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SCHEDULE 13G
(Rule 13d-102)
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Information to be included in Statements filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2
Under the Securities Exchange Act of 1934
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(Amendment No. __)*
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Federated Premier Municipal Income Fund
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(Name of Issuer)
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Auction Rate Preferred Securities
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31423P207
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(CUSIP Number)
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April 18, 2011
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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x Rule 13d-1(b)
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o Rule 13d-1(c)
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o Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
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The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1.
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Names of Reporting Persons
RiverNorth Capital Management, LLC
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2.
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Check the Appropriate Box if a Member of a Group
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(a)
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Not applicable |
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(b)
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Not applicable |
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
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Delaware |
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5. Sole Voting Power
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198 shares
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6. Shared Voting Power
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Not applicable
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7. Sole Dispositive Power
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198 shares
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8. Shared Dispositive Power
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Not applicable
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
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198 shares |
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10.
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Check box if the Aggregate Amount in Row (9) Excludes Certain Shares
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Not applicable |
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11.
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Percent of Class Represented by Amount in Row (9)
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13.53%
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12.
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Type of Reporting Person
IA
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Item 1(a).
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Name of Issuer:
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Federated Premier Municipal Income Fund
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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4000 Ericsson Drive, Warrendale, PA 15086
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Item 2(a).
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Name of Person Filing:
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RiverNorth Capital Management, LLC
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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325 N. LaSalle Street, Suiite 645, Chicago, IL 60654-7030
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Item 2(c).
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Citizenship:
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Delaware Limited Liability Company
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Item 2(d).
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Title of Class of Securities:
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Auction Rate Preferred Securities
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Item 2(e).
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CUSIP Number:
31423P207
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If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
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(a)
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o
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Broker or dealer registered under Section 15 of the Exchange Act; |
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(b)
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o
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Bank as defined in Section 3(a)(6) of the Exchange Act;
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(c)
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o
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Insurance company as defined in Section 3(a)(19) of the Exchange Act; |
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(d)
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o
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Investment company registered under Section 8 of the Investment Company Act of 1940; |
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(e)
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x |
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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o
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
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(g)
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o
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
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(h)
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o
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
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(i)
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o
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; |
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o
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A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); |
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(k)
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o
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Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
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If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:___________________________________________________________
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| Item 4. |
Ownership.
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(a)
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Amount beneficially owned:
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198 shares
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(b)
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Percent of class:
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13.53%
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(c)
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Number of shares as to which the person has:
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(i) Sole power to vote or direct the vote: 198 shares
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(ii) Shared power to vote or direct the vote: Not applicable
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(iii) Sole power to dispose or to direct the disposition of: 198 shares
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(iv) Shared power to dispose or to direct the disposition of: Not applicable
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| Item 5. |
Ownership of Five Percent or Less of a Class.
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Not applicable
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| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person.
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Each of RiverNorth Capital Partners, LP and RiverNorth Institutional Partners, LP has the right to receive the proceeds from the sale of the securities reported herein.
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| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not applicable
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| Item 8. |
Identification and Classification of Members of the Group.
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Not applicable
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| Item 9. |
Notice of Dissolution of Group.
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Not applicable
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| Item 10. |
Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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May 10, 2011
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/s/Jonathan M. Mohrhardt
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Signature
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Jonathan M. Mohrhardt, Chief Compliance Officer
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Name and Title
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