Federated Hermes declares dividend, appoints new trustee

PITTSBURGH – Federated Hermes (NYSE:) Premier Municipal Income Fund (NYSE: FMN) announced a dividend distribution and the appointment of a new member to its Board of Trustees. The dividend, stated at $0.035 per share, is scheduled for investors on record as of January 23, with the ex-dividend date set for January 22 and payment to be made on February 1.

The fund, which focuses on providing tax-exempt dividend income, maintains its dividend level from the previous month. This income is also not subject to the federal alternative minimum tax (AMT), offering a potentially attractive option for investors seeking tax-efficient income streams.

In a strategic move, the fund has welcomed John Carson to its Board of Trustees, effective January 1. Carson steps into the role following the retirement of John Collins. With a robust background in the financial sector, Carson currently holds the position of CEO at NorthStar Asset Management Company. His experience includes tenures at Glenmede Trust Company, Oppenheimer & Company, and over a decade with Bank of America/Merrill Lynch in directorial capacities.

As of September 30, 2023, Federated Hermes oversees approximately $715.0 billion in assets under management.

The information in this article is based on a press release statement.

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