FMN Research | Milton Maxwell

FMN

Federated Hermes Premier Municipal Income Fund

11.07

-0.04-0.36%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

86.55M

P/E (TTM)

Basic EPS (TTM)

-0.04

Dividend Yield

0.04%

Recent Filings

8-K

Fund's April NAV rises 0.90%

5/14/03May 14, 2003

Federated Premier Municipal Income Fund disclosed its April 2003 performance under Regulation FD, with NAV climbing 0.90% to $14.54 and market price surging 4.91% to $14.75, yielding a 5.52% total return on market price including the 8.375-cent dividend. The fund shifted from a 2.43% discount to a 1.44% premium amid falling municipal yields, boosting holdings in healthcare, education, and insured sectors that comprise over 75% of its $142.5 million portfolio. Leverage via $53.7 million preferred shares amplifies returns but heightens volatility for common shareholders.

8-K

Fund's March NAV dips 0.9%

4/10/03Apr 10, 2003

Federated Premier Municipal Income Fund disclosed its March 2003 performance under Regulation FD, revealing a 0.9% NAV drop to $14.41 amid Iraq war volatility, with total return at -0.32% including the 8.375-cent dividend. Market price fell 3.4% to $14.06, widening the discount to 2.43% from a slight premium. Managers trimmed tobacco bonds after litigation hits but added BBB-rated hospital and industrial securities to chase yield. Leverage via $53.7 million preferred shares boosts dividends yet amplifies volatility for common holders.

8-K

Tobacco bonds at 3.9%

4/2/03Apr 2, 2003

Federated Premier Municipal Income Fund disclosed on April 2, 2003, that its holdings in municipal tobacco securitization bonds stood at 3.9% of the fund's market value as of March 31, 2003. This allocation remains modest compared to dominant sectors like AAA insured bonds at 48.9%, hospitals at 18.5%, lifecare at 7.1%, and general obligation-state bonds at 5.9%. Tobacco exposure is limited.

8-K

Fund issues rated preferred shares

3/21/03Mar 21, 2003

Federated Premier Municipal Income Fund issued $53.675 million in auction market preferred shares on February 18, 2003, earning top ratings from Moody's and Fitch to leverage its $142.5 million municipal bond portfolio. As of March 18, NAV climbed 1.32% to $14.53 since inception, while market price dipped to a 0.83% discount yielding 6.97%. Leverage amplifies volatility for common shares. Managers plan to boost non-investment-grade holdings.

8-K

Fund's March portfolio update

3/18/03Mar 18, 2003

Federated Premier Municipal Income Fund disclosed its portfolio snapshot as of March 14, 2003, holding 76 tax-exempt securities with a duration of 7.94 years. Credit quality tilted toward investment-grade, with AAA at 48.5% versus a 40-50% target, while the fund ramps up lower-rated holdings to match registration guidelines. Sector-wise, insured bonds dominated at 48.5%, followed by hospital at 18.3%. This shift boosts yield potential, yet heightens credit risk.

About

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors. It benchmarks the performance of its portfolio against S&P Municipal Bond Index. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.

CEO

Mr. John Christopher Donahue

IPO

12/20/2002

Website

https://www.federatedinvestors.com/FII/closedendfunds/details/overview.do?basketid=10461

Sector

Financial Services

Industry

Asset Management