Federated Hermes Declares Tax-Free Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Source: PRnewswire
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of April 23, 2026, and a payable date of May 1, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing its investment appeal.
- Tax Exemption Benefits: The fund's income is exempt not only from regular federal income tax but also from the federal alternative minimum tax (AMT), which holds significant strategic importance in tax planning and attracts high-net-worth investors.
- Leverage Reduction: On April 2, 2026, the fund redeemed 200 Variable Municipal Term Preferred Shares (VMTPS), effectively reducing its outstanding leverage, which enhances financial stability and lowers risk exposure.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, demonstrating its leadership position in global active investment management and further solidifying its competitive edge in the market.
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About FMN
Federated Hermes Premier Municipal Income Fund (the Fund) is a 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 (AMT). The Fund normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment grade tax-exempt securities. The Fund may invest up to 20% of its total assets in tax-exempt securities of below investment grade quality (but not lower than B, including modifiers, sub-categories or gradations). The Fund invests in various sectors, including hospital, tobacco, toll road, senior care, airport, water and sewer, and other utility. The Fund’s investment advisor is Federated Investment Management Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Federated Hermes Releases Fund Data for May 2026
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of May 31, 2026, enhancing transparency and client trust by making this information readily available on their website.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership position in the global active investment management sector and further solidifying its market share.
- Diverse Client Base: The company provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, demonstrating its strong capability in serving a diversified clientele.
- Global Employee Network: With over 2,000 employees across offices in London, New York, and Boston, Federated Hermes showcases its strategic global operations and commitment to providing comprehensive investment management services worldwide.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of June 23, 2026, and a payable date of July 1, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it particularly attractive to high-tax-rate investors, which could lead to increased inflows.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership in the global investment management sector and its ability to offer diverse investment solutions to over 11,000 institutions and intermediaries.
- Global Presence: With over 2,000 employees and offices in London, New York, and Boston, Federated Hermes demonstrates significant international reach and service capability, enhancing its brand value and competitive position in the market.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of June 23, 2026, and a payable date of July 1, 2026, ensuring investors receive stable tax-advantaged income.
- Tax Exemption Benefits: The fund's income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), providing investors with a more attractive investment option, particularly in tax planning.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, demonstrating its leadership in the global investment management sector and ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, indicating its extensive influence and trust in the global market.
See More
Federated Hermes Releases Fund Data
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of April 30, 2026, which can be accessed via their website, enhancing transparency and client trust.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership in active investment management and further solidifying its market share.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries globally, including corporations, government entities, and insurance companies, indicating its service diversity and market influence.
- Global Employee Network: With over 2,000 employees across offices in London, New York, and Boston, Federated Hermes enhances its global operational capacity and market responsiveness.
See More
Federated Hermes Releases Fund Data
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of April 30, 2026, enhancing investor transparency and trust in its offerings.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership position and strong market demand in the global active investment management sector.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, highlighting its influence and market penetration across a diverse clientele.
- Global Employee Network: With more than 2,000 employees across offices in Pittsburgh, London, New York, and Boston, Federated Hermes demonstrates its extensive reach and resource integration capabilities in the global investment management industry.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of May 22, 2026, and a payable date of June 1, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing its investment appeal.
- Tax Benefits: The fund's income is exempt not only from regular federal income tax but also from the federal alternative minimum tax (AMT), making it an ideal choice for investors seeking tax optimization, thereby increasing its market competitiveness.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, demonstrating its leadership in the global investment management sector and attracting trust from over 11,000 institutions and intermediaries.
- Global Business Presence: With offices in London, New York, and Boston, and over 2,000 employees worldwide, Federated Hermes showcases its capability to provide diverse investment solutions globally, further solidifying its market position.
See More
Federated Hermes Releases Fund Data for May 2026
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of May 31, 2026, enhancing transparency and client trust by making this information readily available on their website.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership position in the global active investment management sector and further solidifying its market share.
- Diverse Client Base: The company provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, demonstrating its strong capability in serving a diversified clientele.
- Global Employee Network: With over 2,000 employees across offices in London, New York, and Boston, Federated Hermes showcases its strategic global operations and commitment to providing comprehensive investment management services worldwide.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of June 23, 2026, and a payable date of July 1, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it particularly attractive to high-tax-rate investors, which could lead to increased inflows.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership in the global investment management sector and its ability to offer diverse investment solutions to over 11,000 institutions and intermediaries.
- Global Presence: With over 2,000 employees and offices in London, New York, and Boston, Federated Hermes demonstrates significant international reach and service capability, enhancing its brand value and competitive position in the market.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of June 23, 2026, and a payable date of July 1, 2026, ensuring investors receive stable tax-advantaged income.
- Tax Exemption Benefits: The fund's income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), providing investors with a more attractive investment option, particularly in tax planning.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, demonstrating its leadership in the global investment management sector and ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, indicating its extensive influence and trust in the global market.
See More
Federated Hermes Releases Fund Data
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of April 30, 2026, which can be accessed via their website, enhancing transparency and client trust.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership in active investment management and further solidifying its market share.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries globally, including corporations, government entities, and insurance companies, indicating its service diversity and market influence.
- Global Employee Network: With over 2,000 employees across offices in London, New York, and Boston, Federated Hermes enhances its global operational capacity and market responsiveness.
See More
Federated Hermes Releases Fund Data
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of April 30, 2026, enhancing investor transparency and trust in its offerings.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, underscoring its leadership position and strong market demand in the global active investment management sector.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, highlighting its influence and market penetration across a diverse clientele.
- Global Employee Network: With more than 2,000 employees across offices in Pittsburgh, London, New York, and Boston, Federated Hermes demonstrates its extensive reach and resource integration capabilities in the global investment management industry.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of May 22, 2026, and a payable date of June 1, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing its investment appeal.
- Tax Benefits: The fund's income is exempt not only from regular federal income tax but also from the federal alternative minimum tax (AMT), making it an ideal choice for investors seeking tax optimization, thereby increasing its market competitiveness.
- Asset Management Scale: As of March 31, 2026, Federated Hermes manages $907.1 billion in assets, demonstrating its leadership in the global investment management sector and attracting trust from over 11,000 institutions and intermediaries.
- Global Business Presence: With offices in London, New York, and Boston, and over 2,000 employees worldwide, Federated Hermes showcases its capability to provide diverse investment solutions globally, further solidifying its market position.
See More
