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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)


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What is Federated Hermes Premier Municipalome Fund Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Federated Hermes Premier Municipalome Fund's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $3.96 Mil. Federated Hermes Premier Municipalome Fund's average total debt for the quarter that ended in Nov. 2023 was $0.00 Mil. Therefore, Federated Hermes Premier Municipalome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was N/A%.


Federated Hermes Premier Municipalome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Federated Hermes Premier Municipalome Fund Effective Interest Rate on Debt % Chart

Federated Hermes Premier Municipalome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
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Federated Hermes Premier Municipalome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Federated Hermes Premier Municipalome Fund's Effective Interest Rate on Debt % falls into.



Federated Hermes Premier Municipalome Fund Effective Interest Rate on Debt % Calculation

Federated Hermes Premier Municipalome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -3.71/( (0+0)/ 1 )
=-1  *  -3.71/0
=N/A %

where

Federated Hermes Premier Municipalome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -3.962/( (0+0)/ 1 )
=-1  *  -3.962/0
=N/A %

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Federated Hermes Premier Municipalome Fund  (NYSE:FMN) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Federated Hermes Premier Municipalome Fund Effective Interest Rate on Debt % Related Terms

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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561
Federated Hermes Premier Municipal Income Fund is a United States-based diversified, closed-end management investment company. The investment objective of the fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Christopher Donahue director, officer: Trustee and President 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Christopher Herkins other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Duwayne Walker other: Portfolio Manager 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Madelyn A Reilly director C/O 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Gallagher James J. Ii other: Director, Fed. Inv. Mgmt Co. 500 DELAWARE AVENUE, SUITE 1500, WILMINGTON DE 19801
Patrick Benacci other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
G. Thomas Hough director P.O. BOX 407, LAKELAND FL 33802
Meter Stephen Van officer: Chief Compliance Officer FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109
P Jerome Richey director 1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036

Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Headlines