Federated Hermes FMN keeps $0.0450 monthly tax-free, AMT-exempt dividend; Feb 23 record date

Pittsburgh notice: Federated Hermes keeps FMN payout steady

FMN dividend underscores tax-exempt municipal-income strategy

Federated Hermes' Premier Municipal Income Fund (FMN) declares a tax-free dividend of $0.0450 per share, maintaining the same monthly payout as the previous distribution. The fund sets Feb. 23, 2026, as the record and ex-dividend date and schedules payment for March 2, 2026, underscoring a steady monthly distribution pattern that the firm is continuing into the new year.

The fund emphasizes current income that is exempt from regular federal income tax and also highlights income that is exempt from the federal alternative minimum tax (AMT), a feature that can matter for certain taxable accounts. Federated Hermes positions FMN as a municipal income vehicle intended to provide monthly, tax-advantaged cash flow by investing in municipal securities, reinforcing its role for investors seeking municipal bond exposure without relying on capital appreciation.

Federated Hermes points investors to product literature and its website for portfolio details and suitability information, and reiterates that shareholders should consult tax advisors about individual tax treatment. The announcement, issued by Federated Hermes, Inc., presents the distribution in the context of the fund’s ongoing payout pattern rather than changes to policy or strategy.

Firm footprint and scale

Federated Hermes, Inc. is presenting the FMN announcement from its Pittsburgh base as part of broader asset-management operations. The firm reports $902.6 billion in assets under management as of Dec. 31, 2025, and provides active investment management across equity, fixed income, alternatives/private markets, multi-asset and liquidity strategies to more than 11,000 institutional and intermediary clients worldwide. It maintains offices including London, New York and Boston and employs over 2,000 staff globally.

Investor guidance and product access

The firm publishes additional portfolio information in the Products section of FederatedHermes.com/us and encourages prospective and current shareholders to review product literature for details on holdings, objectives and tax characteristics. Federated Hermes also advises investors to consult a tax professional to assess how FMN’s federal tax-exempt and AMT-exempt distributions apply to their individual tax situations.