PITTSBURGH,
Oct. 14,
2024 /PRNewswire/ -- Federated Hermes Premier
Municipal Income Fund (NYSE: FMN) announced today that its tender
offer for 3,679,390 of its issued and outstanding common shares,
representing approximately 32% of its outstanding common shares,
expired at 5 p.m. Eastern on
Oct. 11, 2024. The offer was
oversubscribed. Because the number of shares tendered exceeded the
number of shares the fund offered to purchase, the fund will
purchase the maximum percentage of outstanding shares it previously
announced on a pro-rata basis in accordance with the number of
shares duly tendered by tendering stockholders and the terms of the
Offer to Purchase (with appropriate adjustment to avoid purchase of
fractional common shares).
Based upon preliminary information, 4,988,295
shares were tendered. The purchase price of properly tendered
shares is 99% of the net asset value per share determined as of the
close of the regular trading session of the New York Stock Exchange
on Oct. 11, 2024, which is equal to
$12.67 per share.
Investors can view additional portfolio
information in the Products section of FederatedHermes.com/us.
Federated Hermes, Inc. (NYSE: FHI) is a global
leader in active, responsible investment management, with
$782.7 billion in assets under
management, as of June 30, 2024. We
deliver investment solutions that help investors target a broad
range of outcomes and provide equity, fixed-income,
alternative/private markets, multi-asset and liquidity management
strategies to more than 10,000 institutions and intermediaries
worldwide. Our clients include corporations, government entities,
insurance companies, foundations and endowments, banks and
broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
###
View original
content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-announces-tender-offer-expiration-302275125.html
SOURCE Federated Hermes, Inc.