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Federated Investors' Closed-End Municipal Funds Report Annual Earnings

    Federated Investors' Closed-End Municipal Funds Report Annual Earnings

PR Newswire

PITTSBURGH, Jan. 31, 2013

PITTSBURGH, Jan. 31, 2013 /PRNewswire/ --Federated Premier Municipal Income
Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund
(NYSE: FPT) today announced earnings for the fiscal year ended Nov. 30, 2012.
The funds seek to provide investors with income that is exempt from federal
income tax, including alternative minimum tax (AMT), by investing in municipal
securities from different sectors, states and issuers across the country.

For the fiscal year ended Nov. 30, 2012, FMN had net investment income of
$5.81 million or $0.94 per common share. From this amount, FMN paid dividends
on auction market preferred shares (AMPS) of $0.02 million, resulting in net
investment income after the AMPS dividends of $5.79 million or $0.94 per
common share. Net realized and unrealized gains were $13.3 million or $2.16
per common share. At Nov. 30, 2012, FMN had an undistributed net investment
income reserve of $0.065 per common share, down from $0.088 per common share
at Nov. 30, 2011. Total portfolio assets of FMN were $136.0 million and the
net asset value per common share was $16.08.

For the fiscal year ended Nov. 30, 2012, FPT had net investment income of
$5.18 million or $0.74 per common share. From this amount, FPT paid dividends
on auction market preferred shares (AMPS) of $0.02 million, resulting in net
investment income after the AMPS dividends of $5.16 million or $0.74 per
common share. Net realized and unrealized gains were $8.5 million or $1.22
per common share. At Nov. 30, 2012, FPT had an undistributed net investment
income reserve of $0.055 per common share, down from $0.057 per common share
at Nov. 30, 2011. Total portfolio assets of FPT were $148.5 million and the
net asset value per common share was $15.27.

Both FMN and FPT have paid monthly tax-free dividends since the first dividend
declaration in February 2003. During the fiscal year, the funds maintained
their respective monthly common dividends with FMN paying $0.083 per share and
FPT paying $0.065 per share. The funds reduced their respective monthly
common dividends in December 2012, with FMN's dividend declining to $0.0755
per share and FPT's dividend declining to $0.0605 per share.

Fund composition and performance data for the funds as of Dec. 31, 2012 are
available in the Products section of FederatedInvestors.com. Data is updated
on the website approximately 15 days following each month-end and full
portfolio listings are updated approximately 30 days following each calendar
quarter-end. To order hard copies or to be placed on a mailing list, call
800-245-0242 x5588079, email CEinfo@federatedinv.com or write to Federated
Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment
managers in the United States, managing $379.8 billion in assets as of Dec.
31, 2012. With 137 funds, as well as a variety of separately managed account
options, Federated provides comprehensive investment management worldwide to
approximately 4,700 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit FederatedInvestors.com.



Federated Premier Municipal Income Fund (FMN)
SUMMARY OF RESULTS OF OPERATIONS
(For a Common Share Outstanding Throughout Each Period)
                                    

                                    Year Ended Nov. 30,

                                    
                                    2012        2011   2010   2009   2008
Net Asset Value, Beginning of       $13.86      $13.49 $13.25 $11.08 $14.60
Period
Income From Investment Operations:
Net investment income ^1            0.94        1.02   1.05   1.07   1.12
                                                                 
Net realized and unrealized gain
(loss) on investments, swap                                      
contracts and futures contracts
                                    2.16        0.38   0.25   2.13   (3.59)
Distributions to auction market                                  
preferred shareholders from net
investment income  ^2                (0.00)^3 (0.01) (0.01) (0.02) (0.25)
TOTAL FROM
                                    3.10        1.39   1.29   3.18   (2.72)
INVESTMENT OPERATIONS
Less Distributions to

Common Shareholders:
From net investment income          (1.00)      (1.02) (1.05) (1.01) (0.80)
Increase From Auction Market                                     
Preferred Share Tender and
Repurchase                          0.12        --     --     --     --
Net Asset Value, End of Period      $16.08      $13.86 $13.49 $13.25 $11.08
Market Price, End of Period         $16.95      $14.89 $14.36 $14.47 $9.37
Total Return at Net Asset Value ^4  23.90%      10.95% 9.90%  29.89% (19.45)%
Total Return at Market Price ^5     21.37%      11.91% 6.87%  67.59% (28.31)%

1) Per share numbers have been calculated using the average shares method.
2) The amounts shown are based on Common Share equivalents.
3) Represents less than $0.01.
4) Total Return at Net Asset Value is the combination of changes in the Common
Share net asset value, reinvested dividend income and reinvested capital gains
distributions at net asset value, if any, and does not reflect the sales
charge, if applicable.
5) Total Return at Market Price is the combination of changes in the market
price per share and the effect of reinvested dividend income and reinvested
capital gains distributions, if any, at the average price paid per share at
the time of the reinvestment.

Federated Premier INTERMEDIATE Municipal Income Fund (FPT)
SUMMARY OF RESULTS OF OPERATIONS
(For a Common Share Outstanding Throughout Each Period)
                                    

                                    Year Ended Nov. 30,

                                    
                                    2012        2011   2010   2009   2008
Net Asset Value, Beginning of       $13.94      $13.57 $13.46 $11.90 $14.15
Period
Income From Investment Operations:
Net investment income ^1            0.74        0.83   0.86   0.92   0.97
                                                                 
Net realized and unrealized gain
(loss) on investments, swap                                      
contracts and futures contracts
                                    1.22        0.36   0.13   1.54   (2.29)
Distributions to auction market                                  
preferred shareholders from net
investment income  ^2                (0.00) ^ (0.01) (0.01) (0.02) (0.24)
                                    3
TOTAL FROM
                                    1.96        1.18   0.98   2.44   (1.56)
INVESTMENT OPERATIONS
Less Distributions to

Common Shareholders:
From net investment income          (0.78)      (0.81) (0.87) (0.88) (0.69)
Increase From Auction Market                                     
Preferred Share Tender and
Repurchase                          0.15        --     --     --     --
Net Asset Value, End of Period      $15.27      $13.94 $13.57 $13.46 $11.90
Market Price, End of Period         $16.09      $13.87 $13.60 $13.62 $9.37
Total Return at Net Asset Value ^4  15.51%      9.06%  7.40%  21.24% (11.47)%
Total Return at Market Price ^5     22.29%      8.51%  6.38%  56.22% (20.62)%

1) Per share numbers have been calculated using the average shares method.
2) The amounts shown are based on Common Share equivalents.
3) Represents less than $0.01.
4) Total Return at Net Asset Value is the combination of changes in the Common
Share net asset value, reinvested dividend income and reinvested capital gains
distributions at net asset value, if any, and does not reflect the sales
charge, if applicable. 
5) Total Return at Market Price is the combination of changes in the market
price per share and the effect of reinvested dividend income and reinvested
capital gains distributions, if any, at the average price paid per share at
the time of the reinvestment.



SOURCE Federated Investors, Inc.

Website: http://FederatedInvestors.com
Contact: Melissa Ryan, +1-412-288-8079, or Meghan McAndrew, +1-412-288-8103