United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-Q
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Companies
811-21249
(Investment Company Act File Number)
Federated Premier Intermediate Municipal Income Fund
___________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 11/30/17
Date of Reporting Period: Quarter ended 08/31/17
Item 1. | Schedule of Investments |
Principal Amount | Value | ||
MUNICIPAL BONDS—99.6% | |||
Arizona—2.6% | |||
$335,000 | 1 | Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.00%, 7/1/2036 | $346,584 |
1,000,000 | Phoenix, AZ IDA (Great Heart Academies), Education Facility Revenue Bonds (Series 2014A), 5.00%, 7/1/2034 | 1,076,560 | |
1,690,000 | Pima County, AZ IDA (Tucson Electric Power Co.), PCRBs (Series 2009A), 4.95%, 10/1/2020 | 1,822,952 | |
320,000 | 1 | Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.00%, 7/15/2027 | 349,335 |
TOTAL | 3,595,431 | ||
California—15.7% | |||
1,000,000 | Alameda Corridor Transportation Authority, CA, Senior Lien Revenue Refunding Bonds (Series 2013A), 5.00%, (AGM INS), 10/1/2028 | 1,193,760 | |
1,115,000 | Bay Area Toll Authority, CA San Francisco Bay Area Subordinate Toll Bridge Revenue Bonds (Series 2010 S-2), 5.00%, (United States Treasury PRF 10/1/2020@100), 10/1/2024 | 1,255,155 | |
1,500,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Revenue Bonds (Series 2011A), 5.25%, 3/1/2027 | 1,700,550 | |
1,250,000 | California Health Facilities Financing Authority (Scripps Health), Revenue Bonds (Series 2012A), 5.00%, 11/15/2032 | 1,418,337 | |
300,000 | 1 | California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.00%, 7/1/2034 | 332,313 |
600,000 | 1 | California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.00%, 7/1/2035 | 672,078 |
1,360,000 | California State (California State Fiscal Recovery Fund), Prerefunded Economic Recovery Bonds (Series 2009A), 5.00%, (United States Treasury COL), 7/1/2018 | 1,408,729 | |
345,000 | California State (California State Fiscal Recovery Fund), Refunding Economic Recovery Bonds (Series 2009A), 5.00%, (United States Treasury COL), 7/1/2018 | 357,361 | |
1,500,000 | California State, Various Purpose UT GO Bonds, 5.00%, 9/1/2027 | 1,808,445 | |
1,000,000 | 1 | California Statewide CDA (899 Charleston LLC), Revenue Refunding Bonds (Series 2014A), 5.00%, 11/1/2034 | 1,021,370 |
365,000 | 1 | California Statewide CDA (Inland Regional Center), Revenue Bonds (Series 2007), 5.00%, (United States Treasury PRF 12/1/2017@100), 12/1/2017 | 368,887 |
1,000,000 | Foothill/Eastern Transportation Corridor Agency, CA, Toll Road Revenue Refunding Bonds (Series 2013B-1), 5.50% TOBs, Mandatory Tender 1/15/2023 | 1,156,500 | |
165,000 | Irvine, CA (Irvine, CA Reassessment District No. 13-1), LO Improvement Bonds, 5.00%, 9/2/2028 | 186,810 | |
1,500,000 | Los Angeles, CA USDT, UT GO Refunding Bonds (Series 2014C), 5.00%, 7/1/2030 | 1,807,845 | |
1,385,000 | M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), 6.125%, (Citigroup, Inc. GTD), 11/1/2029 | 1,758,424 | |
1,335,000 | Sacramento, CA Municipal Utility District, Electric Revenue Refunding Bonds (Series 2012Y), 5.00%, 8/15/2028 | 1,570,734 | |
575,000 | San Francisco, CA City & County Airport Commission, Revenue Refunding Bonds, 5.00%, 5/1/2021 | 637,244 | |
425,000 | San Francisco, CA City & County Airport Commission, Revenue Refunding Bonds, 5.00%, (United States Treasury PRF 5/1/2020@100), 5/1/2021 | 471,283 | |
