Federated Hermes Premier Municipal Income Fund
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About
Federated Hermes Premier Municipal Income Fund is a closed-end municipal bond fund managed by Federated Hermes, Inc. The fund invests primarily in investment-grade municipal bonds issued by state and local governments and their agencies across the United States. The fund's investment objective is to provide current income exempt from federal regular income tax while preserving capital. FMN may employ leverage to enhance returns, borrowing at short-term rates to invest in longer-duration municipal securities. The fund's portfolio is diversified across states, sectors, and credit qualities within the municipal bond market. Distributions from the fund are generally exempt from federal income tax but may be subject to state and local taxes.