Bank of America Corp. (NYSE:BAC), through its subsidiaries Merrill Lynch, Pierce, Fenner & Smith Inc. and BofA Securities, Inc., recently disclosed a series of stock transactions involving Federated Hermes (NYSE:FHI) Premier Municipal Income Fund (NYSE:FMN).
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Federated Hermes Premier Municipal Income Fund
Country
US
Industry
Financials
Market Cap
Micro Cap
Num. Employees
0
IPO Date
Dec 20, 2002
Country
US
Industry
Financials
Federated Hermes Premier Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Warrendale, Pennsylvania. The company went IPO on 2002-12-20. Federated Hermes Premier Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The investment objective of the Fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). The Fund normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment grade tax-exempt securities. The Fund may invest up to 20% of its total assets in tax-exempt securities of below investment grade quality (but not lower than B, including modifiers, sub-categories or gradations). The Fund invests in various sectors, including hospital, tobacco, toll road, senior care, airport, water and sewer, and other utility. The Fund’s investment advisor is Federated Investment Management Company.
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