1,000,000 | San Jose, CA Airport, Airport Revenue Bonds (Series 2011A-2), 5.00%, (Original Issue Yield: 5.05%), 3/1/2031 | 1,106,480 | |
1,680,000 | University of California (The Regents of), Limited Project Revenue Bonds (Series 2012G), 5.00%, 5/15/2031 | 1,949,724 | |
TOTAL | 22,182,029 | ||
Colorado—5.3% | |||
750,000 | Centerra Metropolitian District No. 1, CO, Special Revenue Refunding and Improvement Bonds (Series 2017), 5.00%, 12/1/2029 | 809,655 | |
2,000,000 | Colorado Health Facilities Authority (Catholic Health Initiatives), Revenue Bonds (Series 2011A), 5.25%, 2/1/2031 | 2,126,320 | |
1,000,000 | Colorado Health Facilities Authority (Covenant Retirement Communities, Inc.), Revenue Refunding Bonds (Series 2012A), 5.00%, 12/1/2027 | 1,098,430 | |
1,000,000 | E-470 Public Highway Authority, CO, Revenue Bonds (Series 2010C), 5.375%, (Original Issue Yield: 5.40%), 9/1/2026 | 1,089,610 | |
500,000 | Leyden Rock Metropolitan District No. 10, CO, LT GO Refunding & Improvement Bonds (Series 2016A), 4.00%, 12/1/2025 | 501,850 | |
1,000,000 | Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008), 6.25%, (Bank of America Corp. GTD)/(Original Issue Yield: 6.63%), 11/15/2028 | 1,273,320 | |
510,000 | Tallyn's Reach Metropolitan District No. 3, CO, LT GO Refunding & Improvement Bonds (Series 2013), 5.00%, 12/1/2033 | 532,532 | |
TOTAL | 7,431,717 | ||
District of Columbia—1.0% | |||
250,000 | District of Columbia (KIPP DC), Revenue Bonds (Series 2013A), 6.00%, 7/1/2033 | 292,623 | |
500,000 | District of Columbia Revenue (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.00%, 6/1/2041 | 543,505 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
District of Columbia—continued | |||
$500,000 | District of Columbia Water & Sewer Authority, Public Utility Senior Lien Revenue Bonds (Series 2017B), 5.00%, 10/1/2024 | $615,570 | |
TOTAL | 1,451,698 | ||
Florida—3.8% | |||
1,000,000 | Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding Bonds (Series 2013A), 5.00%, 11/15/2028 | 1,114,160 | |
2,300,000 | Jacksonville, FL Sales Tax, Revenue Refunding Bonds (Series 2012), 5.00%, 10/1/2027 | 2,653,556 | |
500,000 | Midtown Miami, FL Community Development District, Special Assessment & Revenue Refunding Bonds (Series 2014A), 5.00%, 5/1/2029 | 532,720 | |
500,000 | Orlando, FL (6th Cent Contract Payments), Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.25%, (AGM INS), 11/1/2020 | 503,745 | |
380,000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-1), 0.00%, (Step Coupon 11/1/2021@ 6.61%) (Original Issue Yield: 6.93%), 5/1/2040 | 235,630 | |
235,000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-2), 0.00%, (Step Coupon 11/1/2024@ 6.61%) (Original Issue Yield: 6.752%), 5/1/2040 | 122,129 | |
255,000 | 2,3 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-3), 6.61%, 5/1/2040 | 3 |
210,000 | 2,3,4 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 3), 6.375%, 5/1/2017 | 2 |
75,000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-2), 0.00%, (Step Coupon 5/1/2018@ 6.61%) (Original Issue Yield: 6.61%), 5/1/2039 | 75,001 | |
175,000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-3), 0.00%, (Step Coupon 5/1/2019 @ 6.61%), 5/1/2040 | 105,053 | |
90,000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series A-4), 0.00% (Step Coupon 5/1/2022@ 6.61%), 5/1/2040 | 40,032 | |
TOTAL | 5,382,031 | ||
Georgia—2.7% | |||
1,000,000 | Atlanta, GA Airport Passenger Facilities Charge Revenue, Subordinate Lien General Revenue Bonds (Series 2010B), 5.00%, 1/1/2020 | 1,091,770 | |
