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
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of March 30, 2026, available on their website, enhancing transparency and client trust.
- Asset Management Scale: As of December 31, 2025, Federated Hermes managed assets totaling $902.6 billion, underscoring its leadership in active investment management and attracting more institutional investor interest.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, indicating its strong influence in a diversified market.
- Global Employee Network: With over 2,000 employees across multiple offices worldwide, Federated Hermes ensures efficient service and support for clients, further solidifying its market position.
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 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.
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 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), providing significant advantages in tax planning and attracting high-net-worth investors.
- Redemption of Preferred Shares: On April 2, 2026, the fund redeemed 200 Variable Municipal Term Preferred Shares (VMTPS), reducing its outstanding leverage, which further optimizes its capital structure and lowers financial risk.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, demonstrating its leadership in global active investment management and attracting over 11,000 institutional clients.
See More
Federated Hermes Releases Fund Data for February 2026
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of February 28, 2026, enhancing investor transparency and trust in its offerings.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, showcasing its strong capabilities and market position in active investment management.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, and banks, highlighting its competitive advantage in a diversified client base.
- Global Employee Network: With over 2,000 employees across offices in Pittsburgh, London, New York, and Boston, Federated Hermes ensures efficient service and support for its clients, further solidifying its market leadership.
See More
Federated Hermes Releases Fund Data for February 2026
- Fund Performance Update: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of February 28, 2026, reflecting its ongoing investment strategy in the municipal income sector.
- Asset Management Scale: As of December 31, 2025, Federated Hermes managed a total of $902.6 billion in assets, underscoring its leadership position in the global active investment management industry.
- Diverse Client Base: The company provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, insurance companies, foundations, and banks, highlighting its strong influence across a diversified client spectrum.
- Global Employee Network: Federated Hermes operates multiple offices worldwide, including in London, New York, and Boston, with a workforce exceeding 2,000 employees, demonstrating its capability for global operations and flexible resource allocation.
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 March 23, 2026, and a payable date of April 1, 2026, aimed at providing investors with current dividend income exempt from federal income tax, thereby 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), making it particularly attractive to high-tax-rate investors, which could drive inflows and improve the fund's market performance.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, showcasing its leadership in active investment management and ability to provide diverse investment solutions to 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's international presence enhances its ability to attract more clients and improve service capabilities across the globe.
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 March 30, 2026, available on their website, enhancing transparency and client trust.
- Asset Management Scale: As of December 31, 2025, Federated Hermes managed assets totaling $902.6 billion, underscoring its leadership in active investment management and attracting more institutional investor interest.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, indicating its strong influence in a diversified market.
- Global Employee Network: With over 2,000 employees across multiple offices worldwide, Federated Hermes ensures efficient service and support for clients, further solidifying its market position.
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 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.
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 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), providing significant advantages in tax planning and attracting high-net-worth investors.
- Redemption of Preferred Shares: On April 2, 2026, the fund redeemed 200 Variable Municipal Term Preferred Shares (VMTPS), reducing its outstanding leverage, which further optimizes its capital structure and lowers financial risk.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, demonstrating its leadership in global active investment management and attracting over 11,000 institutional clients.
See More
Federated Hermes Releases Fund Data for February 2026
- Fund Performance Data Released: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of February 28, 2026, enhancing investor transparency and trust in its offerings.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, showcasing its strong capabilities and market position in active investment management.
- Diverse Client Base: The firm provides investment solutions to over 11,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, and banks, highlighting its competitive advantage in a diversified client base.
- Global Employee Network: With over 2,000 employees across offices in Pittsburgh, London, New York, and Boston, Federated Hermes ensures efficient service and support for its clients, further solidifying its market leadership.
See More
Federated Hermes Releases Fund Data for February 2026
- Fund Performance Update: Federated Hermes announced the monthly fund composition and performance data for the Premier Municipal Income Fund as of February 28, 2026, reflecting its ongoing investment strategy in the municipal income sector.
- Asset Management Scale: As of December 31, 2025, Federated Hermes managed a total of $902.6 billion in assets, underscoring its leadership position in the global active investment management industry.
- Diverse Client Base: The company provides investment solutions to over 11,000 institutions and intermediaries, including corporations, government entities, insurance companies, foundations, and banks, highlighting its strong influence across a diversified client spectrum.
- Global Employee Network: Federated Hermes operates multiple offices worldwide, including in London, New York, and Boston, with a workforce exceeding 2,000 employees, demonstrating its capability for global operations and flexible resource allocation.
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 March 23, 2026, and a payable date of April 1, 2026, aimed at providing investors with current dividend income exempt from federal income tax, thereby 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), making it particularly attractive to high-tax-rate investors, which could drive inflows and improve the fund's market performance.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, showcasing its leadership in active investment management and ability to provide diverse investment solutions to 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's international presence enhances its ability to attract more clients and improve service capabilities across the globe.
See More
