Corp.), Mandatory
Tender 6/1/2022
|
$
504,319
|
|
|
|
TOTAL
|
896,866
|
|
|
|
Maine—0.5%
|
|
|
665,000
|
|
Maine Health & Higher Educational Facilities Authority, Revenue Bonds (Series 2011), 7.50% (MaineGeneral Medical
Center), 7/1/2032
|
826,063
|
|
|
|
Maryland—10.6%
|
|
|
175,000
|
|
Maryland State EDC, Port Facilities Refunding Revenue Bonds (Series 2010), 5.75% (CONSOL Energy, Inc.), 9/1/2025
|
189,560
|
|
1,000,000
|
|
Maryland State EDC, Revenue Bonds (Series A), 5.125% (Ports America Chesapeake, Inc.)/(Original Issue Yield: 5.25%),
6/1/2020
|
1,102,780
|
|
13,500,000
|
4
|
Maryland State, UT GO Bonds (Second Series 2008), 5.00%, 7/15/2022
|
16,379,685
|
|
|
|
TOTAL
|
17,672,025
|
|
|
|
Massachusetts—3.2%
|
|
|
1,000,000
|
|
Massachusetts Bay Transportation Authority Sales Tax Revenue, Revenue Bonds (Series B), 5.25%, 7/1/2018
|
1,237,670
|
|
2,000,000
|
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds (Series 2010B), 5.00%, 1/1/2024
|
2,311,300
|
|
1,030,000
|
|
Massachusetts HEFA, Revenue Bonds (Series 2010A), 5.00% (Northeastern University), 10/1/2023
|
1,215,565
|
|
500,000
|
|
Massachusetts State Development Finance Agency, Revenue Bonds (Series 2012), 5.00% (Northeastern University), 10/1/2029
|
585,020
|
|
|
|
TOTAL
|
5,349,555
|
|
|
|
Michigan—1.0%
|
|
|
1,500,000
|
|
Michigan State Building Authority, Revenue Refunding Bonds (Series 2009I), 5.00%, 10/15/2016
|
1,729,020
|
|
|
|
Minnesota—1.5%
|
|
|
335,000
|
|
Tobacco Securitization Authority, MN, Minnesota Tobacco Settlement Revenue Bonds (Series 2011B), 5.25% (Original
Issue
Yield: 5.291%), 3/1/2031
|
377,991
|
|
955,000
|
|
Tobacco Securitization Authority, MN, Tobacco Settlement Revenue Bonds (Series 2011B), 5.25%, 3/1/2026
|
1,096,073
|
|
750,000
|
|
University of Minnesota, GO Bonds (Series 2011A), 5.00%, 12/1/2018
|
928,282
|
|
|
|
TOTAL
|
2,402,346
|
|
|
|
Nebraska—1.4%
|
|
|
2,000,000
|
|
Nebraska Public Power District, General Revenue Bonds (Series 2012A), 5.00%, 1/1/2028
|
2,377,200
|
|
|
|
Nevada—2.3%
|
|
|
2,000,000
|
|
Clark County, NV, IDRB (Series 2003C), 5.45% TOBs (Southwest Gas Corp.), Mandatory Tender 3/1/2013
|
2,040,400
|
|
950,000
|
|
Las Vegas, NV, Local Improvement Special Assessment Bonds (Series 2004), 5.50% (Providence SID No. 607), 6/1/2013
|
961,134
|
|
765,000
|
|
North Las Vegas, NV SID No. 60, Subordinate LT Obligation Refunding Bonds (Series 2006B), 5.00% (Aliante SID No.