1,500,000 | Atlanta, GA Water & Wastewater, Revenue Bonds (Series 2009A), 6.00%, 11/1/2019 | 1,662,945 | |
1,000,000 | Fulton County, GA Residential Care Facilties (Lenbrook Square Foundation, Inc.), Retirement Facility Refunding Revenue Bonds (Series 2016), 5.00%, 7/1/2031 | 1,115,420 | |
TOTAL | 3,870,135 | ||
Guam—0.4% | |||
500,000 | Guam Government LO (Section 30), Bonds (Series 2009A), 5.625%, (United States Treasury PRF 12/1/2019@100)/(Original Issue Yield: 5.875%) 12/1/2029 | 552,240 | |
Idaho—0.7% | |||
875,000 | Idaho Health Facilities Authority (Terraces of Boise), Revenue Bonds (Series 2013A), 7.375%, (Original Issue Yield: 7.50%), 10/1/2029 | 923,930 | |
Illinois—8.0% | |||
1,600,000 | Chicago, IL Midway Airport, Second Lien Revenue Refunding Bonds (Series 2014B), 5.00%, 1/1/2035 | 1,806,896 | |
1,325,000 | Chicago, IL Sales Tax, Revenue Refunding Bonds, 5.00%, (AGM INS), 1/1/2019 | 1,351,540 | |
500,000 | Chicago, IL Special Assessment (Lakeshore East Project), Improvement Bonds (Series 2002), 6.625%, (Original Issue Yield: 6.637%), 12/1/2022 | 500,110 | |
1,000,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Refunding Bonds (Series 2004), 5.00%, 11/1/2023 | 1,171,290 | |
560,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Refunding Bonds (Series 2004), 5.00%, 11/1/2024 | 663,953 | |
1,000,000 | Chicago, IL, GO Bonds (Series 2014A), 5.25%, 1/1/2033 | 1,069,850 | |
500,000 | Illinois Finance Authority (Loyola University of Chicago), Revenue Bonds (Series 2012B), 5.00%, 7/1/2026 | 562,630 | |
1,500,000 | Illinois State Toll Highway Authority, Toll Highway Senior Revenue Bonds (Series 2013A), 5.00%, 1/1/2030 | 1,711,035 | |
1,000,000 | Illinois State, UT GO Refunding Bonds (Series 2016), 5.00%, 2/1/2020 | 1,057,810 | |
1,255,000 | Illinois State, UT GO Refunding Bonds (Series May 2012), 5.00%, 8/1/2025 | 1,358,173 | |
TOTAL | 11,253,287 | ||
Indiana—3.5% | |||
930,000 | Indiana Municipal Power Agency, Power Supply System Revenue Bonds (Series 2013A), 5.25%, 1/1/2030 | 1,077,284 | |
2,000,000 | Indiana State Finance Authority Wastewater Utilities (CWA Authority), First Lien Wastewater Utility Revenue Bonds (Series 2014A), 5.00%, 10/1/2032 | 2,328,340 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Indiana—continued | |||
$1,300,000 | Whiting, IN Environmental Facilities (BP PLC), Revenue Bonds (Series 2009), 5.25%, 1/1/2021 | $1,462,877 | |
TOTAL | 4,868,501 | ||
Iowa—1.3% | |||
800,000 | Iowa Finance Authority (Iowa Fertilizer Co.), Midwestern Disaster Area Revenue Bonds (Series 2013), 5.50%, 12/1/2022 | 816,656 | |
565,000 | Xenia Rural Water District, Water Revenue Refunding Capital Loan Notes (Series 2016), 5.00%, 12/1/2024 | 666,378 | |
300,000 | Xenia Rural Water District, Water Revenue Refunding Capital Loan Notes (Series 2016), 5.00%, 12/1/2036 | 338,316 | |
TOTAL | 1,821,350 | ||
Kentucky—0.7% | |||
1,000,000 | Kentucky EDFA (Miralea), Revenue Bonds (Series 2016A), 5.00%, 5/15/2031 | 1,051,060 | |
Louisiana—2.4% | |||
1,000,000 | Louisiana State Citizens Property Insurance Corp., Assessment Revenue Refunding Bonds (Series 2016A), 5.00%, 6/1/2024 | 1,201,630 | |
1,000,000 | Louisiana State Citizens Property Insurance Corp., Revenue Refunding Bonds (Series 2012), 5.00%, (United States Treasury PRF 6/1/2022@100), 6/1/2024 | 1,177,680 | |
1,000,000 | St. Charles Parish, LA Gulf Opportunity Zone, Revenue Bonds (Series 2010), 4.00% TOBs, Mandatory Tender 6/1/2022 | 1,065,570 | |
TOTAL | 3,444,880 | ||
