Federated Premier Municipal Income Fund’s board approved and commenced a voluntary tender offer for up to 100 percent of its outstanding auction market preferred shares. The tender offer is at a price equal to 99 percent 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 Oct. 17, 2019. 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.
Federated Investors Inc.is a global investment manager with $502.2 billion in assets under management. Its investment solutions span 130 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. 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.