60)/(Original Issue Yield: 5.05%), 12/1/2017
|
789,503
|
|
|
|
TOTAL
|
3,791,037
|
|
|
|
New Jersey—1.0%
|
|
|
1,500,000
|
|
New Jersey EDA, (NJ Dedicated Cigarette Excise Tax), Cigarette Tax Revenue Refunding Bonds (Series 2012), 5.00% 6/15/2020
|
1,732,965
|
|
251,750
|
1,2
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, 6.00% (Pascack Valley Hospital
Association)/(Original Issue Yield: 6.25%), 7/1/2013
|
3
|
|
|
|
TOTAL
|
1,732,968
|
|
|
|
New Mexico—0.7%
|
|
|
1,000,000
|
|
Farmington, NM, PCR Refunding Bonds (Series A), 5.20% TOBs (Public Service Co., NM), Mandatory Tender 6/1/2020
|
1,138,840
|
|
|
|
New York—6.8%
|
|
|
750,000
|
|
Brooklyn Arena Local Development Corporation, NY, Pilot Revenue Bonds (Series 2008), 5.75%, 7/15/2018
|
864,622
|
|
1,000,000
|
|
Erie County, NY IDA, School Facility Revenue Bonds (Series 2011A), 5.25% (Buffalo, NY City School District), 5/1/2027
|
1,185,650
|
|
1,500,000
|
|
New York City, NY TFA, Future Tax Secured Bonds (Series Fiscal 2011D), 5.00%, 2/1/2019
|
1,829,340
|
|
15,000
|
|
New York City, NY, UT GO Bonds (Series 2002D), 5.00% (Original Issue Yield: 5.21%), 6/1/2017
|
15,056
|
|
1,000,000
|
|
New York Liberty Development Corporation, Liberty Revenue Bonds (Series 2011), 5.00% (4 World Trade Center), 11/15/2031
|
1,146,790
|
|
2,000,000
|
|
New York Liberty Development Corporation, Revenue Refunding Bonds (Series 2012 Class 1), 5.00% (7 World Trade Center
LLC), 9/15/2028
|
2,405,060
|
|
2,000,000
|
|
Tobacco Settlement Financing Corp., NY, (Series 2003B-1C), 5.50% (New York State), 6/1/2019
|
2,075,980
|
|
1,710,000
|
|
Triborough Bridge & Tunnel Authority, NY, General Revenue Refunding Bonds (Series 2011A), 5.00%, 1/1/2026
|
2,071,768
|
|
|
|
TOTAL
|
11,594,266
|
Principal
Amount
|
|
|
Value
|
|
|
|
MUNICIPAL BONDS—
continued
|
|
|
|
|
North Carolina—1.5%
|
|
|
$
1,000,000
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds (Series D), 5.50%, 1/1/2014
|
$
1,064,830
|
|
1,500,000
|
|
North Carolina Municipal Power Agency No. 1, Electric Revenue Bonds (Series 2003A), 5.50%, 1/1/2014
|
1,525,710
|
|
|
|
TOTAL
|
2,590,540
|
|
|
|
Ohio—2.8%
|
|
|
1,000,000
|
|
Cleveland, OH Airport System, Revenue Bonds (Series 2012A), 5.00%, 1/1/2028
|
1,120,200
|
|
1,000,000
|
|
Cuyahoga, OH CCD, General Receipts Revenue Bonds (Series 2002A), 5.00% (United States Treasury PRF 12/1/2012@101),
12/1/2022
|
1,021,950
|
|
2,135,000
|
|
Franklin County, OH Hospital Facility Authority, Hospital Improvement Revenue Bonds (Series 2009), 5.00% (Nationwide
Children's Hospital), 11/1/2019
|
2,548,037
|
|
|
|
TOTAL
|
4,690,187
|
|
|
|
Oregon—1.0%
|
|
|
500,000
|
5,6
|
Cow Creek Band of Umpqua Tribe of Indians, Tax-Exempt Tax Revenue Bonds (Series 2006C), 5.625%, 10/1/2026
|
458,580
|
|
1,000,000
|
|
Yamhill County, OR Hospital Authority, Revenue Bonds, 6.50% (Friendsview Retirement Community)/(United States Treasury
PRF 12/1/2013@101), 12/1/2018
|
1,086,150
|
|
|
|
TOTAL
|
1,544,730
|
|
|
|
Pennsylvania—11.5%
|
|
|
1,500,000
|
|
Allegheny County, PA HDA, Revenue Bonds (Series 2010A), 5.00% (UPMC Health System), 5/15/2017
|
1,751,910
|
|
435,000
|
|
Allegheny County, PA IDA, Environmental Improvement Refunding Revenue Bonds (Series 2005), 5.50% (United States Steel
Corp.), 11/1/2016
|
455,197
|
|
12,050,000
|
4
|
