Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends PITTSBURGH, Nov. 10 /PRNewswire-FirstCall/ -- Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund have declared their monthly dividends. The Funds seek to provide investors with current dividend income that is exempt from regular Federal income tax. In addition, these funds feature income exempt from the Federal Alternative Minimum Tax (AMT). Record Date: November 21, 2003 Ex-Dividend Date: November 19, 2003 Payable Date: December 1, 2003 Tax-Free Dividends Per Share Closed-End Funds Amount Change From Previous Month FMN Federated Premier Municipal Income Fund $0.08375 $-- FPT Federated Premier Intermediate Municipal Income Fund $0.06500 $-- Federated Investors, Inc. is one of the largest investment managers in the United States, managing $194 billion in over 135 mutual funds and various separately managed accounts as of September 30, 2003. Federated provides comprehensive investment management to 5,900 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit http://www.federatedinvestors.com/ . DATASOURCE: Federated Investors CONTACT: Anne Cumberledge of Federated Investors, +1-412-288-7538, or Web site: http://www.federatedinvestors.com/

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