PITTSBURGH, Sept. 18, 2019 /PRNewswire/ -- Federated Premier
Municipal Income Fund (NYSE: FMN) today announced that its Board of
Trustees has approved and it has commenced a voluntary tender offer
for up to 100% of its outstanding auction market preferred shares
(AMPS). The tender offer is at a price equal to 99% of the
AMPS' per share liquidation preference of $25,000 ($24,750
per share) plus any unpaid dividends accrued through the expiration
date of the tender offer. The tender offer will expire on
October 17, 2019, at 5 p.m. Eastern time. Additional terms and
conditions of the tender offer are set forth in the fund's tender
offer materials, which are being distributed to AMPS holders.
Any questions about the tender offer can be directed to the
fund's information agent Deutsche Bank Trust Company Americas at
toll free 877-843-9767.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the fund. Any
tender offer will be made only by an offer to purchase, a related
letter of transmittal and other documents, which have been filed
with the Securities and Exchange Commission (SEC) as exhibits to a
tender offer statement on Schedule TO and are available free of
charge on the SEC's website at www.sec.gov. AMPS holders should
read the offer to purchase and tender offer statement on Schedule
TO and related exhibits as the documents contain important
information about the fund's tender offer. The fund will also make
available, without charge, the offer to purchase and the letter of
transmittal.
Federated Investors, Inc. (NYSE: FII) is a leading global
investment manager with $502.2
billion in assets under management as of June 30, 2019. Our investment solutions
span 130 equity, fixed-income, alternative/private markets,
multi-asset and liquidity management strategies and a range of
separately managed account strategies. Providing comprehensive
investment management to more than 10,000 institutions and
intermediaries, our clients include corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. Headquartered in Pittsburgh, Federated's more than 1,900
employees include those in New
York, Boston, London and several other offices worldwide. In
2018, Federated acquired a majority interest in Hermes Investment
Management, which provides world-class active management and
stewardship services. For more information, visit
FederatedInvestors.com.
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Certain statements made in this press release are
forward-looking statements. Actual future results or occurrences
may differ significantly from those anticipated in any
forward-looking statements due to numerous factors. These
include, but are not limited to: market developments; legal and
regulatory developments; and other additional risks and
uncertainties. As a result, neither the company, the fund nor
any other person assumes responsibility for the accuracy and
completeness of such statements in the future.
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SOURCE Federated Investors, Inc.