PITTSBURGH, Nov. 14, 2017 /PRNewswire/ -- Federated
Investment Management Company, the investment advisor to Federated
Premier Municipal Income Fund (NYSE: FMN) and Federated Premier
Intermediate Municipal Income Fund (NYSE: FPT), announced today
that at the funds' joint annual meeting of shareholders, the
reorganization of FPT with and into FMN, the issuance of additional
FMN common shares in connection with the reorganization and the
election of trustees were approved.
The reorganization is currently expected to take place
Nov. 17, 2017 after the close of
trading on the New York Stock Exchange (NYSE), subject to the
satisfaction of certain customary closing conditions. The
last day of trading for FPT common shares is currently expected to
be Nov. 17, 2017, and FMN common
shares issued in connection with the reorganization are expected to
start trading as of the open of market on Nov. 20, 2017.
The foregoing does not constitute an offering of any securities
for sale. The combined prospectus/proxy statement relating to the
reorganization contains important information about the
reorganization and free copies may be obtained by calling the funds
at 1-800-341-7400 or at the Securities and Exchange Commission's
(SEC) website, www.sec.gov.
Federated Investors, Inc. (NYSE: FII) is one of the largest
investment managers in the United
States, managing $363.7
billion in assets as of Sept.
30, 2017. With 119 funds, as well as a variety of
separately managed account options, Federated provides
comprehensive investment management worldwide to approximately
8,500 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. For more information,
visit FederatedInvestors.com.
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Certain statements made in this press release, such as those
related to the 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-investment-management-company-announces-shareholder-approval-of-reorganization-of-federated-premier-intermediate-municipal-income-fund-with-and-into-federated-premier-municipal-income-fund-300555891.html
SOURCE Federated Investors, Inc.