Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends PITTSBURGH, Nov. 12 /PRNewswire-FirstCall/ -- 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: November 23, 2004 Ex-Dividend Date: November 19, 2004 Payable Date: December 1, 2004 Tax-Free Dividends Per Share Change From Closed-End Funds Amount Previous Month FMN Federated Premier Municipal Income Fund $0.08375 $-- FPT Federated Premier Intermediate Municipal Income Fund $0.06500 $-- Investors can view additional portfolio information in the "Products" section of http://www.federatedinvestors.com/ . Federated Investors, Inc. is one of the largest investment managers in the United States, managing approximately $178 billion in assets as of September 30, 2004. With more than 135 mutual funds, various separately managed accounts and closed-end funds, Federated provides comprehensive investment management to 5,800 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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