Federated Premier Municipal Income Fund Announces Results of Tender Offer for Auction Market Preferred Shares and Issuance of Variable Rate Municipal Term Preferred Shares
FEDERATED INVESTORS (FII)
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Source: PR Newswire
PITTSBURGH, Oct. 18, 2019 /PRNewswire/ -- Federated Premier Municipal Income Fund (NYSE: FMN) announced the expiration and results for its voluntary tender offer for up to 100% of its outstanding auction market preferred shares (AMPS). The tender offer expired on Oct. 17, 2019, at 5 p.m. Eastern time.FMN has accepted for payment 1,275 AMPS, which represents approximately 96% of its outstanding AMPS.The terms of the AMPS that were not tendered will remain the same and auctions will continue for those AMPS. Shareholders who have questions about the tender offer should contact their financial advisor or call Deutsche Bank Trust Company Americas, the information agent for the fund's tender offer, toll free at 877-843-9767.The fund offered to purchase its outstanding AMPS at a price per share equal to 99% 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 fund will purchase the
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