• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by Federated Hermes Premier Municipal Income Fund

    10/15/24 6:58:53 PM ET
    $FMN
    Investment Managers
    Finance
    Get the next $FMN alert in real time by email
    SC 13D/A 1 formsc13da.htm FORM SC 13D/A Saba Capital Management, L.P.: Form SC 13D/A - Filed by newsfilecorp.com

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13D/A

     

    Under the Securities Exchange Act of 1934

    (Amendment No. 8)*

     

    Federated Hermes Premier Municipal Income Fund

    (Name of Issuer)

     

    Common Shares, $0.01 par value

    (Title of Class of Securities)

     

    31423P108

    (CUSIP Number)

    Saba Capital Management, L.P.

    405 Lexington Avenue

    58th Floor

    New York, NY 10174

    Attention: Michael D'Angelo

    (212) 542-4635
    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)

    October 14, 2024

    (Date of Event Which Requires Filing of This Statement)

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

    (Page 1 of 7 Pages)

    ______________________________

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


    CUSIP No.  31423P108 SCHEDULE 13D/A Page 2 of 7 Pages

    1

    NAME OF REPORTING PERSON

    Saba Capital Management, L.P.

    2

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☐

    (b) ☐

    3

      SEC USE ONLY

    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5

      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

    ☐

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:

    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    1,111,886

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    1,111,886

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    1,111,886

    12

      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

    ☐

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    9.67%

    14

    TYPE OF REPORTING PERSON

    PN; IA

           
    The percentages used herein are calculated based upon 11,498,091 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 8/2/23


    CUSIP No.  31423P108 SCHEDULE 13D/A Page 3 of 7 Pages

    1

    NAME OF REPORTING PERSON

    Boaz R. Weinstein

    2

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☐

    (b) ☐

    3

      SEC USE ONLY

    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5

      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

    ☐

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:

    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    1,111,886

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    1,111,886

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    1,111,886

    12

      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

    ☐

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    9.67%

    14

    TYPE OF REPORTING PERSON

    IN

           
    The percentages used herein are calculated based upon 11,498,091 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/31/24


    CUSIP No.  31423P108 SCHEDULE 13D/A Page 4 of 7 Pages

    1

    NAME OF REPORTING PERSON

    Saba Capital Management GP, LLC

    2

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☐

    (b) ☐

    3

      SEC USE ONLY

    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5

      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

    ☐

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:

    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    1,111,886

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    1,111,886

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    1,111,886

    12

      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

    ☐

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    9.67%

    14

    TYPE OF REPORTING PERSON

    OO

           
    The percentages used herein are calculated based upon 11,498,091 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/31/24


    CUSIP No.  31423P108 SCHEDULE 13D/A Page 5 of 7 Pages

    Item 1.

    SECURITY AND ISSUER

     

     

     

    This Amendment No. 8 amends and supplements the statement on Schedule 13D filed with the SEC on 4/18/23, as amended by Amendment No. 1 filed 7/24/23, Amendment No. 2 filed 8/18/23, Amendment No. 3 filed 9/19/23, Amendment No. 4 filed 11/22/23, Amendment No. 5 filed 12/11/23, Amendment No. 6 filed 1/19/24, and Amendment No. 7 filed 9/4/24; with respect to the common shares of Federated Hermes Premier Municipal Income Fund. This Amendment No. 8 amends Items 3 and 5, as set forth below.

     

     

    Item 3.

    SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

     

     

     

    Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business.  In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time.  Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $11,645,435 was paid to acquire the Common Shares reported herein.


    Item 5.

    INTEREST IN SECURITIES OF THE ISSUER

     

     

    (a)

    See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons.  The percentages used herein are calculated based upon 11,498,091 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/31/24.

     

     

    (b)

    See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

     

     

    (c)

    The transactions in the Common Shares effected since the filing of the Schedule 13D/A on 9/4/24 by the Reporting Persons, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.

     

     

    (d)

    The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Shares.

     

     

    (e)

    Not applicable.



    CUSIP No.  31423P108 SCHEDULE 13D/A Page 6 of 7 Pages

    SIGNATURES

    After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Date:  October 15, 2024

     

    SABA CAPITAL MANAGEMENT, L.P.

    By:  /s/ Michael D'Angelo

     

    Name: Michael D'Angelo

    Title: Chief Compliance Officer

     

     

     

     

     

    SABA CAPITAL MANAGEMENT GP, LLC

    By:  /s/ Michael D'Angelo

    Name: Michael D'Angelo

    Title: Authorized Signatory

     

     

     

     

     

    BOAZ R. WEINSTEIN

    By:  /s/ Michael D'Angelo

     

    Name: Michael D'Angelo

     

    Title: Attorney-in-fact*

     

    * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

     



    CUSIP No.  31423P108 SCHEDULE 13D/A Page 7 of 7 Pages

    Schedule A

    This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital since the filing of the Schedule 13D/A on 9/4/24.  All transactions were effectuated in the open market through a broker.