Maine—0.5% | |||
665,000 | Maine Health & Higher Educational Facilities Authority (Maine General Medical Center), Revenue Bonds (Series 2011), 7.50%, 7/1/2032 | 754,748 | |
Maryland—0.6% | |||
160,000 | Baltimore, MD SO (East Baltimore Research Park), SO Revenue Refunding Bonds (Series 2017A), 5.00%, 9/1/2038 | 170,499 | |
500,000 | Maryland State EDC (Ports America Chesapeake, Inc.), Revenue Bonds (Series A), 5.125%, (Original Issue Yield: 5.25%), 6/1/2020 | 528,570 | |
200,000 | Westminster, MD (Lutheran Village at Miller's Grant, Inc.), Revenue Bonds (Series 2014A), 6.00%, 7/1/2034 | 217,466 | |
TOTAL | 916,535 | ||
Massachusetts—2.8% | |||
2,000,000 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds (Series 2010B), 5.00%, 1/1/2024 | 2,183,540 | |
1,030,000 | Massachusetts HEFA (Northeastern University), Revenue Bonds (Series 2010A), 5.00%, 10/1/2023 | 1,146,874 | |
500,000 | Massachusetts State Development Finance Agency (Northeastern University), Revenue Bonds (Series 2012), 5.00%, 10/1/2029 | 574,760 | |
TOTAL | 3,905,174 | ||
Michigan—4.2% | |||
850,000 | Michigan State Department of Transportation, Grant Anticipation Refunding Bonds (Series 2016), 5.00%, 3/15/2027 | 1,063,903 | |
750,000 | Michigan State Finance Authority Revenue (Great Lakes, MI Sewage Disposal System), Senior Lien Revenue Bonds (Series 2014 C-3), 5.00%, (AGM INS), 7/1/2032 | 857,460 | |
1,500,000 | Michigan State Finance Authority Revenue (Public Lighting Authority), Local Government Loan Program Revenue Bonds (Series 2014B), 5.00%, 7/1/2029 | 1,688,505 | |
2,000,000 | Royal Oak, MI Hospital Finance Authority (Beaumont Health Credit Group), Revenue Refunding Bonds (Series 2014D), 5.00%, 9/1/2033 | 2,254,760 | |
TOTAL | 5,864,628 | ||
Mississippi—1.2% | |||
1,400,000 | Lowndes County, MS Solid Waste Disposal, (Weyerhaeuser Co.), PCR Refunding Bonds (Project A), 6.80%, 4/1/2022 | 1,626,842 | |
New Hampshire—0.4% | |||
500,000 | 1 | New Hampshire HEFA (Hillside Village), Revenue Bonds (Series 2017A), 6.125%, 7/1/2037 | 525,385 |
New Jersey—5.9% | |||
1,250,000 | New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2014UU), 5.00%, 6/15/2034 | 1,335,862 | |
750,000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2014PP), 5.00%, 6/15/2031 | 807,555 | |
1,500,000 | New Jersey EDA (NJ Dedicated Cigarette Excise Tax), Cigarette Tax Revenue Refunding Bonds (Series 2012), 5.00%, 6/15/2020 | 1,613,985 | |
1,500,000 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2013A), 5.00%, 1/1/2032 | 1,712,265 | |
1,000,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Bonds (Series 2007-1), 4.625%, (Original Issue Yield: 4.85%), 6/1/2026 | 1,001,150 | |
1,000,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Bonds (Series 2007-1), 5.00%, (Original Issue Yield: 5.015%), 6/1/2041 | 966,340 | |
905,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Bonds (Series 2007-1A), 4.50%, 6/1/2023 | 906,041 | |
TOTAL | 8,343,198 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
New York—10.1% | |||
$495,000 | Brooklyn Arena Local Development Corporation, NY, PILOT Revenue Bonds (Series 2009), 5.75%, 7/15/2018 | $514,785 | |
255,000 | Brooklyn Arena Local Development Corporation, NY, PILOT Revenue Bonds (Series 2009), 5.75%, (United States Treasury COL), 7/15/2018 | 266,034 | |
1,000,000 | Erie County, NY IDA (Buffalo, NY City School District), School Facility Revenue Bonds (Series 2011A), 5.25%, 5/1/2027 | 1,149,120 | |
