PITTSBURGH, July 10, 2017 /PRNewswire/ -- Federated
Premier Municipal Income Fund (NYSE: FMN) and Federated Premier
Intermediate Municipal Income Fund (NYSE: FPT) 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:
|
July 21,
2017
|
|
|
|
Ex-Dividend
Date:
|
July 19,
2017
|
|
|
|
Payable
Date:
|
Aug. 1,
2017
|
|
|
|
|
|
Tax-Free Dividends
Per Share
|
|
Closed-End
Funds
|
Amount
|
|
Change From
Previous Month
|
FMN
|
Federated Premier
Municipal Income Fund
|
$
0.0610
|
|
$ --
|
FPT
|
Federated Premier
Intermediate Municipal Income Fund
|
$
0.0450
|
|
$ --
|
Investors can view additional portfolio information in the
Products section of FederatedInvestors.com.
The funds' investment advisor, Federated Investment Management
Company, recommended to the Boards of Trustees for FPT and FMN, and
the Boards approved, FPT reorganizing into FMN. The
reorganization, if approved by fund shareholders, is currently
expected to be completed by the end of November 2017. In
addition, the advisor for FPT recommended, and its Board of
Trustees approved, FPT conducting a tender offer for up to 20
percent of its outstanding common shares at a price equal to 98
percent of net asset value per share at the close of trading on the
date the tender offer expires.
Federated Investors, Inc. (NYSE: FII) is one of the largest
investment managers in the United
States, managing $361.7
billion in assets as of March
31, 2017. With 123 funds, as well as a variety of
separately managed account options, Federated provides
comprehensive investment management worldwide to more than 8,400
institutions and intermediaries including corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit
FederatedInvestors.com.
###
This press release is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of FPT or FMN. FPT has
not commenced the tender offer mentioned in this press release. Any
tender offer would be made only by an offer to purchase, a related
letter of transmittal and other documents that would be filed with
the Securities and Exchange Commission (the SEC) as exhibits to a
tender offer statement on Schedule TO and would be available free
of charge at the SEC's website at www.sec.gov.
This press release mentions a reorganization, which, if approved
by shareholders, would be conducted pursuant to an agreement and
plan of reorganization that will be included in a registration
statement, to be filed by FMN (Registration Statement). This
Registration Statement has yet to be filed with the SEC. After the
Registration Statement is filed with the SEC, it may be amended or
withdrawn until the Registration Statement is declared effective by
the SEC. A joint proxy statement/prospectus to be included in the
Registration Statement will not be distributed to shareholders of
FPT and FMN unless and until the Registration Statement is declared
effective by the SEC. The joint proxy statement/prospectus will
contain information with respect to the investment objectives,
risks, charges and expenses of the funds and other important
information about FPT and FMN. The joint proxy statement/prospectus
will constitute neither an offer to sell securities, nor will it
constitute a solicitation of an offer to buy securities, in any
state where such offer or sale is not permitted.
Shareholders should read (i) any offer to purchase and tender
offer statement on Schedule TO and related exhibits and (ii) any
Registration Statement and joint proxy statement/prospectus if and
when those documents are filed and become available, as they would
contain important information about the tender offer and proposed
reorganization, respectively. Investors should consider the
investment objectives, risks, charges and expenses of FPT and FMN
carefully.
Certain statements made in this press release, such as those
related to the tender offer and reorganization, are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are
not limited to: market developments; legal and regulatory
developments; and other additional risks and uncertainties.
As a result, none of the investment advisor, the fund or any other
person assumes responsibility for the accuracy and completeness of
such statements in the future.
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content:http://www.prnewswire.com/news-releases/federated-investors-closed-end-municipal-funds-declare-monthly-dividends-300485114.html
SOURCE Federated Investors, Inc.