Federated Investment Management Company Announces Shareholder Approval of Reorganization of Federated Premier Intermediate Municipal Income Fund with and into Federated Premier Municipal Income Fund

PITTSBURGH, Nov. 14, 2017 /PRNewswire/ -- Federated Investment Management Company, the investment advisor to Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT), announced today that at the funds' joint annual meeting of shareholders, the reorganization of FPT with and into FMN, the issuance of additional FMN common shares in connection with the reorganization and the election of trustees were approved.

The reorganization is currently expected to take place Nov. 17, 2017 after the close of trading on the New York Stock Exchange (NYSE), subject to the satisfaction of certain customary closing conditions.  The last day of trading for FPT common shares is currently expected to be Nov. 17, 2017, and FMN common shares issued in connection with the reorganization are expected to start trading as of the open of market on Nov. 20, 2017.

The foregoing does not constitute an offering of any securities for sale. The combined prospectus/proxy statement relating to the reorganization contains important information about the reorganization and free copies may be obtained by calling the funds at 1-800-341-7400 or at the Securities and Exchange Commission's (SEC) website, www.sec.gov.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $363.7 billion in assets as of Sept. 30, 2017.  With 119 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 8,500 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com. 

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Certain statements made in this press release, such as those related to the reorganization, are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors.  These include, but are not limited to: market developments; legal and regulatory developments; and other additional risks and uncertainties.  As a result, none of the investment advisor, the fund or any other person assumes responsibility for the accuracy and completeness of such statements in the future.

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SOURCE Federated Investors, Inc.