Commonwealth of Pennsylvania, UT Go Bonds, 5.00%, 3/15/2025
|
14,481,080
|
|
1,000,000
|
|
Lancaster, PA Higher Education Authority, College Revenue Bonds, 5.00% (Franklin & Marshall College), 4/15/2019
|
1,116,290
|
|
1,000,000
|
|
Philadelphia, PA Hospitals & Higher Education Facilities Authority, Hospital Revenue Bonds (Series 2012B), 5.00%
(Temple University Health System Obligated Group), 7/1/2018
|
1,088,390
|
|
|
|
TOTAL
|
18,892,867
|
|
|
|
Puerto Rico—1.3%
|
|
|
2,000,000
|
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2012A), 5.00%, 7/1/2029
|
2,136,000
|
|
|
|
South Carolina—2.0%
|
|
|
1,000,000
|
|
Georgetown County, SC Environmental Improvements, Refunding Revenue Bonds (Series 2000A), 5.95% (International Paper
Co.), 3/15/2014
|
1,071,330
|
|
2,000,000
|
|
Piedmont Municipal Power Agency, SC, Electric Refunding Revenue Bonds (Series 2010A-3), 5.00%, 1/1/2024
|
2,334,640
|
|
|
|
TOTAL
|
3,405,970
|
|
|
|
South Dakota—1.1%
|
|
|
1,715,000
|
|
Educational Enhancement Funding Corp., SD, Tobacco Revenue Bonds (Series 2002B), 6.50%, 6/1/2032
|
1,766,622
|
|
|
|
Tennessee—1.0%
|
|
|
1,500,000
|
|
Tennessee Energy Acquisition Corp., Gas Revenue Bonds (Series 2006A), 5.25% (Goldman Sachs & Co. GTD), 9/1/2021
|
1,646,535
|
|
|
|
Texas—5.6%
|
|
|
500,000
|
|
Clifton Higher Education Finance Corporation, TX, Education Revenue Bonds (Series 2012), 5.00% (Idea Public Schools),
8/15/2032
|
535,205
|
|
1,000,000
|
|
Decatur, TX Hospital Authority, Hospital Revenue Bonds (Series 2004A), 6.50% (Wise Regional Health System), 9/1/2014
|
1,087,790
|
|
1,000,000
|
|
Houston, TX Airport System, Senior Lien Revenue & Refunding Bonds (Series 2009A), 5.00%, 7/1/2018
|
1,193,540
|
|
500,000
|
|
Houston, TX Higher Education Finance Corp., Education Revenue Bonds (Series 2012A), 5.00% (Cosmos Foundation, Inc.),
2/15/2032
|
525,755
|
|
500,000
|
|
North Texas Tollway Authority, Special Projects System Revenue Bonds (Series 2011), 5.00% (North Texas Toll Authority
Special Projects System), 9/1/2021
|
625,930
|
|
90,000
|
|
Sam Rayburn, TX Municipal Power Agency, Power Supply System Revenue Refunding Bonds (Series 2012), 5.00%, 10/1/2021
|
106,757
|
|
545,000
|
|
Tarrant County, TX Cultural Education Facilities Finance Corp., Retirement Facility Revenue Bonds (Series 2007), 5.00%
(Air Force Village), 5/15/2016
|
579,548
|
|
500,000
|
|
Tarrant County, TX Cultural Education Facilities Finance Corp., Revenue Bonds, Series 2006A, 6.00% (Northwest Senior
Housing Corp. Edgemere Project), 11/15/2026
|
534,330
|
|
1,270,000
|
|
University of Texas System Board of Regents, Revenue Bonds (Series 2004B), 5.25%, 8/15/2019
|
1,602,867
|
|
2,235,000
|
|
West Harris County, TX Regional Water Authority, Water System Revenue Bonds (Series 2006), 5.00% (AMBAC INS), 12/15/2021
|
2,526,489
|
|
|
|
TOTAL
|
9,318,211
|
|
|
|
Virginia—0.8%
|
|
|
126,000
|
|
Bell Creek CDA, VA, Special Assessment Revenue Bonds (Series 2003), 6.75%, 3/1/2022
|
127,937
|
Principal
Amount
|
|
|
Value
|
|
|
|
MUNICIPAL BONDS—
continued
|
|
|
|
|
Virginia—continued
|
|
|
$1,000,000
|
|
Peninsula Port Authority, VA, Residential Care Facility Revenue Bonds (Series 2003A), 7.375% (Virginia Baptist Homes
Obligated Group)/(United States Treasury PRF 12/1/2013@100)/(Original Issue Yield: 7.50%), 12/1/2023
|
$
1,087,890
|
|
|
|
TOTAL
|
1,215,827
|
|
|
|
