When a company such as Federated Premier Municipal Income Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FMN split history from start to finish, an original position size of 1000 shares would have turned into 1030 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Federated Premier Municipal Income Fund shares, starting with a $10,000 purchase of FMN, presented on a split-history-adjusted basis factoring in the complete FMN split history.

About Federated Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund is a closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax, including the federal alternative minimum tax. According to our FMN split history records, Federated Premier Municipal Income Fund has had 1 split.

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