PITTSBURGH, Nov. 9, 2017 /PRNewswire/ -- Federated Premier
Municipal Income Fund (NYSE: FMN) and Federated Premier
Intermediate Municipal Income Fund (NYSE: FPT) have declared
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).
The Boards of Trustees of FPT and FMN, upon the recommendation
of the funds' investment advisor, Federated Investment Management
Company, previously approved the reorganization of FPT with and
into FMN. If approved by shareholders at the joint annual meeting
of shareholders on Nov. 14, 2017, the
reorganization is expected to occur on Nov.
17, 2017 ("reorganization date") and the dividend announced
today may be the last dividend paid by FPT. Due to the shareholder
meeting and the anticipated approval of the proposed
reorganization, the funds have set record dates and, with respect
to FPT, a payable date that is earlier than in prior months.
If the reorganization is approved by shareholders, FPT may make
an additional distribution of undistributed ordinary income and/or
undistributed capital gain net income earned and anticipated to be
earned through close of business on the reorganization date if
required for tax reasons. The timing and amount of this and any
other distributions, if any, are at the discretion of FPT.
FPT Record
Date:
|
Nov. 17,
2017
|
|
|
|
FPT Ex-Dividend
Date:
|
Nov. 16,
2017
|
|
|
|
FPT Payable
Date:
|
Nov. 20,
2017
|
|
|
|
|
|
|
|
|
FMN Record
Date:
|
Nov. 17,
2017
|
|
|
|
FMN Ex-Dividend
Date:
|
Nov. 16,
2017
|
|
|
|
FMN Payable
Date:
|
Dec. 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
|
$
0.0843
|
|
$
0.0393
|
Investors who purchase common shares of FMN after November 15, 2017 or obtain FMN common shares in
the reorganization will not be entitled to the dividend FMN
declared today and will not be eligible to receive a dividend on
their FMN shares until FMN declares a dividend after the closing of
the reorganization.
Investors can view additional portfolio information in the
Products section of FederatedInvestors.com.
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.
###
This press release mentions a reorganization, which, if approved
by shareholders, would be conducted pursuant to an agreement and
plan of reorganization that is included in a registration statement
that has been filed by FMN (the Registration Statement) with and
declared effective by the SEC. The joint proxy statement/prospectus
included in the Registration Statement has been declared effective
by the SEC. The final joint proxy statement/prospectus contains
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 constitutes
neither an offer to sell securities, nor a solicitation of an offer
to buy securities, in any state where such offer or sale is not
permitted.
Shareholders should read the Registration Statement and joint
proxy statement/prospectus as they contain important information
about the proposed reorganization. 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 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-dividends-300553309.html
SOURCE Federated Investors, Inc.