1,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Revenue Bonds (Series 2013A), 5.00%, 11/15/2031 | 1,167,430 | |
1,500,000 | New York City, NY TFA, Future Tax Secured Subordinate Bonds (Series Fiscal 2011D), 5.00%, 2/1/2019 | 1,587,525 | |
1,000,000 | New York City, NY, UT GO Bonds (Fiscal 2014 Subseries D-1), 5.00%, 8/1/2030 | 1,177,650 | |
250,000 | New York City, NY, UT GO Bonds (Series 2014G), 5.00%, 8/1/2030 | 292,503 | |
1,000,000 | New York Liberty Development Corp. (4 World Trade Center), Liberty Revenue Bonds (Series 2011), 5.00%, 11/15/2031 | 1,136,070 | |
2,000,000 | New York Liberty Development Corp. (7 World Trade Center LLC), Revenue Refunding Bonds (Series 2012 Class 1), 5.00%, 9/15/2028 | 2,317,460 | |
1,000,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), State Personal Income Tax Revenue Bonds (Series 2013C), 5.00%, 3/15/2032 | 1,171,420 | |
2,000,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), State Personal Income Tax Revenue Bonds (Series 2017A), 5.00%, 3/15/2027 | 2,522,640 | |
665,000 | Niagara Area Development Corp., NY (Covanta Energy Corp.), Solid Waste Disposal Facility Revenue Refunding Bonds (Series 2012B), 4.00%, 11/1/2024 | 665,725 | |
250,000 | TSASC, Inc. NY, Tobacco Settlement Asset Backed Senior Refunding Bonds (Series 2017A), 5.00%, 6/1/2024 | 292,652 | |
TOTAL | 14,261,014 | ||
Ohio—5.5% | |||
1,500,000 | American Municipal Power-Ohio, Inc., (American Municipal Power, Prairie State Energy Campus Project), Revenue Refunding Bonds (Series 2015A), 5.25%, 2/15/2033 | 1,699,275 | |
2,135,000 | Franklin County, OH Hospital Facility Authority (Nationwide Children's Hospital), Hospital Improvement Revenue Bonds (Series 2009), 5.00%, 11/1/2019 | 2,301,594 | |
695,000 | Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds (Series 2013), 5.00%, 2/15/2027 | 749,217 | |
1,500,000 | Ohio State Turnpike & Infrastructure Commission, Turnpike Junior Lien Revenue Bonds (Series 2013A-1), 5.25%, 2/15/2029 | 1,784,505 | |
1,000,000 | University of Cincinnati, OH, General Receipts Bonds (Series 2013C), 5.00%, 6/1/2033 | 1,168,360 | |
TOTAL | 7,702,951 | ||
Pennsylvania—4.2% | |||
2,000,000 | Allentown, PA Neighborhood Improvement Zone Development Authority, Tax Revenue Bonds (Series 2012A), 5.00%, 5/1/2026 | 2,190,880 | |
1,265,000 | Cumberland County, PA Municipal Authority (Asbury Pennsylvania Obligated Group), Revenue Refunding Bonds (Series 2012), 5.25%, 1/1/2032 | 1,298,143 | |
1,255,000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), 5.00%, 1/1/2023 | 1,440,426 | |
1,000,000 | Philadelphia, PA Hospitals & Higher Education Facilities Authority (Temple University Health System Obligated Group), Hospital Revenue Bonds (Series 2012B), 5.00%, 7/1/2018 | 1,022,630 | |
TOTAL | 5,952,079 | ||
South Carolina—1.6% | |||
2,000,000 | Piedmont Municipal Power Agency, SC, Electric Revenue Refunding Bonds (Series 2010A-3), 5.00%, 1/1/2024 | 2,224,660 | |
South Dakota—1.2% | |||
1,500,000 | Educational Enhancement Funding Corp., SD, Tobacco Settlement Revenue Bonds (Series 2013B), 5.00%, 6/1/2027 | 1,684,110 | |
Tennessee—1.2% | |||
1,500,000 | Tennessee Energy Acquisition Corp., Gas Revenue Bonds (Series 2006A), 5.25%, (Goldman Sachs & Co. GTD), 9/1/2021 | 1,686,510 | |
Texas—10.5% | |||
1,500,000 | Arlington, TX Higher Education Finance Corp. (Uplift Education), Revenue Bonds (Series 2016A), 5.00%, 12/1/2036 | 1,647,795 | |
270,000 | Clifton Higher Education Finance Corp., TX (Idea Public Schools), 6.00%, 8/15/2033 | 317,088 | |