    Trade Date Buy/Sell Shares Price
    10/8/2024 Sell 400 12.42
    10/9/2024 Sell 15,315 12.36
    10/14/2024 Sell 523,323 12.67



    Get the next $FMN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FMN

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $FMN
    Financials

    Live finance-specific insights

    See more
    • Federated Hermes Premier Municipal Income Fund declares dividend

      PITTSBURGH, April 10, 2025 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: April 23, 2025 Ex-Dividend Date: April 23, 2025 Payable Date:  May 1, 2025 Amount Change From Previous Month $0.0400 $0.0000   Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active investment management,

      4/10/25 9:06:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance
    • Federated Hermes Premier Municipal Income Fund declares dividend

      PITTSBURGH, March 10, 2025 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date:  March 21, 2025 Ex-Dividend Date:  March 21, 2025 Payable Date: April 1, 2025  Amount Change From Previous Month $0.0400 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active investment management, with $8

      3/10/25 9:00:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance
    • Federated Hermes Premier Municipal Income Fund declares dividend

      PITTSBURGH, Feb. 10, 2025 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Feb. 21, 2025 Ex-Dividend Date: Feb. 21, 2025 Payable Date: March 3, 2025 Amount Change From Previous Month $0.0400 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active, responsible investment management,

      2/10/25 9:05:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance

    $FMN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Federated Hermes Premier Municipal Income Fund

      SC 13D/A - Federated Hermes Premier Municipal Income Fund (0001199004) (Subject)

      12/13/24 5:01:17 PM ET
      $FMN
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Federated Hermes Premier Municipal Income Fund

      SC 13D/A - Federated Hermes Premier Municipal Income Fund (0001199004) (Subject)

      10/21/24 8:10:41 PM ET
      $FMN
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Federated Hermes Premier Municipal Income Fund

      SC 13D/A - Federated Hermes Premier Municipal Income Fund (0001199004) (Subject)

      10/21/24 7:19:47 PM ET
      $FMN
      Investment Managers
      Finance

    $FMN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Bank Of America Corp /De/ sold $142 worth of shares (13 units at $10.89) and bought $141 worth of shares (13 units at $10.85) (SEC Form 4)

      4 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      4/11/25 4:17:23 PM ET
      $FMN
      Investment Managers
      Finance
    • Large owner Bank Of America Corp /De/ bought $55,556 worth of shares (4,007 units at $13.86) and sold $55,472 worth of shares (4,007 units at $13.84) (SEC Form 4)

      4 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      12/13/24 5:11:45 PM ET
      $FMN
      Investment Managers
      Finance
    • Saba Capital Management, L.P. bought $226,383 worth of shares (20,534 units at $11.02) (SEC Form 4)

      4 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      4/3/24 1:49:09 PM ET
      $FMN
      Investment Managers
      Finance

    $FMN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund

      PITTSBURGH, April 15, 2025 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE:FMN) as of March 31, 2025, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active investment management, with $829.6 billion in assets under management, as of Dec. 31, 202

      4/15/25 9:05:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance
    • Federated Hermes Premier Municipal Income Fund declares dividend

      PITTSBURGH, April 10, 2025 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: April 23, 2025 Ex-Dividend Date: April 23, 2025 Payable Date:  May 1, 2025 Amount Change From Previous Month $0.0400 $0.0000   Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active investment management,

      4/10/25 9:06:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance
    • Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund

      PITTSBURGH, March 17, 2025 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE:FMN) as of Feb. 28, 2025, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active investment management, with $829.6 billion in assets under management, as of Dec. 31, 2024

      3/17/25 9:10:00 AM ET
      $FHI
      $FMN
      Investment Managers
      Finance

    $FMN
    SEC Filings

    See more
    • Amendment: SEC Form SCHEDULE 13D/A filed by Federated Hermes Premier Municipal Income Fund

      SCHEDULE 13D/A - Federated Hermes Premier Municipal Income Fund (0001199004) (Subject)

      2/5/25 7:18:25 PM ET
      $FMN
      Investment Managers
      Finance
    • SEC Form N-CEN filed by Federated Hermes Premier Municipal Income Fund

      N-CEN - Federated Hermes Premier Municipal Income Fund (0001199004) (Filer)

      2/4/25 11:42:47 AM ET
      $FMN
      Investment Managers
      Finance
    • SEC Form N-CSR filed by Federated Hermes Premier Municipal Income Fund

      N-CSR - Federated Hermes Premier Municipal Income Fund (0001199004) (Filer)

      1/29/25 9:50:40 AM ET
      $FMN
      Investment Managers
      Finance

    $FMN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Bank Of America Corp /De/ sold $142 worth of shares (13 units at $10.89) and bought $141 worth of shares (13 units at $10.85) (SEC Form 4)

      4 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      4/11/25 4:17:23 PM ET
      $FMN
      Investment Managers
      Finance
    • New insider Nasta Frank J claimed no ownership of stock in the company (SEC Form 3)

      3 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      1/8/25 12:27:45 PM ET
      $FMN
      Investment Managers
      Finance
    • New insider Miller Max F. claimed no ownership of stock in the company (SEC Form 3)

      3 - Federated Hermes Premier Municipal Income Fund (0001199004) (Issuer)

      1/8/25 12:23:01 PM ET
      $FMN
      Investment Managers
      Finance