The following is a list of a few of the municipal bonds we currently have in inventory. Each bond is offered subject to prior sale and to a change in price. Bonds are offered by prospectus only. Contact us for a copy of Official Statement of bond(s) which interest you or for a complete listing of all bonds we currently offer.

Tax-Free* Offerings
Rating Quantity Description Maturity Date Coupon Price YTC/YTM
Aaa
20
OMAHA NE REF-OMAHA CONVENT UTGO
4/1/2016
5.250
116.556
1.150
AAA
681712PE9
Aa1
25
GRAND RAPIDS MI CMNTY CLG REF LTGO
5/1/2016
5.000
115.851
1.150
AA
AGM38624JHL1
Aa1
10
GILBERT AZ PROJS OF 2006 & 2007 UTGO
7/1/2016
5.000
116.695
1.100
AA
375280JX3
A1
135
LIVINGSTON LA SALLE & GRUNDY CNTYS BQ
12/1/2016
5.000
117.209
1.300
NR
538684BD2
NR
25
CHATTANOOGA TN ELEC REVENUE SER A
9/1/2017
4.500
117.414
1.250
AA
162393DK5
Aa1
250
RICHLAND CNTY SC SCH DIST #2 UTGO
5/1/2018
5.000
119.487
1.150
AACallable 5/17/2012 @ 100
1.691
NATL-RE SC763682VG3
NR
50
PASCO WA WTR & SWR REVENUE BQ
6/1/2018
4.000
115.985
1.350
AA-
702571MR8
Baa2
510
S WSTRN IL DEV AUTH LOC GOVT PROGRAM
10/1/2018
5.000
112.302
2.200
A+Callable 10/16/2012 @ 100
2.948
NATL-RE GO84552YDZ1
Aa1
50
MISSOURI ST HIGHWAYS & TRANSIT
5/1/2019
5.250
120.471
1.200
AAACallable 5/17/2012 @ 100
2.175
60636WKV6
Aa2
75
TUCSON AZ REF BOOK-ENTRY LTGO
7/1/2019
4.250
112.795
1.250
AA-Callable 7/16/2012 @ 100
2.355
NATL-RE898711M45
Aa2
170
LEMONT IL UTGO BQ
1/1/2020
3.000
105.397
2.250
NR
525678JF6
NR
165
GENOA CITY WI WTR SYS REV BQ
5/1/2020
2.500
100.978
2.300
NRCallable 5/17/2012 @ 100
2.368
372359BY4
Aa2
55
ALASKA ST MUNI BOND BANK AUTH SER 1
6/1/2020
4.250
111.444
1.500
AACallable 6/16/2012 @ 100
2.703
NATL-RE GO01179PPN1
Aaa
50
FRISCO TX INDEP SCH DIST SCH UTGO
8/15/2020
6.000
126.429
1.700
Callable 8/18/2012 @ 100
2.532
PSF-GTD3588024C7
Aaa
150
MAINE ST MUNI BOND BANK SWR & WTR
11/1/2020
4.250
111.481
1.100
AAACallable 11/15/2012 @ 100
2.761
560462JP9
50
STATE COLLEGE BORO PA BE UTGO BQ
11/15/2020
3.150
105.015
1.300
AACallable 11/14/2012 @ 100
2.509
856647HS4
Aa1
50
CINCINNATI OH VAR PURP-SER A UTGO
12/1/2020
5.000
114.324
1.150
AA+Callable 12/15/2012 @ 100
3.127
1722165W9
A1
545
KANKAKEE IROQUOIS & FORD CNTYS IL BQ
12/1/2020
4.000
111.197
1.000
NRCallable 12/15/2012 @ 100
2.572
XLCA484494DE6
Aa2
180
LEMONT IL UTGO BQ
1/1/2021
3.000
104.371
2.450
NR
525678JG4
NR
445
JERSEYVILLE IL UT GO
12/1/2021
3.000
101.7
2.800
A+
476790AJ9
Aaa
50
SHAKER HEIGHTS OH CITY SCH DIST UTGO
12/15/2021
4.000
112.908
1.250
AA+Callable 12/16/2012 @ 100
2.513
NATL-RE FG819071MU2
Aa2
135
LEMONT IL UTGO BQ
1/1/2022
3.000
103.157
2.600
NRCallable 1/21/2012 @ 100
2.635
525678JH2
Aa1
20
CLARK CNTY NV BOND BK BOOK-EN LTGO
11/1/2022
5.000
112.271
2.250
AA+Callable 11/16/2012 @ 100
3.610
AMBAC180847U60
Aa2
100
LEMONT IL UTGO BQ
1/1/2023
3.500
105.477
2.800
NRCallable 1/21/2012 @ 100
2.910
525678JJ8
Aa2
55
ARCADIA CA UNIF SCH DIST CAP UTGO
8/1/2024
0.000
58.228
3.750
AA-Callable 2/17/2012 @ 70.064
4.380
AGM039069DY2
Aa2
110
COOK & DU PAGE CNTYS IL HSD 210
1/1/2026
5.000
110.4
2.200
NRCallable 1/16/2012 @ 100
4.016
NATL-RE213039DC1
NR
200
JERSEYVILLE IL ALT REVENUE SOURCE
12/1/2027
3.500
100
3.500
A+Callable 12/21/2012 @ 100
3.500
476790AN0
Aa2
160
LEMONT IL UTGO BQ
1/1/2030
4.000
99.996
4.000
NRCallable 1/21/2012 @ 100
525678JR0
Aa2
150
LEMONT IL UTGO BQ **AON** BQ
1/1/2032
4.000
99.318
4.050
NRCallable 1/21/2012 @ 100
525678JT6
*Tax-Free Offerings are free from current Federal income taxes only. Income may be subject to alternative minimum tax.
AMBAC, MBIA, XLCA, FGIC and CIFG are on credit watch for possible downgrade.
Taxable Offerings
Rating Quantity Description Maturity Date Coupon Price YTC/YTM
Baa2
340
MELROSE PARK IL TAXABLE BOOK-EN UTGO
12/15/2016
5.300
109.601
3.150
BBB
NATL-RE585650LH5
Baa2
100
MELROSE PARK IL TAXABLE BOOK-EN UTGO
12/15/2017
5.350
109.118
3.300
BBBCallable 12/16/2012 @ 100
NATL-RE585650LJ1
NR
60
WAYNE CNTY IL SD 112 TAXABLE BABS
12/1/2030
6.000
108.908
4.750
A+Callable 12/20/2012 @ 100
944431BQ7
*-Securities are under negative review.
Bonds rated as NR are Non-Rated.
Quantity is measured in thousands.
Yield to Call (YTC) and Yield to Maturity (YTM) are represented in percentages.
All bonds offered on a yield basis; prices are approximate.

May lose principal • Not FDIC insured • Not appropriate for all investors

Past performance does not guarantee future returns

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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 the 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 the 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.

Securities listed as tax-free are free from federal income taxes. State and local income taxes may apply. Please consult with your tax advisor. Taxable equivalency yields are based upon the 35% tax bracket. Securities offered may be subject to the Alternative Minimum Tax.

This text is a current opinion and is subject to change at anytime. This information is taken from sources we believe to be reliable, but we cannot guarantee. Nothing in this document represents a recommendation of any particular strategy, security or investment product. This information is distributed for educational purposes only.

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