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
NR AA AGM 85 BLACK RIVER FALLS WI ELEC REVENUE BQ 092173BP7 12/1/2021 2.000 101.609 0.350 n
NR AA AGM 85 BLACK RIVER FALLS WI ELEC REVENUE BQ 092173BQ5 12/1/2022 2.000 103.048 0.450 n
NR A ST INTERCE 135 MISHAWAKA-PENN-HARRIS IN LTGO BQ 604848CF6 6/30/2024 2.000 105.312 0.500 n
NR A ST INTERCE 100 MISHAWAKA-PENN-HARRIS IN LTGO BQ 604848CH2 6/30/2025 2.000 106.312 0.600 n
NR A+ 385 KELSO WA WTR & SWR REVENUE BQ 488290GJ0 12/1/2029 3.000 117.167 1.000 n
NR A+ 690 NORTH MIAMI BEACH FL WTR REV 661046CC4 8/1/2031 2.606 105.794 2.000 n
Aa1 AA 585 ARCADIA CA UNIF SCH DIST UTGO Callable 8/1/2026 @ 100 039069KF5 8/1/2034 2.000 98.815 2.100 n
A3 AA BAM 100 FORT BEND CNTY TX MUD #134B UTGO Callable 9/1/2025 @ 100 34683LMR4 9/1/2037 2.000 97.215 2.200 n
NR AA AGM 120 MCLEAN-SHERIDAN ND WTR DIST REV BQ Callable 9/1/2028 @ 100 582092BR2 9/1/2042 2.000 98.263 2.100 n
NR AA AGM 240 MCLEAN-SHERIDAN ND WTR DIST REV BQ Callable 9/1/2028 @ 100 582092BV3 9/1/2046 2.125 98.532 2.200 n
NR AA AGM 140 MCLEAN-SHERIDAN ND WTR DIST REV BQ Callable 9/1/2028 @ 100 582092BZ4 9/1/2050 2.250 98.926 2.300 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
NR A ST INTERCE 80 MISHAWAKA-PENN-HARRIS IN LTGO BQ 604848CQ2 12/30/2028 2.000 107.741 1.000 y
NR AA ST AID WIT 80 BROCKTON MA TAXABLE UTGO Callable 9/1/2027 @ 100 111746GG2 9/1/2038 3.400 107.164 2.250 2.881 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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