Results of negotiated sales: 10/06/2025

ALABAMA

Summerdale (Town)

Oct 3, 2025 $3,105,000

General Obligation Warrants, Series 2025 (G) (bank qualified) (book entry)

Dated Oct 16, 2025. Interest accrues Oct 16, 2025.

Due Aug 1, 2027 to 2055.

First coupon Feb 1, 2026.

2036-2055 Callable Aug 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Maynard Nexsen PC, Birmingham, AL.

ARIZONA

Arizona Industrial Development Authority

Oct 1, 2025 $18,460,000

Education Revenue Bonds, Series 2025A (Academies of Math and Science Projects) (Mandatory Put Date: 07/01/2035) (R) (book entry) $18,085,000.

Dated Oct 14, 2025. Interest accrues Oct 14, 2025.

Due Jul 1, 2055 to 2060.

First coupon Jan 1, 2026.

2055-2060 Callable Jul 1, 2030 at par.

Purchased through negotiation by HJ Sims & Co., as follows:

L.O.: Squire Patton Boggs (US) LLP, Phoenix, AZ.

CALIFORNIA

California Municipal Finance Authority

Oct 3, 2025 $11,560,000

Special Tax Bonds, Series 2025 (Improvement Area No. 2) (Community Facilities District No. 2023-5 (County of Sacramento - The Gap)) (R) (book entry)

Dated Oct 16, 2025.

Due Sep 1, 2027 to 2055.

First coupon Mar 1, 2026.

2033-2055 Callable Sep 1, 2032 at 103.000%, declining to par Sep 1, 2032.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Jones Hall LLP, San Mateo, CA.

Riverside County

Oct 2, 2025 $148,165,000

Teeter Plan Obligation Notes, 2025 Series A (R) (book entry)

Dated Oct 16, 2025.

Due Oct 16, 2026.

First coupon Oct 16, 2026.

Non-callable.

Purchased through negotiation by Loop Capital Markets, LLC, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: Columbia Capital Management, LLC, Carlsbad, CA.

California Housing Finance Agency

Oct 2, 2025 $33,765,000

Limited Obligation Multifamily Housing Revenue Bonds, 2025 Issue II (Foothill Family Apartments) (Cash Collateralized) (Mandatory Tender Date: 05/01/2028) (R) (book entry)

Dated Oct 15, 2025. Interest accrues Oct 15, 2025.

Due May 1, 2044.

First coupon May 1, 2026.

2044-2044 Callable Mar 1, 2027 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

California Municipal Finance Authority

Oct 3, 2025 $5,265,000

Special Tax Bonds, Series 2025 (Improvement Area No. 2) (Community Facilities District No. 2023-11 (City of Hesperia - Silverwood)) (R) (book entry)

Dated Oct 30, 2025.

Due Sep 1, 2029 to 2060.

First coupon Mar 1, 2026.

2033-2060 Callable Sep 1, 2032 at 103.000%, declining to par Sep 1, 2032.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Jones Hall LLP, San Mateo, CA.

ILLINOIS

Emmons School District No. 33

Oct 2, 2025 $2,740,000

General Obligation School Refunding Bonds, Series 2025 (Alternate Revenue Source) (L) (bank qualified) (book entry)

Dated Oct 21, 2025.

Due Dec 1, 2026 to 2038.

First coupon Jun 1, 2026.

2035-2038 Callable Dec 1, 2034 at par.

Purchased through negotiation by Bernardi Securities, Inc., as follows:

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Chicago, IL.

Norris City-Omaha-Enfield Community Unit School District No. 3

Oct 1, 2025 $3,045,000

General Obligation School Bonds, Series 2025 (G) (bank qualified) (book entry)

Dated Oct 8, 2025.

Due Dec 1, 2027 to 2045.

First coupon Dec 1, 2026.

2035-2045 Callable Dec 1, 2034 at par.

Purchased through negotiation by Bernardi Securities, Inc., as follows:

L.O.: Chapman and Cutler LLP, Chicago, IL.

INDIANA

Speedway Multi-School Building Corporation

Oct 2, 2025 $6,005,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (L) (bank qualified) (book entry)

Dated Oct 23, 2025.

Due Jul 15, 2026 to Jan 15, 2045.

First coupon Jul 15, 2026.

2036-2045 Callable Jul 15, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Ice Miller, Indianapolis, IN.

Lafayette School Corporation

Oct 2, 2025 $4,000,000

General Obligation Bonds, Series 2025 (Indiana State Aid Intercept Program) (G) (bank qualified) (book entry)

Dated Oct 30, 2025.

Due Jul 15, 2026 to 2031.

First coupon Jul 15, 2026.

Non-callable.

Purchased through negotiation by Mesirow Financial, Inc., as follows:

L.O.: Barnes & Thornburg LLP, Indianapolis, IN.

F.A.: Therber & Brock, Indianapolis, IN.

