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Federated Hermes Premier Municipal Income Fund Declares Dividend

Federated Hermes, a prominent player in active investment management, has officially declared a dividend for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN). This fund is particularly appealing to investors looking for current income that is exempt from federal income tax, including the alternative minimum tax (AMT).

Details of the Dividend

According to the announcement made on January 12, 2026, the tax-free dividend is set at $0.0450 per share. Here are the critical dates to note:

• - Record Date: January 23, 2026
• - Ex-Dividend Date: January 23, 2026
• - Payable Date: February 2, 2026

It’s significant to point out that this amount remains unchanged compared to the previous month’s dividend, showcasing the fund's consistent performance.

Upcoming Changes in Management

In alignment with the retirement of Lee Cunningham II, the senior portfolio manager for the fund on April 1, 2026, Federated Hermes is making notable changes to its management team. Two new portfolio managers will join the existing team on February 27, 2026. R.J. Gallo, who serves as the Deputy Chief Investment Officer for Global Fixed Income, will continue his role.

Adding to the team will be:

• - Ann Ferentino, CFA - She is a senior portfolio manager and co-head of the Municipal Bond Group, bringing with her a wealth of experience from her 31 years with Federated Hermes, with 28 of those dedicated to investment.
• - Derek Plaski, CFA - Serving as an associate portfolio manager and senior investment analyst, he has spent nine years in the investment field, of which seven have been at Federated Hermes.

Both new additions are expected to enhance the fund's growth and adapt to the ever-changing landscape of municipal finance.

About Federated Hermes

Federated Hermes, Inc., traded under NYSE FHI, stands as a global leader in active investment management, boasting $871.2 billion in assets as of September 30, 2025. The firm offers a broad array of investment solutions tailored to meet the needs of various institutions and intermediaries around the globe. With offices in strategic locations like London, New York, and Boston, and employing over 2,000 talented individuals, Federated Hermes is dedicated to helping clients navigate through diverse investment landscapes including equity, fixed income, alternative/private markets, and multi-asset strategies.

For detailed information about its products and portfolio, investors can visit FederatedHermes.com/us.

In conclusion, the Federated Hermes Premier Municipal Income Fund’s recent dividend declaration reinforces the firm’s commitment to providing tax-advantaged income options to its investors while simultaneously preparing for future management transitions. The focus on experienced portfolio management aims to sustain the fund's performance and meet the financial needs of its stakeholders.