PITTSBURGH, Dec. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

The dividend increase is the result of higher portfolio income resulting from a reduction in the portfolio weight of mid- and high-quality securities and a corresponding increase in higher yielding BBB and lower rated securities. Investors can view additional portfolio information in the Products section of FederatedHermes.com/us .

Effective Dec. 31, 2024, Maureen Lally-Green and P. Jerome Richey will retire as Independent Trustees of the fund. Effective Jan. 1, 2025, Karen L. Larrimer, Max F. Miller and Frank J. Nasta will join the Board of Trustees of the fund as independent trustees.

Karen L. Larrimer has served in several business and financial management roles and directorship positions throughout her career, and most recently was Head of Retail Banking and Chief Customer Officer at The PNC Financial Services Group, Inc. She currently sits on the boards of Highmark Inc, Modern Executive Solutions, Children's Museum of Pittsburgh, United Way of Southwestern Pennsylvania and Goodwill Industries Pittsburgh. Larrimer earned her bachelor's degree from Point Park University and completed the Carnegie Mellon University Center for Executive Education Leadership Program.

Max F. Miller has served in several legal, business and academic roles and directorship positions throughout his career and is currently Associate Professor, Director of Entrepreneurial Studies and Director of Ignite Business Incubator at Washington & Jefferson College. He is also President and Chief Tasting Officer of Raise Your Spirits. Miller was an attorney for Federated Investors, Inc. (now Federated Hermes, Inc.) from May 1994 to November 1997. He earned his bachelor's degree from the University of Pennsylvania, his J.D. from the University of Pittsburgh and his MBA from Northwestern University.

Frank J. Nasta has served in various legal, compliance and business roles in the investment management industry throughout his career and most recently was a Managing Director of JPMorgan Chase & Co. and Head of Legal for the JPMorgan U.S. Mutual Funds business. Nasta earned his bachelor's degree from Stony Brook University, his J.D. from Hofstra University and his Master of Laws from New York University.