MICHIGAN

Michigan Housing Development Authority

Oct 2, 2025 $11,440,000

Multifamily Housing Revenue Bonds, Series 2025 (900 Tuscola at Midtown West) (Mandatory Tender Date: 11/01/2028) (R) (book entry)

Dated Oct 9, 2025. Interest accrues Oct 9, 2025.

Due Nov 1, 2029.

First coupon May 1, 2026.

2029-2029 Callable May 1, 2028 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Hawkins, Delafield & Wood, New York, NY.

NEW JERSEY

Bergen County Improvement Authority

Oct 1, 2025 $93,790,500

County Guaranteed Governmental Pooled Loan Project Notes Series, 2025B (R) (book entry)

Dated Oct 15, 2025.

Due Oct 14, 2026.

First coupon Oct 14, 2026.

Non-callable.

Purchased through negotiation by NW Capital a division of Windsor Financial Group, as follows:

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.

PENNSYLVANIA

Centennial School District

Oct 2, 2025 $22,115,000

General Obligation Bonds, Series A of 2025 (L) (book entry) $9,330,000.

Dated Nov 6, 2025. Interest accrues Nov 2, 2025.

Due Dec 15, 2025 to 2037.

First coupon Dec 15, 2025.

2034-2037 Callable Dec 15, 2033 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

General Obligation Bonds, Series B of 2025 (L) (book entry) $4,150,000.

Dated Nov 6, 2025.

Due Dec 15, 2025 to 2028.

First coupon Dec 15, 2025.

Non-callable.

General Obligation Bonds, Series C of 2025 (L) (book entry) $8,635,000.

Dated Nov 6, 2025.

Due Dec 15, 2025 to 2028.

First coupon Dec 15, 2025.

Non-callable.

L.O.: Eckert, Seamans, Cherin & Mellott, Philadelphia, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.

SOUTH DAKOTA

South Dakota Health and Educational Facilities Authority

Sep 30, 2025 $41,575,000

Revenue Bonds, Seris 2025A (Westhills Village Retirement Community Issue) (R) (book entry) $23,975,000.

Dated Oct 14, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2033-2055 Callable Sep 1, 2032 at 102.000% plus accrued interest.

Purchased through negotiation by Colliers Securities LLC, as follows:

Revenue Bonds, Seris 2025B-1 (Westhills Village Retirement Community Issue) (R) (book entry) $7,250,000.

Dated Oct 14, 2025.

Due Sep 1, 2033.

First coupon Mar 1, 2026.

2033-2033 Callable Mar 1, 2027 at par.

Revenue Bonds, Seris 2025B-2 (Westhills Village Retirement Community Issue) (R) (book entry) $10,350,000.

Dated Oct 14, 2025.

Due Sep 1, 2030.

First coupon Mar 1, 2026.

2030-2030 Callable Sep 1, 2026 at par.

L.O.: Perkins Coie, Chicago, IL.

TEXAS

Hays County

Oct 2, 2025 $186,820,000

Combination Tax and Revenue Certificates of Obligation, Series 2025 (L) (book entry)

Dated Oct 21, 2025. Interest accrues Oct 21, 2025.

Due Feb 15, 2026 to 2050.

First coupon Feb 15, 2026.

2036-2050 Callable Feb 15, 2035 at par.

Purchased through negotiation by Jefferies LLC, Cabrera Capital Markets, LLC, Estrada Hinojosa & Company, Inc., Raymond James & Associates, Inc., as follows:

L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Austin, TX.

TAXABLE ISSUES

ARIZONA

Arizona Industrial Development Authority

Oct 1, 2025 $18,460,000

Education Revenue Bonds, Series 2025B (Academies of Math and Science Projects) (R) (book entry) (Taxable) $375,000.

Dated Oct 14, 2025. Interest accrues Oct 14, 2025.

Due Jul 1, 2035.

First coupon Jan 1, 2026.

2035-2035 Callable Jul 1, 2030 at par.

Purchased through negotiation by HJ Sims & Co., as follows:

L.O.: Squire Patton Boggs (US) LLP, Phoenix, AZ.

CALIFORNIA

California Municipal Finance Authority

Oct 2, 2025 $36,120,000

Insured Revenue Bonds, Series 2025 A (Channing House) (Cal-Mortgage Loan Insurance) (R) (book entry) (Taxable) $18,045,000.

Dated Oct 16, 2025. Interest accrues Oct 16, 2025.

Due May 15, 2028 to 2055.

First coupon May 15, 2026.

2036-2055 Callable May 15, 2035 at par.

Purchased through negotiation by Ziegler Capital Markets Group, as follows:

Insured Revenue Bonds, Series 2025 B (Channing House) (Cal-Mortgage Loan Insurance) (Mandatory Paydown Securities) (R) (book entry) (Taxable) $18,075,000.

Dated Oct 16, 2025. Interest accrues Oct 16, 2025.

Due May 15, 2030.

First coupon May 15, 2026.

2030-2030 Callable May 15, 2026 at par.

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