500,000 | Clifton Higher Education Finance Corp., TX (Idea Public Schools), Education Revenue Bonds (Series 2012), 5.00%, 8/15/2032 | 542,605 | |
1,500,000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Improvement Bonds (Series 2013B), 5.00%, 11/1/2030 | 1,734,030 | |
1,000,000 | Decatur, TX Hospital Authority (Wise Regional Health System), Hospital Revenue Bonds (Series 2014A), 5.00%, (Original Issue Yield: 5.05%), 9/1/2034 | 1,066,380 | |
1,000,000 | Houston, TX Airport System, Senior Lien Revenue & Refunding Bonds (Series 2009A), 5.00%, 7/1/2018 | 1,034,040 | |
500,000 | Houston, TX Higher Education Finance Corp. (Cosmos Foundation, Inc.), Education Revenue Bonds (Series 2012A), 5.00%, 2/15/2032 | 537,305 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Texas—continued | |||
$1,525,000 | Houston, TX Higher Education Finance Corp. (Harmony Public Schools), Education Revenue & Refunding Bonds (Series 2014A), 5.00% (PSFG GTD), 2/15/2033 | $1,743,151 | |
1,500,000 | North Texas Tollway Authority, System Second Tier Revenue Refunding Bonds (Series 2014B), 5.00%, 1/1/2031 | 1,734,510 | |
415,000 | Red River, TX HFDC (MRC The Crossings), Retirement Facility Revenue Bonds (Series 2014A), 7.50%, (Original Issue Yield: 7.55%), 11/15/2034 | 469,606 | |
750,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Buckner Senior Living-Ventana Project), Tax-Exempt Mandatory Paydown Securities 80 (Series 2017B-1), 5.625%, 11/15/2024 | 766,995 | |
1,500,000 | Texas Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue Bonds (Series 2008D), 6.25%, (Bank of America Corp. GTD), 12/15/2026 | 1,833,960 | |
1,270,000 | University of Texas System (The Board of Regents of), Revenue Bonds (Series 2004B), 5.25%, 8/15/2019 | 1,376,655 | |
TOTAL | 14,804,120 | ||
Washington—0.7% | |||
1,000,000 | Tobacco Settlement Authority, WA, Tobacco Settlement Revenue Refunding Bonds (Series 2013), 5.25%, 6/1/2029 | 1,032,630 | |
Wisconsin—0.9% | |||
1,050,000 | Wisconsin Health & Educational Facilities Authority (Hospital Sisters Services, Inc.), Revenue Refunding Bonds (Series 2014A), 5.00%, 11/15/2029 | 1,224,993 | |
TOTAL MUNICIPAL BONDS (IDENTIFIED COST $132,288,398) | 140,337,866 | ||
SHORT-TERM MUNICIPALS—0.4% | |||
New York—0.3% | |||
400,000 | 5 | New York City, NY, Fiscal 2013 (Subseries A-3) Daily VRDNs (Mizuho Bank Ltd. LOC), 0.86%, 9/1/2017 | 400,000 |
Ohio—0.1% | |||
100,000 | 5 | Franklin County, OH Hospital Facility Authority (Nationwide Children's Hospital), (Series 2008B) Weekly VRDNs, 0.79%, 9/7/2017 | 100,000 |
TOTAL SHORT-TERM MUNICIPALS (IDENTIFIED COST $500,000) | 500,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.0% (IDENTIFIED COST $132,788,398)6 | 140,837,866 | ||
OTHER ASSETS AND LIABILITIES—NET7 | 1,353,515 | ||
LIQUIDATION VALUE OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES | (46,175,000) | ||
LIQUIDATION VALUE OF AUCTION MARKET PREFERRED SHARES | (14,900,000) | ||
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS | $81,116,381 |
1 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to
a contractual restriction on public sales. At August 31, 2017, these restricted securities amounted to $3,615,952, which represented 4.5% of total net assets. Additional information on restricted securities held at August 31, 2017, is as follows: |
Security | Acquisition Date | Cost | Market Value |
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.00%, 7/1/2034 | 6/13/2014 | $302,154 | $332,313 |
