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

Insurer Cust Ofr Description Call 1 CUSIP Mat Dt Cpn Price Yield YTM Taxable
730 OAK RIDGE TN REF UTGO 671783UY2 6/1/2022 5.000 110.834 0.950 n
620 OAK RIDGE TN REF UTGO 671783UZ9 6/1/2023 5.000 114.754 0.950 n
390 OAK RIDGE TN REF UTGO 671783VA3 6/1/2024 5.000 118.585 0.960 n
65 BARABOO WI REF-SER A UTGO BQ Callable 4/1/2020 @ 100 067023QY0 4/1/2025 2.550 100.920 1.000 2.373 n
1095 OAK RIDGE TN REF UTGO 671783VC9 6/1/2026 5.000 125.550 1.050 n
25 CELINA TX CTFS OBLIG LTGO 151141WM6 9/1/2026 4.000 118.519 1.220 n
720 MIDLOTHIAN TX  LTGO 597834G53 2/1/2027 4.000 119.002 1.300 n
1135 OAK RIDGE TN REF UTGO 671783VD7 6/1/2027 5.000 128.519 1.130 n
BAM 35 LAKE MILLS WI SWR -LIGHT -WTR REV BQ 510221GX6 5/1/2028 4.000 0.000 0.000 n
2500 OAK RIDGE TN REF UTGO 671783VE5 6/1/2028 5.000 131.358 1.200 n
BAM 50 FORT BEND CNTY TX MUD 134B  UT GO Callable 9/1/2024 @ 100 34683LHG4 9/1/2028 2.000 100.000 2.000 2.000 n
1620 OAK RIDGE TN REF UTGO Callable 6/1/2028 @ 100 671783VF2 6/1/2029 4.000 122.180 1.300 1.534 n
BAM 415 MARSHFIELD WI REF-SER A UTGO Callable 3/1/2027 @ 100 5728523D1 3/1/2030 2.000 100.000 2.000 2.000 n
560 HUNTSVILLE TX  LTGO Callable 8/15/2028 @ 100 447258QA5 8/15/2030 3.000 110.740 1.700 1.908 n
1215 CELINA TX CTFS OBLIG LTGO Callable 9/1/2028 @ 100 151141WR5 9/1/2030 3.000 110.334 1.750 1.949 n
820 WICHITA KS SER A UTGO Callable 10/1/2027 @ 100 967245PU9 10/1/2030 3.000 110.520 1.600 1.937 n
130 CLAYTON OH  LTGO BQ Callable 12/1/2025 @ 100 184392CW6 12/1/2030 4.000 114.569 1.550 2.507 n
BAM 10 SAINT CLAIRSVILLE OH REF BQ Callable 12/1/2025 @ 100 789075EZ7 12/1/2030 3.000 107.383 1.750 2.254 n
650 MIDLOTHIAN TX  LTGO Callable 2/1/2028 @ 100 597834G95 2/1/2031 2.000 100.000 2.000 2.000 n
1555 CELINA TX CTFS OBLIG LTGO Callable 9/1/2028 @ 100 151141WS3 9/1/2031 2.000 100.000 2.000 2.000 n
2095 OAK RIDGE TN REF UTGO Callable 6/1/2028 @ 100 671783VJ4 6/1/2032 2.000 100.000 2.000 2.000 n
815 CELINA TX CTFS OBLIG LTGO Callable 9/1/2028 @ 100 151141WT1 9/1/2032 2.000 99.094 2.080 n
2605 WICHITA KS SER A UTGO Callable 10/1/2027 @ 100 967245PW5 10/1/2032 2.000 100.000 2.000 2.000 n
15 TACOMA WA REF-SER A Callable 12/1/2025 @ 100 873465ZU5 12/1/2032 3.250 108.242 1.850 2.515 n
395 WESTLAKE OH  LTGO Callable 12/1/2026 @ 100 960453H68 12/1/2032 2.000 100.000 2.000 2.000 n
BAM 50 SIENNA PLANTATION TX MUD #10 BQ Callable 4/1/2025 @ 100 82620XNS0 4/1/2033 2.375 99.000 2.462 n
655 OAK RIDGE TN REF UTGO Callable 6/1/2028 @ 100 671783VK1 6/1/2033 2.000 98.812 2.100 n
595 WICHITA KS SER A UTGO Callable 10/1/2027 @ 100 967245PX3 10/1/2033 2.000 99.392 2.050 n
25 EAST LYME CT REF UTGO Callable 7/15/2027 @ 100 273587H57 7/15/2035 3.000 104.285 2.400 2.667 n
540 MIDLOTHIAN TX  LTGO Callable 2/1/2028 @ 100 597834H86 2/1/2038 2.375 98.893 2.450 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

Insurer Cust Ofr Description Call 1 CUSIP Mat Dt Cpn Price Yield YTM Taxable
170 WATERLOO IA TAXABLE UTGO URBAN Callable 6/1/2025 @ 100 941647UR8 6/1/2028 2.600 103.249 2.000 2.190 y
500 PALM BEACH CNTY FL PUB IMP TAXALBE Callable 12/1/2025 @ 100 696543QE0 12/1/2029 3.916 110.604 2.100 2.724 y
75 HOUSTON TX UTILITY SYS REV TAXABLE Callable 11/15/2028 @ 100 44244CTP2 11/15/2030 3.923 113.856 2.250 2.499 y
450 LITTLE MIAMI OH LOCAL SCH DIST TXBL Callable 12/1/2026 @ 100 537292LG7 12/1/2031 3.410 108.079 2.200 2.635 y
830 MICHIGAN ST TAXABLE UTGO Callable 5/15/2023 @ 100 594612BK8 5/15/2033 3.800 106.233 2.050 3.234 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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