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
AGM 90 HARVARD IL SER B UTGO BQ 417416JG0 1/1/2025 3.000 109.867 0.700 n
MAC 25 MCHENRY & BOONE COS IL CUSD UTGO BQ 580764LH9 11/1/2027 3.000 113.900 1.000 n
CNTY GTD 400 NEMOKA DRAIN DRAINAGE DIST MI LT BQ 64045EAH5 5/1/2028 2.000 108.577 0.850 n
25 IOWA VLY IA CMNTY CLG DIST UTGO Callable 6/1/2026 @ 100 462598CW1 6/1/2028 2.000 107.087 0.750 1.052 n
CNTY GTD 400 NEMOKA DRAIN DRAINAGE DIST MI LT BQ 64045EAJ1 5/1/2029 2.000 108.768 0.950 n
Q-SBLF 635 PORTLAND MI PUBLIC SCHS UTGO BQ Callable 5/1/2026 @ 100 736627KL3 5/1/2029 4.000 118.786 0.650 1.676 n
AGM 15 HARRIS CNTY TX MUNI UTIL DIST#1 UTGO Callable 9/1/2025 @ 100 414199QC6 9/1/2029 3.000 109.835 1.000 1.817 n
BAM 25 HARRIS CNTY TX MUD #82 UTGO Callable 10/1/2025 @ 100 414915PB8 10/1/2029 2.000 104.446 1.100 1.476 n
CNTY GTD 400 NEMOKA DRAIN DRAINAGE DIST MI LT BQ 64045EAK8 5/1/2030 2.000 108.757 1.050 n
50 SAN MATEO CA SWR REVENUE SER A Callable 8/1/2024 @ 100 799016FE5 8/1/2030 3.200 110.605 0.500 2.020 n
CNTY GTD 300 NEMOKA DRAIN DRAINAGE DIST MI LT BQ Callable 5/1/2030 @ 100 64045EAL6 5/1/2031 2.000 108.276 1.100 1.176 n
AGM 20 PALM BAY FL  UTGO Callable 7/1/2029 @ 100 696463AX6 7/1/2031 3.000 114.678 1.250 1.531 n
25 LINDSTROM MN SER A UTGO BQ Callable 2/1/2030 @ 100 535647NT4 2/1/2032 2.000 108.070 1.100 1.243 n
CNTY GTD 400 NEMOKA DRAIN DRAINAGE DIST MI LT BQ Callable 5/1/2030 @ 100 64045EAM4 5/1/2032 2.000 107.796 1.150 1.282 n
ST INTERCE 25 HANOVER IN MIDDLE SCH BLDG CORP REV Callable 7/15/2030 @ 100 41084UFD3 7/15/2033 3.000 114.773 1.400 1.720 n
420 KITSAP CNTY WA REF LTGO BQ Callable 12/1/2030 @ 100 4980353S1 12/1/2033 1.200 100.000 1.200 1.200 n
425 KITSAP CNTY WA REF LTGO BQ Callable 12/1/2030 @ 100 4980353T9 12/1/2034 1.300 100.000 1.300 1.300 n
430 KITSAP CNTY WA REF LTGO BQ Callable 12/1/2030 @ 100 4980353U6 12/1/2035 1.350 100.000 1.350 1.350 n
ST INTERCE 120 BOONVILLE IN PARK DIST  UTGO Callable 7/1/2030 @ 100 09933PBG1 7/1/2036 2.000 101.346 1.850 1.901 n
ST INTERCE 50 BOONVILLE IN PARK DIST  UTGO Callable 7/1/2030 @ 100 09933PBK2 1/1/2038 2.000 100.000 2.000 2.000 n
135 PUTNAM CT  UTGO Callable 2/1/2028 @ 100 746452JH5 2/1/2038 2.000 100.000 2.000 2.000 n
ST INTERCE 20 BOONVILLE IN PARK DIST  UTGO Callable 7/1/2030 @ 100 09933PBP1 1/1/2040 2.000 98.414 2.100 n
AGM 140 FORT BEND CNTY TX MUD #142 UTGO 34681WWE0 9/1/2043 2.375 99.559 2.400 n
285 LOUISVILLE & JEFFERSON CNTY KY Callable 5/15/2028 @ 100 546589N73 5/15/2044 2.250 99.500 2.277 n
200 ESCAMBIA CNTY FL SALES TAX REVENUE Callable 10/1/2027 @ 100 296136FW9 10/1/2046 5.000 123.609 1.500 3.599 n
AGM 170 FORT BEND CNTY TX MUD #142 UTGO Callable 9/1/2025 @ 100 34681WWM2 9/1/2050 2.500 100.000 2.500 2.500 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
65 ANTELOPE VLY CA TAXABLE UTGO CCD 03667PFY3 8/1/2029 2.168 106.454 1.400 y
160 OHIO UNIV GEN RECPTS TAXABLE Callable 12/1/2029 @ 100 677704F78 12/1/2037 2.550 101.242 2.400 2.461 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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