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.00%, 7/1/2035 | 8/27/2015 | $ 629,679 | $672,078 |
California Statewide CDA (899 Charleston LLC), Revenue Refunding Bonds (Series 2014A), 5.00%, 11/1/2034 | 11/13/2014 | $1,002,962 | $1,021,370 |
California Statewide CDA (Inland Regional Center), Revenue Bonds (Series 2007), 5.00%, (United States Treasury PRF 12/1/2017@100),12/1/2017 | 11/30/2007 | $365,276 | $368,887 |
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.00%, 7/1/2036 | 10/6/2016 | $356,617 | $346,584 |
New Hampshire HEFA (Hillside Village), Revenue Bonds (Series 2017A), 6.125%, 7/1/2037 | 6/8/2017 | $500,000 | $525,385 |
Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.00%, 7/15/2027 | 7/3/2013 | $328,739 | $349,335 |
2 | Security in default. |
3 | Non-income-producing security. |
4 | Principal amount and interest were not paid upon final maturity. |
5 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
6 | At August 31, 2017, the cost of investments for federal tax purposes was $132,596,974. The net unrealized appreciation of investments for federal tax purposes was $8,240,892. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $8,388,749 and net unrealized depreciation from investments for those securities having an excess of cost over value of $147,857. |
7 | Assets, other than investments in securities, less liabilities. |
■ | Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Fund's Board of Trustees (“the Trustees”). |
■ | Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs. |
■ | Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations. |
■ | Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees. |
■ | For securities that are fair valued in accordance with procedures established by and under the general supervision of the Trustees, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions. |
AGM | —Assured Guaranty Municipal Corp. |
CDA | —Community Development Authority |
COL | —Collateralized |
EDA | —Economic Development Authority |
EDC | —Economic Development Corporation |
EDFA | —Economic Development Finance Authority |
GO | —General Obligation |
GTD | —Guaranteed |
HEFA | —Health and Education Facilities Authority |
HFDC | —Health Facility Development Corporation |
IDA | —Industrial Development Authority |
INS | —Insured |
LO | —Limited Obligation |
LOC | —Letter of Credit |
LT | —Limited Tax |
PCR | —Pollution Control Revenue |
PCRBs | —Pollution Control Revenue Bonds |
PILOT | —Payment in Lieu of Taxes |
PRF | —Pre-refunded |
PSFG | —Public School Fund Guarantee |
SO | —Special Obligation |
TFA | —Transitional Finance Authority |
TOBs | —Tender Option Bonds |
USDT | —Unified School District |
UT | —Unlimited Tax |
VRDNs | —Variable Rate Demand Notes |
Item 2. | Controls and Procedures |
(a) The registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. | Exhibits |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Premier Intermediate Municipal Income Fund
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date October 23, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date October 23, 2017
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date October 23, 2017
N-Q Item 3- Exhibits: Certifications
I, J. Christopher Donahue, certify that:
Date: October 23, 2017
/S/ J. Christopher Donahue
J. Christopher Donahue
President - Principal Executive Officer
N-Q Item 3- Exhibits: Certifications
I, Lori A. Hensler, certify that:
Date: October 23, 2017
/S/ Lori A. Hensler
Lori A. Hensler
Treasurer - Principal Financial Officer