Washington—0.9%
|
|
|
1,390,000
|
|
Tobacco Settlement Authority, WA, Tobacco Settlement Asset-Backed Revenue Bonds, 6.50% (Original Issue
Yield: 6.65%), 6/1/2026
|
1,446,281
|
|
|
|
Wisconsin—1.6%
|
|
|
2,000,000
|
|
Wisconsin State HEFA, Revenue Bonds, 5.75% (SynergyHealth, Inc.), 11/15/2015
|
2,080,300
|
|
715,000
|
|
Wisconsin State HEFA, Revenue Bonds, 7.125% (Community Memorial Hospital)/(Original Issue Yield: 7.25%), 1/15/2022
|
723,315
|
|
|
|
TOTAL
|
2,803,615
|
|
|
|
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $150,792,664)
|
162,648,462
|
|
|
|
SHORT-TERM MUNICIPALS—2.5%
7
|
|
|
|
|
Ohio—0.7%
|
|
|
1,250,000
|
|
Montgomery County, OH, (Series 2011B) Daily VRDNs (Miami Valley Hospital)/(JPMorgan Chase Bank, N.A. LIQ), 0.180%, 9/3/2012
|
1,250,000
|
|
|
|
Texas—1.8%
|
|
|
1,300,000
|
|
Harris County, TX Education Facilities Finance Corp., (Series 2008E) Daily VRDNs (Young Men's Christian Association of
the Greater Houston Area)/(JPMorgan Chase Bank, N.A. LOC), 0.190%, 9/3/2012
|
1,300,000
|
|
1,600,000
|
|
Harris County, TX HFDC, (Series 2007B) Daily VRDNs (Baylor College of Medicine)/(JPMorgan Chase Bank, N.A. LOC), 0.180%,
9/3/2012
|
1,600,000
|
|
|
|
TOTAL
|
2,900,000
|
|
|
|
TOTAL SHORT-TERM MUNICIPALS
(AT AMORTIZED COST)
|
4,150,000
|
|
|
|
TOTAL MUNICIPAL INVESTMENTS—100.0%
(IDENTIFIED COST $154,942,664)
8
|
166,798,462
|
|
|
|
OTHER ASSETS AND LIABILITIES—NET
9
|
(20,830,093)
|
|
|
|
LIQUIDATION VALUE OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES
|
(27,000,000)
|
|
|
|
LIQUIDATION VALUE OF AUCTION MARKET PREFERRED SHARES
|
(14,900,000)
|
|
|
|
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS
|
$
104,068,369
|
At August 31, 2012,
the Fund holds no securities that are subject to the federal alternative minimum tax (AMT).
|
1
|
Non-income producing security.
|
|
2
|
Security in default.
|
|
3
|
Zero coupon bond.
|
|
4
|
Underlying security in inverse floater trust.
|
|
5
|
Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from registration, under the Securities Act of 1933; or
(b) is subject to a contractual restriction on public sales. At August 31, 2012, this restricted security amounted to $458,580, which represented 0.3% of total market value.
|
|
6
|
Denotes a restricted security that may be resold without restriction to “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933 and that the Fund has determined to be
liquid under criteria established by the Fund's Board of Trustees (the “Trustees”). At August 31, 2012, this liquid restricted security amounted to $458,580, which represented 0.3% of total market value.
|
|
7
|
Current rate and next reset date shown for Variable Rate Demand Notes.
|
|
8
|
At
August 31, 2012, the cost of investments for federal tax purposes was $135,813,279. The net unrealized appreciation of investments for federal tax purposes was $11,810,183. This consists of net unrealized appreciation
for federal tax purposes from investments for those securities having an excess of value over cost of $13,267,395 and net unrealized depreciation from investments for those securities having an excess of cost over
value of $1,457,212.
|
|
9
|
Assets, other than investments in securities, less liabilities.
|
Note: The categories
of investments are shown as a percentage of total market value at August 31, 2012.
Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
|
■
|
Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Trustees.
|
|
■
|
Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium), which approximates market
value.
|
|
■
|
Shares of other mutual funds are valued based upon their reported NAVs.
|
|
■
|
Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
|
|
■
|
Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees.
|
|
■
|
For securities that are fair valued in accordance with procedures established by and under the general supervision of the Trustees, certain factors may be considered such as: the purchase price of the
security, information obtained by contacting the issuer, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition,
the movement of the market in which the security is normally traded and public trading in similar securities of the issuer or comparable issuers.
|
If the
Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based
on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment
determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund's NAV.
Fair Valuation and
Significant Events Procedures
The Trustees have appointed a Valuation Committee comprised of officers of the Fund, Federated Investment Management Company (“Adviser”) and the Adviser's affiliated companies to determine
fair value of securities and in overseeing the calculation of the NAV. The Trustees have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the
current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing service evaluations including periodic reviews of third-party
pricing services' policies, procedures and valuation methods (including key inputs and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges
by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in
accordance with procedures adopted by the Trustees. The Trustees periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.
Factors
considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported
transactions, indications as to values from dealers, and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid”
evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses
bid evaluations for U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative
contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees.
The
Trustees also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time
as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's
value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security
is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:
|
■
|
Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
|
|
■
|
Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting
the issuer's industry.
|
The Fund may seek to
obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another
method approved by the Trustees.
Various inputs are
used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities, including investment companies with daily net asset values, if applicable.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).
The inputs or
methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
As of August 31, 2012,
all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.
The following acronyms
are used throughout this portfolio:
|
AMBAC
|
—American Municipal Bond Assurance Corporation
|
|
CCD
|
—Community College District
|
|
CDA
|
—Community Development Authority
|
|
COL
|
—Collateralized
|
|
COPs
|
—Certificates of Participation
|
|
EDA
|
—Economic Development Authority
|
|
EDC
|
—Economic Development Corporation
|
|
FGIC
|
—Financial Guaranty Insurance Company
|
|
GO
|
—General Obligation
|
|
GTD
|
—Guaranteed
|
|
HDA
|
—Hospital Development Authority
|
|
HEFA
|
—Health and Education Facilities Authority
|
|
HFDC
|
—Health Facility Development Corporation
|
|
IDA
|
—Industrial Development Authority
|
|
IDRB
|
—Industrial Development Revenue Bond
|
|
INS
|
—Insured
|
|
LIQ
|
—Liquidity Agreement
|
|
LO
|
—Limited Obligation
|
|
LOC
|
—Letter of Credit
|
|
LT
|
—Limited Tax
|
|
PCR
|
—Pollution Control Revenue
|
|
PCRBs
|
—Pollution Control Revenue Bonds
|
|
PRF
|
—Pre-refunded
|
|
RACs
|
—Revenue Anticipation Certificates
|
|
SID
|
—Special Improvement District
|
|
TFA
|
—Transitional Finance Authority
|
|
TOBs
|
—Tender Option Bonds
|
|
UT
|
—Unlimited Tax
|
|
VRDNs
|
—Variable Rate Demand Notes
|
Item 2.
Controls
and Procedures
(a) The registrant’s Principal Executive Officer
and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule
30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required
by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing
date of this report on Form N-Q.
(b) There were no changes in the registrant’s internal
control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially
affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant
Federated Premier Intermediate Municipal
Income Fund
By
/S/ Richard A. Novak
_
Richard A. Novak
Principal Financial Officer
Date
October 23, 2012
Pursuant to the requirements of the Securities Exchange Act
of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.
By
/S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date
October 23, 2012
By
/S/ Richard A. Novak
Richard A. Novak
Principal Financial Officer
Date
October 23, 2012
Federated Premier Intermediate Municipal Income Fund Federated Premier Intermediate Municipal Income Fund (delisted) (NYSE:FPT)
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