Saba Capital Reaches Agreement With Federated Hermes
Federated Hermes Premier Municipal Income Fund (FMN)
US:NYSE Investor Relations:
federatedinvestors.com/fii/closedendfunds/details/overview.do?basketid=10461
Company Research
Source: Business Wire
Federated Hermes Premier Municipal Income Fund Will Conduct a Cash Tender Offer for 32% of Its Shares at 99% of NAV NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), today announced that it has entered into a standstill agreement with Federated Investment Management Company, which is the investment advisor of the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) (the “Fund”).In connection with the agreement, the Fund will conduct a tender offer to purchase up to 32% of its outstanding common shares in cash. The tender offer will provide all shareholders the opportunity to tender some or all of their common shares at a price equal to 99% of the Fund’s net asset value per share as determined on the day the tender offer expires or the preceding or subsequent business day. The tender offer is expected to commence September 13, 2024, and end October 11, 2024.If greater than 32% of the Fund’s outstanding common shares are
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Sec Filings
- 11/12/24 - Form 4
- 10/25/24 - Form NPORT-P
- 10/21/24 - Form SC
- FMN's page on the SEC website