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($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
30 GREEN BAY WI UTGO 3926412G0 4/1/2021 2.000 99.663 2.150 n
400 HILBERT WI SCH DIST REF UTGO BQ 431300DR0 4/1/2021 4.000 104.233 2.050 n
190 DERBY KS SER A UTGO 249776AY1 12/1/2021 3.000 102.720 2.050 n
400 HILBERT WI SCH DIST REF UT GO BQ 431300DS8 4/1/2022 4.000 105.906 2.100 n
10 GEORGIA ST REF-SER J-1 UTGO Callable 7/1/2021 @ 100 373384WQ5 7/1/2022 4.500 106.184 2.000 2.662 n
25 BLOOMINGTON IL SER 2013C UTGO BQ Callable 12/1/2021 @ 100 094491RS8 12/1/2022 3.000 101.851 2.350 2.507 n
AGM-CR FGI 15 FRANKLIN IN CMNTY MULTI-SCH BLDG Callable 1/15/2023 @ 100 353590GQ9 7/15/2023 5.000 110.490 2.297 2.562 n
50 KENOSHA CNTY WI PROMI NTS- UTGO Callable 9/1/2022 @ 100 489782Y89 9/1/2024 3.000 102.119 2.400 2.598 n
SD CRED PR 50 LUVERNE MN INDEP SCH DIST #2184 UTGO 550664CU8 2/1/2025 5.000 115.360 2.300 n
SD CRED PR 125 NEW LONDON SPICER MN UTGO 646666LS4 2/1/2025 5.000 115.051 2.350 n
Q-SBLF 150 CONSTANTINE MI PUBLIC SCHS UT GO BQ Callable 5/1/2021 @ 100 210345FF6 5/1/2025 3.500 102.765 2.300 3.020 n
ST AID WIT 25 MEDFORD MA LIMITED TAX GO Callable 9/1/2023 @ 100 584190RG9 9/1/2025 3.250 103.540 2.450 2.670 n
PSF-GTD 60 FORT BEND TX INDEP SCH DIST UTGO 346843MA0 2/15/2027 5.000 117.967 2.550 n
50 PHOENIX AZ CIVIC IMPT CORP EXCISE 71884AZT9 7/1/2027 5.000 119.136 2.500 n
55 GRANT CNTY WA PUBLIC UTIL DIST #2 Callable 7/1/2022 @ 100 387883SN2 1/1/2028 5.000 108.795 2.400 3.840 n
BAM 25 ROUND LAKE IL SSA#-3-4 REF SPL TAX Callable 3/1/2027 @ 100 77915CAL9 3/1/2028 3.600 99.996 3.600 n
PSF-GTD 60 GEORGETOWN TX INDEP SCH DIST UTGO Callable 8/15/2027 @ 100 373046VT5 8/15/2028 5.000 117.673 2.700 2.892 n
AGM 370 LA SALLE & LIVINGSTON CO IL UTGO BQ 504318DY9 12/1/2028 4.000 106.329 3.250 n
260 ENNIS TX CTFS OBLIG LTGO Callable 2/1/2028 @ 100 293425D68 2/1/2029 3.000 100.000 3.000 3.000 n
AGM 25 FORT BEND CNTY TX LID #7 UTGO Callable 3/1/2024 @ 100 346789NX4 3/1/2029 3.375 100.353 3.300 3.334 n
45 ARIZONA ST TRANSPRTN BRD HIGHWAY Callable 7/1/2022 @ 100 040654XN0 7/1/2029 5.000 109.331 2.250 3.912 n
100 FLORIDA ST BRD OF GOVERNORS Callable 7/1/2027 @ 100 341583CW0 7/1/2029 4.000 109.465 2.750 2.949 n
75 REDWOOD CITY CA SCH DIST UTGO Callable 8/1/2026 @ 100 757889CE8 8/1/2029 4.000 108.910 2.700 3.014 n
105 SUGAR LAND TX WTRWKS & SWR REV Callable 8/15/2028 @ 100 864881RZ2 8/15/2029 3.000 100.000 3.000 3.000 n
BAM 30 FORT BEND CNTY TX MUD 133 UTGO Callable 9/1/2024 @ 100 34683CLZ7 9/1/2029 3.500 101.028 3.300 3.384 n
AGM 150 DELTONA FL UTILITY SYS REVENUE REF Callable 10/1/2023 @ 100 247888BZ2 10/1/2029 5.250 112.362 2.500 3.840 n
