PITTSBURGH, Sept. 11, 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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Sept. 22, 2017
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Ex-Dividend Date:
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Sept. 21, 2017
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Payable Date:
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Oct. 2, 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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FPT
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Federated Premier Intermediate Municipal
Income Fund
|
$ 0.0450
|
|
$ --
|
Investors can view additional portfolio information in the Products section of FederatedInvestors.com.
The Boards of Trustees for FPT and FMN, upon the recommendation of the Funds' investment adviser, Federated Investment
Management Company, have approved FPT reorganizing with and into FMN in what is expected to be a tax-free transaction.
Implementing the reorganization also requires the approval of FPT's and FMN's shareholders and, if so approved, is currently
anticipated to occur during the fourth quarter of 2017.
Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United
States, managing $360.4 billion in assets as of June 30,
2017. With 122 funds, as well as a variety of separately managed account options, Federated provides comprehensive
investment management worldwide to more than 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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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 the SEC. The Registration Statement may be amended or withdrawn until the Registration Statement is declared effective by
the SEC. The joint proxy statement/prospectus 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 final 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 the Registration Statement and joint proxy statement/prospectus if and when those documents become
effective and available as they will 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.
View original content:http://www.prnewswire.com/news-releases/federated-investors-closed-end-municipal-funds-declare-monthly-dividends-300516963.html
SOURCE Federated Investors, Inc.