Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends
(PITTSBURGH, Pa., 11/11/2011 08:51 AM) — Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends. The funds seek to provide investors with current dividend income that is exempt from regular federal income tax and federal alternative minimum tax (AMT). Investors can view additional portfolio information in the Products section of FederatedInvestors.com.
Record Date: Nov. 23, 2011
Ex-Dividend Date: Nov. 21, 2011
Payable Date: Dec. 1, 2011
|Tax-Free Dividends Per Share|
|Closed-End Funds||Amount||Change From Previous Month|
|FMN||Federated Premier Municipal Income Fund||$0.083||$ --|
|FPT||Federated Premier Intermediate Municipal Income Fund||$0.065||$ --|
Effective Dec. 1, 2011, the adviser and its affiliates to FMN and FPT, have agreed to voluntarily waive fees and/or reimburse expenses so that the total annual fund operating expenses paid by each FMN and FPT will not exceed 0.99%. For the fiscal year ended Nov. 30, 2010, FMN and FPT had paid total annual fund operating expenses of 0.85% and 0.89%, respectively, after fee waivers and/or expense reimbursements by the adviser and its affiliates.
While the adviser and its affiliates currently do not anticipate terminating the voluntary waivers and/or expense reimbursements that go into effect on Dec. 1, 2011, no assurance can be given that future total annual operating expenses will be more or less than 0.99%. More information about expenses associated with an investment in FMN and FPT is included in the annual and semi-annual shareholder reports.
Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $351.7 billion in assets as of September 30, 2011. With 134 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 4,800 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.