Bond Selection

Our expertise as municipal bond specialists – paired with diligent credit research – enable us to find and seize opportunities in market inefficiencies with the goal to produce above average returns.

The tables below are a sample of our current bond offerings. Contact us to learn more about any bond or others like it.

Tax-exempt Offerings

Moody S&P Insurer Cust Ofr($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
55 BLUE JAY DRAIN #46 REF MI LTGO BQ 095643AX0 6/1/2022 3.000 104.296 0.800 n
115 BLUE JAY DRAIN #46 REF MI LTGO BQ 095643AY8 6/1/2023 3.000 106.145 0.900 n
AGM 25 WAUKEGAN IL REF-SER A UTGO BQ 942860RH2 12/30/2023 3.000 105.217 1.500 n
75 OKALOOSA CNTY FL SALES TAX REVENUE 67823RBE3 10/1/2024 5.000 116.941 1.000 n
CNTY GTD 50 ESSEX CNTY NJ IMPT AUTH ARPT REV 296815BV4 11/1/2024 5.000 115.616 1.350 n
160 EVENDALE OH PUB INFRASTRUCTURE BQ 29976RAF6 12/1/2026 4.000 116.113 1.400 n
30 ILLINOIS ST FIN AUTH REVENUE Callable 12/1/2025 @ 100 45203HZ62 12/1/2026 5.000 120.186 1.200 1.708 n
65 WILL GRUNDY ETC CNTYS IL UTGO Callable 1/1/2026 @ 100 969080HU7 1/1/2027 3.000 106.078 1.850 2.010 n
35 BLUE JAY DRAIN #46 REF MI LTGO BQ 095643BC5 6/1/2027 3.000 111.296 1.300 n
75 MCHENRY CNTY IL CMNTY SCH DIST UTGO 581158QH8 1/15/2028 5.000 123.110 1.750 n
195 BLUE JAY DRAIN #46 REF MI LTGO BQ 095643BE1 6/1/2029 3.000 112.995 1.450 n
ST INTERCE 70 GCS IN SCH BLDG CORP ONE FIRST MTG 36828VGW9 7/15/2029 5.000 129.750 1.500 n
205 BLUE JAY DRAIN #46 REF MI LTGO BQ 095643BF8 6/1/2030 3.000 113.349 1.550 n
90 EVENDALE OH PUB INFRASTRUCTURE BQ Callable 6/1/2030 @ 100 29976RAK5 12/1/2030 4.000 119.556 1.850 1.934 n
210 BLUE JAY DRAIN #46 REF MI LTGO BQ Callable 6/1/2030 @ 100 095643BG6 6/1/2031 3.000 112.366 1.650 1.756 n
25 WISCONSIN ST  HLTH & ED  FAC AUTH RV Callable 10/1/2022 @ 100 97710B5D0 10/1/2032 4.000 104.545 2.000 3.542 n
5 CARMEL IN REDEV AUTH LSE RENTAL REV Callable 8/1/2022 @ 100 14329NDH4 8/1/2033 4.000 105.873 1.250 3.441 n
50 DALLAS-FORT WORTH TX INTERNATIONAL Callable 11/1/2022 @ 100 235036F62 11/1/2033 5.000 106.689 2.150 4.337 n
150 WOOSTER OH REF LTGO Callable 6/1/2025 @ 100 981083VK1 12/1/2034 2.000 100.000 2.000 2.000 n
205 UNIV OF NORTH CAROLINA NC AT Callable 10/1/2029 @ 100 914716P82 10/1/2037 4.000 116.033 2.100 2.824 n
400 CALIFORNIA ST EDUCTNL FACS AUTH Callable 4/1/2026 @ 100 130179FU3 10/1/2046 5.000 117.962 1.750 3.902 n
175 ESCAMBIA CNTY FL SALES TAX REVENUE Callable 10/1/2027 @ 100 296136FW9 10/1/2046 5.000 118.505 2.250 3.873 n
100 NEW YORK CITY NY MUNI WTR FIN AUTH Callable 12/15/2022 @ 100 64972GAZ7 6/15/2047 5.000 109.362 1.250 4.404 n
Q-SBLF 90 PLAINWELL MI CMNTY SCHS SER I UTGO Callable 5/1/2030 @ 100 726889LJ5 5/1/2048 2.750 100.000 2.750 2.750 n
450 BRISBANE CA SCH DIST UTGO BQ Callable 8/1/2027 @ 100 10973RCJ9 8/1/2049 3.000 103.929 2.400 2.802 n
200 ILLINOIS ST FIN AUTH REVENUE Callable 8/15/2030 @ 100 45204FBG9 8/15/2049 3.250 100.000 3.250 3.250 n

*Tax-Free Offerings are free from current Federal income taxes only. Income may be subject to state and local taxes and the alternative minimum tax (AMT). AMBAC, MBIA, XLCA, FGIC and CIFG are on credit watch for possible downgrade.

Taxable Offerings

Moody S&P Insurer Cust Ofr($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
75 UNIV OF COLORADO CO TAXABLE 91417K3T6 6/1/2030 2.265 102.392 2.000 y

May lose principal • Not FDIC insured • Not appropriate for all investors
Past performance does not guarantee future returns
This text contains privileged and/or confidential information. If you are not the intended recipient, you may not disclose, use, disseminate, copy or rely upon this message or attachment in any way. If you received this message in error, please return by forwarding the message and its attachments to the sender. There are or may be pending in the Congress of the United States legislative proposals, including some that carry retroactive effective dates, that, if enacted, could alter or amend the federal tax matters referred to above or affect the market value of bonds. It cannot be predicted whether or in what form any such proposal might be enacted or whether, if enacted, it would apply to bonds issued prior to enactment. Prospective purchasers of bonds should consult their own tax advisors regarding any pending or proposed federal tax legislation. We express no opinion regarding any pending or proposed federal tax legislation. This text is a current opinion and is subject to change at anytime. This information is taken from public sources we believe to be reliable, but we cannot assure complete accuracy. Nothing in this document represents a recommendation of any particular strategy, security or investment product. This information is distributed for educational purposes only and none of this information and analysis is, or is intended to be personalized investment advice. Bernardi Securities, Inc. is not acting in an investment advisory or municipal advisor capacity and the opinions and views contained herein are not intended to be and do not constitute advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rights of the owners of any bond and the enforceability of these rights may be limited by bankruptcy, insolvency, moratorium, reorganization and other similar laws affecting creditors’ rights and by equitable principles, whether considered at law or in equity, including the exercise of judicial discretion. Bernardi Securities, Inc. offerings are made by prospectus or official statement only. Past performance figures are not indicative of future returns. All e-mail correspondence is subject to review by someone other than the sender or recipient. Time sensitive requests such as trade orders and distribution requests must be requested directly through your Investment Specialist or Portfolio Manager. No part of this publication may be reproduced in any form, without the express written consent of Bernardi Securities, Inc. Bernardi Securities Inc. and its affiliates do not accept liability for any errors, omissions or viruses in the contents of this message or any attachments that may arise as a result of e-mail transmissions. Securities described as tax-free or tax-exempt imply that the income is exempt from current federal income tax. These securities may be subject to state and local taxes, the federal alternative minimum tax (AMT), capital gains tax, or other taxes. Please consult your tax professional regarding suitability.

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