Federated Investors Declares Monthly Dividends on Closed-End Municipal Funds
Federated Investors, a leading investment manager, has announced the declaration of monthly dividends for its Federated Premier Municipal Income Fund (FMN) and Federated Premier Intermediate Municipal Income Fund (FPT). Both funds aim to provide investors with tax-exempt income from regular federal income tax and the federal alternative minimum tax (AMT). The dividend declarations come as Federated Investors manages $362.9 billion in assets, serving over 7,700 institutions and intermediaries worldwide.
Key Takeaways:
- Federated Premier Municipal Income Fund (FMN) has declared a monthly dividend of $0.0735 per share, unchanged from the previous month.
- Federated Premier Intermediate Municipal Income Fund (FPT) has declared a monthly dividend of $0.0555 per share, also unchanged from the previous month.
- The dividend declarations are part of Federated Investors' comprehensive investment management services, which include 131 funds and separately managed account options.
- As of December 31, 2014, Federated Investors managed $362.9 billion in assets, serving over 7,700 institutions and intermediaries worldwide.
- Federated Investors provides tax-free dividends, exempt from regular federal income tax and the federal alternative minimum tax (AMT).
- Record Date: February 23, 2015
- Ex-Dividend Date: February 19, 2015
- Payable Date: March 2, 2015
Statistics:
- $0.0735: Monthly dividend per share for Federated Premier Municipal Income Fund (FMN)
- $0.0555: Monthly dividend per share for Federated Premier Intermediate Municipal Income Fund (FPT)
- $362.9 billion: Total assets under management by Federated Investors as of December 31, 2014
- 131: Number of Funds managed by Federated Investors
- 7,700: Number of institutions and intermediaries served by Federated Investors worldwide
Sources:
- Federated Investors, Inc.
- Federated Investors website
- PR Newswire, February 9, 2015
- Federated Investors, Inc. Database, December 31, 2014