55 NORFOLK VA WTR REVENUE Callable 11/1/2027 @ 100 656009NC7 11/1/2029 5.000 118.924 2.600 2.954 n
50 WAVERLY IA MUNI ELEC UTILITY REV Callable 12/1/2025 @ 100 943659CU4 12/1/2029 3.100 100.000 3.100 3.100 n
375 ENNIS TX CTFS OBLIG LTGO Callable 2/1/2028 @ 100 293425D76 2/1/2030 3.000 99.066 3.100 n
20 ARGYLE TX REF LTGO BQ Callable 2/15/2028 @ 100 040317DC0 2/15/2030 3.000 99.063 3.100 n
50 STARK CNTY OH LIMITED TAX GO Callable 12/1/2023 @ 100 855345YL2 12/1/2030 4.000 104.569 3.000 3.528 n
130 WAVERLY IA MUNI ELEC UTILITY REV Callable 12/1/2025 @ 100 943659CV2 12/1/2030 3.200 100.000 3.200 3.200 n
255 ENNIS TX CTFS OBLIG LTGO Callable 2/1/2028 @ 100 293425D84 2/1/2031 3.125 99.251 3.200 n
200 UTAH ST TRANSIT AUTH SALES TAX Callable 6/15/2025 @ 100 917567AT6 6/15/2031 5.000 113.958 2.650 3.604 n
440 SUGAR LAND TX WTRWKS & SWR REV Callable 8/15/2028 @ 100 864881SB4 8/15/2031 3.125 99.225 3.200 n
170 MARYLAND ST NATIONAL CAPITAL UTGO Callable 11/1/2028 @ 100 5741574H3 11/1/2031 4.000 108.495 3.000 3.190 n
325 GENEVA IL PUBLIC LIBRARY DIST UTGO Callable 12/30/2028 @ 100 372087CA2 12/30/2031 3.500 99.999 3.500 3.500 n
435 ENNIS TX CTFS OBLIG LTGO Callable 2/1/2028 @ 100 293425D92 2/1/2032 3.250 99.470 3.300 n
50 ARIZONA BRD OF RGTS ST UNIV SYS Callable 7/1/2027 @ 100 04048RSW7 7/1/2032 5.000 116.210 2.850 3.488 n
100 GUILFORD CT UTGO Callable 8/1/2019 @ 100 401766UD0 8/1/2032 3.250 98.910 3.350 n
115 NORWICH CT UTGO BQ Callable 8/1/2024 @ 100 669402ZG7 8/1/2032 4.000 104.353 3.150 3.593 n
715 SUGAR LAND TX WTRWKS & SWR REV Callable 8/15/2028 @ 100 864881SC2 8/15/2032 3.250 99.453 3.300 n
ST AID WIT 55 DENVER CITY & CNTY CO UTGO Callable 12/1/2026 @ 100 249174VL4 12/1/2032 5.000 115.998 2.750 3.538 n
ST INTERCE 35 ANDERSON IN SCH BLDG CORP REV Callable 1/15/2026 @ 100 033896LY5 7/15/2033 3.750 100.617 3.650 3.695 n
595 SUGAR LAND TX WTRWKS & SWR REV Callable 8/15/2028 @ 100 864881SD0 8/15/2033 3.250 98.282 3.400 n
100 SCOTTSDALE AZ MUNI PROPERTY CORP Callable 7/1/2031 @ 100 810489JU9 7/1/2034 5.000 119.888 3.077 3.349 n
575 ROLLING MEADOWS IL UTGO BQ Callable 12/15/2027 @ 100 775694KQ4 12/15/2034 4.000 104.063 3.470 3.662 n
35 NEW HAVEN CA USD UT GO Callable 8/1/2025 @ 100 645002ZV1 8/1/2035 3.500 97.772 3.680 n
50 E SIDE CA UNION HIGH SCH DIST UTGO Callable 8/1/2026 @ 100 275282MP3 8/1/2037 3.000 89.384 3.800 n
BAM 50 JEFFERSON CA USD UT GO Callable 8/1/2026 @ 100 472466T92 8/1/2038 3.500 96.544 3.750 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

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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