Federated Hermes Premier Municipal Income Fund. Stock Analysis FMN

Federated Hermes Premier Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Warrendale, Pennsylvania. The company went IPO on 2002-12-20. Federated Hermes Premier Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax. The company normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment-grade tax-exempt securities. The company may invest up to 20% of its total assets in tax-exempt securities of below investment-grade quality (but not lower than B, including modifiers, sub-categories or gradations). The company maintains a dollar-weighted average stated portfolio maturity of ten to thirty years and a dollar-weighted average duration of thirteen years or less. Under normal circumstances, it invests its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax. Its investment adviser is Federated Investment Management Company.