SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 13, 2003
FEDERATED PREMIER MUNICIPAL INCOME FUND
(Exact name of registrant as specified in its charter)
Delaware 001-31562 47-0896539
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5800 Corporate Drive
Pittsburgh, Pennsylvania 15237-7000
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (800) 341-7400
Item 9. Regulation FD Disclosure.
The following information is furnished pursuant to Item 9 of Form 8-K :
Following is information that may be made publicly available on or after
February 14, 2003.
At January 31, 2003, the Fund held 66 tax exempt securities.
At January 31, 2003, the Fund's unlevered duration was 8.9 years. The Fund
will lever through the issuance of auction market preferred shares (AMPS). After
the Fund has received and invested the proceeds of its AMPS offering, the Fund
will attempt to maintain the duration of its assets at approximately 9 years,
resulting in an effective duration to Common Shareholders of approximately 14
years.
The following table shows the Fund's credit quality breakdown at January
31, 2003. In addition, after the Fund has received and invested the proceeds of
its AMPS offering, the Fund will attempt to increase its allocation to lower
rated securities and to maintain the credit quality breakdown specified in its
registration statement.
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Rating As of 1/31/03 Target
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AAA 45.4% 40-50%
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AA/A 19.5% 5-15%
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BBB 23.1% 20-25%
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BB/B/Unrated 12.0% up to 20%
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At January 31, 2003, the Fund's sector profile was as follows:
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Sector % of Fund
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Insured 45.4%
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Hospital 23.0%
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Lifecare 7.4%
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Industrial Revenue 6.1%
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Public Power 4.1%
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Special Tax 2.7%
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Education 2.2%
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General Obligation 1.1%
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Other 7.9%
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FEDERATED PREMIER MUNICIPAL INCOME FUND
(Registrant)
By /s/ Mary Jo Ochson
Mary Jo Ochson
Vice President
Date: February 13, 2003