FMN.NYSEFederated Hermes Premier Municipal Income Fund

Form 4: Federated Hermes Premier Municipal Income Fund: Officer Thomas R. Donahue Sells Shares in Tender Offer

Sentiment:

SEC Form 4

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Thomas R. Donahue, Treasurer/Trustee of Federated Hermes Premier Municipal Income Fund, sold 1,068 common shares at $12.67 per share as part of the Fund's tender offer.

Summary

  • On October 15, 2024, Thomas R. Donahue, Treasurer/Trustee of Federated Hermes Premier Municipal Income Fund, sold 1,068 common shares of the fund.
  • The sale was executed at a price of $12.67 per share.
  • The transaction was part of the Fund's tender offer, where the Fund accepted shares for payment.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document reports a routine transaction related to a tender offer. No clear positive or negative implications are apparent.

Industry Context

This transaction reflects an insider's participation in a tender offer, which is a common mechanism for funds to manage their capital structure. It's important to monitor insider transactions in the context of overall fund performance and strategy.

Stakeholder Impact

  • Shareholders may be impacted by the tender offer, potentially affecting the fund's net asset value and share price.

Key Dates

DateDescription
May 14, 2015Date of execution of the Power of Attorney, granting authority to Clair E. Pagnano, George F. Magera, or Edward C. Bartley to act on behalf of Thomas R. Donahue for SEC filings.
October 15, 2024Date of the share sale transaction where Thomas R. Donahue sold 1,068 common shares at $12.67 per share.
October 17, 2024Date of signature of the Form 4 filing by George F. Magera (Attorney-in-Fact).

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