Results of competitive sales: 09/16/2025

IOWA

Sioux Center (City)

Sep 15, 2025 $5,000,000

General Obligation Capital Loan Notes, Series 2025A (bank qualified) (book entry).

Dated Oct 15, 2025.

Due Jun 1, 2027 to 2041.

Callable Jun 1, 2032 at par.

Winning bid: BOK Fin Secs, at 104.0995, TIC 3.6288%.

Other managers: Stifel, Nicolaus & Co., Inc..

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Sandler & Co, Des Moines, IA.

Other bidders were:

D.A. Davidson, TIC 3.6367%

Baird, TIC 3.6546%

Hilltop Securities, TIC 3.6878%

Northland Securities, TIC 3.6928%

MASSACHUSETTS

Otis Town

Sep 9, 2025 $450,000

Bond Anticipation Notes (bank qualified).

Dated Sep 22, 2025.

Due Sep 22, 2026.

Purchased $450,000.00 by Oppenheimer, at 3.875%, plus $50.00, effective rate 3.8639%.

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.

Other bidders were:

Easthampton Svgs Bk, Effective Rate 4.15%

UniBank Fiscal Adv, Effective Rate 4.15%

Adams Comm Bank, Effective Rate 4.5%

MICHIGAN

Lake Linden-Hubbell Public Schools

Sep 15, 2025 $3,845,000

2025 School Building and Site Bonds, Series I (General Obligation - Unlimited Tax) (Michigan School Bond Qualification and Loan Program) (bank qualified) (book entry).

Dated Oct 15, 2025.

Due May 1, 2029 to 2040.

Callable May 1, 2035 at par.

Winning bid: Baird, at 106.5712, TIC 3.6599%.

Other managers: CL King & Associates, Fidelity Capital Markets, Edward Jones, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, Midland Securities Ltd, First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, Mountainside Securities LLC, Caldwell Sutter Capital, Inc..

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.

Other bidders were:

Bernardi Securities, TIC 3.7429%

StoneX Fin Inc., TIC 3.7529%

Huntington Secs, TIC 3.7697%

Stifel Nicolaus, TIC 3.8305%

NEW YORK

Glenville Hill Fire District No. 8

Sep 15, 2025 $4,475,000

General Obligations Bond Anticipation Notes, 2025 (Renewals) (bank qualified).

Dated Sep 25, 2025.

Due Sep 25, 2026.

Purchased $4,475,000.00 by Piper Sandler, at 4.0%, plus $24,030.75, effective rate 3.463%.

L.O.: Hodgson, Russ LLP, Albany, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Bank of Greene Co, Effective Rate 3.49%

Arrow Bank, Effective Rate 3.85%

Oppenheimer, Effective Rate 4.332%

Johnson City Village

Sep 15, 2025 $2,472,000

General Obligations Public Improvement (Serial) Bonds, 2025.

Dated Sep 25, 2025.

Due Jul 15, 2026 to 2045.

Callable Jul 15, 2033 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 3.7839%.

Other managers: Stifel, Nicolaus & Co., Inc., Intercoastal Capital Markets, Inc., R. Seelaus & Co., Inc., CINCaP Investment Group, TRB Capital Markets, LLC.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Baird, NIC 3.9007%

Johnson City Village

Sep 15, 2025 $27,534,092

General Obligations Bond Anticipation Notes, 2025 Series D (Renewals).

Dated Sep 25, 2025.

Due Jun 18, 2026.

Purchased $27,534,092.00 by TD Securities, at 4.0%, plus $118,396.60, effective rate 3.4114%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Piper Sandler, Effective Rate 3.4357%

BNY Mellon Cap Mkts, Effective Rate 3.47%

Oppenheimer, Effective Rate 4.7308%

Vestal Central School District

Sep 15, 2025 $3,471,580

General Obligations Bond Anticipation Notes, 2025 Series B.

Dated Sep 25, 2025.

Due Sep 25, 2026.

Purchased $3,471,580.00 by TD Securities, at 4.0%, plus $40,409.19, effective rate 2.836%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Piper Sandler, Effective Rate 2.869%

Oppenheimer, Effective Rate 3.4549%

Bank of Greene Co, Effective Rate 4.11%

TEXAS

Harris County Municipal Utility District No. 489

Sep 15, 2025 $2,600,000

Unlimited Tax Park Bonds, Series 2025A (book entry).

Dated Oct 1, 2025.

Due Mar 1, 2029 to 2051.

Callable Mar 1, 2032 at par.

Winning bid: Baird, at 97.0795, NIC 4.4763%.

Other managers: CL King & Associates, Edward Jones, Northland Securities, Inc., Bernardi Securities, Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, The Baker Group, Middlegate Securities, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

Crews & Associates, NIC 4.6084%

Raymond James, NIC 4.6128%

SAMCO Cap Mkts, NIC 4.6582%

Hilltop Securities, NIC 4.7008%

Harris County Municipal Utility District No. 489

Sep 15, 2025 $5,595,000

Unlimited Tax Road Bonds, Series 2025 (book entry).

Dated Oct 1, 2025.

Due Mar 1, 2029 to 2051.

Callable Mar 1, 2032 at par.

Winning bid: Baird, at 97.0000, NIC 4.484%.

Other managers: CL King & Associates, Edward Jones, SouthState | DuncanWilliams Securities Corp., Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, The Baker Group, Middlegate Securities, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

Raymond James, NIC 4.577%

Crews & Associates, NIC 4.6218%

SAMCO Cap Mkts, NIC 4.6475%

Hilltop Securities, NIC 4.6671%

Harris County Municipal Utility District No. 489

Sep 15, 2025 $6,220,000

Unlimited Tax Bonds, Series 2025 (book entry).

Dated Oct 1, 2025.

Due Mar 1, 2029 to 2051.

Callable Mar 1, 2032 at par.

Winning bid: Baird, at 97.0000, NIC 4.4841%.

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

SWBC Investment Svcs, NIC 4.4987%

Raymond James, NIC 4.5793%

Crews & Associates, NIC 4.624%

SAMCO Cap Mkts, NIC 4.6496%

Hilltop Securities, NIC 4.658%

Wayside Municipal Utility District of Hays County

Sep 15, 2025 $4,750,000

Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).

Dated Oct 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2031 at par.

Winning bid: Baird, at 97.0000, NIC 4.7589%.

Other managers: CL King & Associates, Midland Securities Ltd, Multi-Bank Securities Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Northland Securities, Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, Caldwell Sutter Capital, Inc..

L.O.: McLean & Howard L.L.P., Austin, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Austin, TX; and Masterson Advisors LLC, Houston, TX.

Other bidders were:

RBC Capital Mkts, NIC 4.7949%

Fidelity Capital, NIC 4.8264%

Raymond James, NIC 4.8327%

Crews & Associates, NIC 4.8724%

Hilltop Securities, NIC 4.8821%

SAMCO Cap Mkts, NIC 4.8845%

Williamson County Municipal Utility District No. 23

Sep 15, 2025 $16,295,000

Unlimited Tax Road Bonds, Series 2025 (book entry).

Dated Oct 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Oct 1, 2031 at par.

Winning bid: Raymond James, at 97.8072, NIC 4.5543%.

Other managers: Fidelity Capital Markets.

L.O.: Sanford Kuhl Hagen Kugle Parker Kahn LLP, Houston, TX; and State Attorney General.

F.A.: Baird, Houston, TX.

Other bidders were:

Northland Securities, NIC 4.557%

Hilltop Securities, NIC 4.6472%

SAMCO Cap Mkts, NIC 4.6666%