PITTSBURGH, Oct. 13 /PRNewswire-FirstCall/ -- Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends. The funds seek to provide investors with current dividend income that is exempt from regular federal income tax. In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).

     Record Date:      Oct. 23, 2008
     Ex-Dividend Date: Oct. 21, 2008
     Payable Date:      Nov. 3, 2008

                                                  Tax-Free Dividends Per Share

                                                                 Change From
                    Closed-End Funds                 Amount     Previous Month

          FMN       Federated Premier Municipal
                    Income Fund                      $0.0670     $      --
          FPT       Federated Premier Intermediate
                    Municipal Income Fund            $0.0575     $      --

Investors can view additional portfolio information in the Products section of http://FederatedInvestors.com.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $333.5 billion in assets as of June 30, 2008. With 147 mutual funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to more than 5,400 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit http://FederatedInvestors.com.

SOURCE Federated Investors, Inc.