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:
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July 21, 2017
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Ex-Dividend Date:
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July 19, 2017
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Payable Date:
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Aug. 1, 2017
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Tax-Free Dividends Per Share
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Closed-End Funds
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Amount
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Change From
Previous Month
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FMN
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Federated Premier Municipal Income Fund
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$ 0.0610
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$ --
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FPT
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Federated Premier Intermediate Municipal Income Fund
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$ 0.0450
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$ --
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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.
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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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SOURCE Federated Investors, Inc.