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Item 7.
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Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
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Not Applicable
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Item 8.
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Portfolio Managers of Closed-End Management Investment Companies
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(a) Not Applicable
(b) Effective July 29, 2021, Duwayne Walker became a
Portfolio Manager for the Fund, and is jointly and primarily responsible for managing the Fund’s assets along with existing Portfolio
Managers R. J. Gallo and Lee R. Cunningham II. The following is biographical, compensation and other account information for Duwayne Walker:
Duwayne Walker
Duwayne Walker has been the registrant’s portfolio manager since
July 2021.
Mr. Walker is a Senior Investment Analyst and Portfolio Manager with
the Adviser. He is responsible for portfolio management and research in the fixed income area concentrating in municipal securities. He
has been with the Adviser or an affiliate since 2016; has worked in investment management since 2016; and has managed investment portfolios
since 2021. Education: B.A., Hofstra University; M.B.A., Cornell University.
Portfolio Manager Information
The following information about the registrant’s portfolio manager
is provided as of June 30, 2021.
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Other Accounts Managed by Duwayne Walker
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Total Number of Other Accounts Managed / Total Assets*
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Registered Investment Companies
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0/$0
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Other Pooled Investment Vehicles
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0/$0
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Other Accounts
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0/$0
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* None of the Accounts has an advisory fee that is based on the performance
of the account.
Dollar value range of shares owned in the Fund: None.
Duwayne Walker is paid a fixed base salary and a variable annual incentive.
Base salary is determined within a market competitive, position-specific salary range, based on the portfolio manager’s experience
and performance. The annual incentive amount is determined based primarily on Investment Product Performance (IPP) and may also include
a discretionary component based on a variety of factors deemed relevant, such as financial measures and performance, and may be paid entirely
in cash, or in a combination of cash and restricted stock of Federated Hermes, Inc. (Federated Hermes). The total combined annual incentive
opportunity is intended to be competitive in the market for this portfolio manager role.
IPP is measured on a rolling one, three and five calendar year pre-tax
gross total return basis versus the Fund’s benchmark (i.e. S&P Custom Index) and versus the Fund’s designated peer group
of comparable accounts. Performance periods are adjusted if a portfolio manager has been managing an account for less than five years;
accounts with less than one year of performance history under a portfolio manager may be excluded.
For purposes of calculating the annual incentive amount, each account
managed by the portfolio manager currently is categorized into one of two IPP groups (which may be adjusted periodically). Within each
performance measurement period and IPP group, IPP currently is calculated on the basis of an assigned weighting to each account managed
by the portfolio manager and included in the IPP groups. At the account level, the weighting assigned to the Fund is greater than the
weighting assigned to certain other accounts used to determine IPP (but can be adjusted periodically). Additionally, a portion of Mr.
Walker’s IPP score is based on the performance of the accounts for which he provides research and analytic support. A portion of
the bonus tied to the IPP score may be adjusted based on management's assessment of overall contributions to account performance and any
other factors as deemed relevant.
Any individual allocations from the discretionary pool may be determined,
by executive management on a discretionary basis using various factors, such as, for example, on a product, strategy or asset class basis,
and considering overall contributions and any other factors deemed relevant (and may be adjusted periodically).
In addition, Mr. Walker was awarded a grant of restricted Federated Hermes
stock. Awards of restricted stock are discretionary and are made in variable amounts based on the subjective judgment of Federated Hermes’
senior management.
As a general matter, certain conflicts of interest may arise in connection
with a portfolio manager’s management of a fund’s investments, on the one hand, and the investments of other funds/pooled
investment vehicles or accounts (collectively, including the Fund, as applicable, “accounts”) for which the portfolio manager
is responsible, on the other. For example, it is possible that the various accounts managed could have different investment strategies
that, at times, might conflict with one another to the possible detriment of the Fund. Alternatively, to the extent that the same investment
opportunities might be desirable for more than one account, possible conflicts could arise in determining how to allocate them. Other
potential conflicts can include, for example, conflicts created by specific portfolio manager compensation arrangements (including, for
example, the allocation or weighting given to the performance of the Fund or other accounts or activities for which the portfolio manager
is responsible in calculating the portfolio manager’s compensation), and conflicts relating to selection of brokers or dealers to
execute Fund portfolio trades and/or specific uses of commissions from Fund portfolio trades (for example, research, or “soft dollars”).
The Adviser has adopted policies and procedures and has structured the portfolio managers’ compensation in a manner reasonably designed
to safeguard the Fund from being negatively affected as a result of any such potential conflicts.
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Item 9.
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Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
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No such purchases this period.
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Item 10.
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Submission of Matters to a Vote of Security Holders
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No changes to report.
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Item 11.
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Controls and Procedures
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(a) The registrant’s President and Treasurer have concluded that
the
registrant’s disclosure controls and procedures (as defined in
rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required
by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date
of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control
over financial reporting (as defined in rule 30a-3(d) under the Act) during the registrant’s most recent fiscal half-year (the registrant’s
second fiscal half-year in the case of an annual report) that have materially affected, or are reasonably likely to materially affect,
the registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End
Management Investment Companies
Not Applicable. The Fund does not currently participate in a securities
lending program and did not engage in any securities lending activities during the period of this report.
The following exhibits are filed with this report:
(a)(1) Code of Ethics – Not Applicable to this semi-annual report
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Registrant Federated Hermes Premier Municipal Income Fund
By /S/ Lori A. Hensler
Lori A. Hensler, Principal Financial Officer
Date July 23, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue, Principal Executive Officer
Date July 23, 2021
By /S/ Lori A. Hensler
Lori A. Hensler, Principal Financial Officer
Date July 23, 2021