Federated Hermes Premier Municipal Income Fund (FMN) vs RiverNorth Flexible Municipal Income Fund (RFM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Federated Hermes Premier Municipal Income Fund (FMN) has outperformed RiverNorth Flexible Municipal Income Fund (RFM) over the past year, losing 9.9% versus a loss of 11.2%. Over five years, FMN leads with a -34.3% price change compared with -45.8% for RFM. RiverNorth Flexible Municipal Income Fund is the larger company by market cap ($78.3 million vs $77.2 million), about 1.0 times the size.
On valuation, RiverNorth Flexible Municipal Income Fund trades at a lower trailing P/E (7.2x vs 8.7x for Federated Hermes Premier Municipal Income Fund). Federated Hermes Premier Municipal Income Fund pays a dividend yielding 5.11%, while RiverNorth Flexible Municipal Income Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FMN | RFM |
|---|---|---|
| Share price | $9.88 | $12.81 |
| Market cap | $77.25M | $78.33M |
| 1-day change | 0.00% | -0.31% |
| YTD return | -11.07% | -8.30% |
| 1-year return | -9.94% | -11.17% |
| 5-year return | -34.31% | -45.81% |
| P/E ratio (TTM) | 8.67 | 7.20 |
| EPS (TTM) | $1.14 | $1.78 |
| Dividend yield | 5.11% | 8.23% |
| Annual dividend | $0.505 | $0.00 |
| 52-week high | $11.76 | $15.03 |
| 52-week low | $9.77 | $12.52 |
| Distance from 52-week high | -15.99% | -14.77% |
| Average volume | 33.34K | 16.50K |
| Shares outstanding | 7.82M | 6.11M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- RiverNorth Flexible Municipal Income Fund offers a meaningfully higher dividend yield (8.23% vs 5.11%).
About Federated Hermes Premier Municipal Income Fund
FMN stock →Federated Hermes Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company.
Financial Services · Asset Management
FMN vs RFM FAQ
Which is bigger, Federated Hermes Premier Municipal Income Fund or RiverNorth Flexible Municipal Income Fund?
RiverNorth Flexible Municipal Income Fund (RFM) is larger, with a market capitalization of $78.33M compared with $77.25M for Federated Hermes Premier Municipal Income Fund (FMN).
Which stock has performed better over the past year, FMN or RFM?
FMN returned -9.94% over the past 12 months, compared with -11.17% for RFM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FMN or RFM?
RFM has the lower trailing P/E at 7.2, versus 8.7 for FMN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Federated Hermes Premier Municipal Income Fund or RiverNorth Flexible Municipal Income Fund?
RiverNorth Flexible Municipal Income Fund has the higher yield at 8.23%, compared with 5.11% for Federated Hermes Premier Municipal Income Fund.
Are Federated Hermes Premier Municipal Income Fund and RiverNorth Flexible Municipal Income Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.