PITTSBURGH, Oct. 15,
2024 /PRNewswire/ -- Federated Hermes Premier
Municipal Income Fund (NYSE: FMN) announced today that in
accordance with the terms of its tender offer, since the tender
offer was oversubscribed, it will purchase 32% of its issued and
outstanding common shares on a pro rata basis, with appropriate
adjustment to avoid purchase of fractional shares (the "proration
factor"). The purchase price is $12.67 per common share, which is 99% of the net
asset value per common share determined as of the close of the
regular trading session of the New York Stock Exchange on
Oct. 11, 2024.
A total of 4,988,295 common shares were properly tendered and
not withdrawn by Oct. 11, 2024, the
final date for withdrawals, and the fund accepted for payment
3,679,390 common shares. The proration factor is 0.7376799. The
fund will purchase the common shares that it has accepted for
payment as promptly as practicable.
Investors can view additional portfolio information in the
Products section of FederatedHermes.com/us .
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active,
responsible investment management, with $782.7 billion in assets under management, as of
June 30, 2024. We deliver investment
solutions that help investors target a broad range of outcomes and
provide equity, fixed-income, alternative/private markets,
multi-asset and liquidity management strategies to more than 10,000
institutions and intermediaries worldwide. Our clients include
corporations, government entities, insurance companies, foundations
and endowments, banks and broker/dealers. Headquartered in
Pittsburgh, Federated Hermes has
more than 2,000 employees in London, New
York, Boston and offices
worldwide. For more information, visit
FederatedHermes.com/us .
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SOURCE Federated Hermes, Inc.
