ALABAMA

Mobile County

Nov 20, 2025 $27,535,000

General Obligation Improvement Warrants, Series 2025 (G) (book entry)

Dated Dec 11, 2025.

Due Feb 1, 2027 to 2046.

First coupon Feb 1, 2026.

2036-2046 Callable Feb 1, 2035 at par.

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

L.O.: Hand Arendall, L.L.C., Mobile, AL.

F.A.: PFM Financial Advisors LLC, Huntsville, AL.

Black Belt Energy Gas District

Nov 19, 2025 $529,305,000

Gas Project Revenue Bonds, 2025 Series C (Mandatory Put Date: 08/01/2034) (R) (book entry)

Dated Nov 26, 2025.

Due Aug 1, 2027 to Nov 1, 2056.

First coupon Feb 1, 2026.

2056-2056 Callable May 1, 2034 at 100.118% plus accrued interest.

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

L.O.: Butler Snow, LLP, Birmingham, AL.

F.A.: Municipal Capital Markets Group, Inc., Greenwood Village, CO.

ARKANSAS

West Memphis (City)

Nov 20, 2025 $20,480,000

Public Utility System Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 30, 2025. Interest accrues Dec 30, 2025.

Due Dec 1, 2026 to 2055.

First coupon Jun 1, 2026.

2033-2055 Callable Dec 1, 2032 at par.

Purchased through negotiation by Stephens Inc., Crews & Associates, Inc., as follows:

L.O.: Friday Eldredge & Clark, Little Rock, AR.

Hope (City)

Nov 18, 2025 $9,975,000

Public Utility System Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 30, 2025.

Due Apr 1, 2027 to 2046.

First coupon Oct 1, 2026.

2032-2046 Callable Apr 1, 2031 at par.

Purchased through negotiation by Stephens Inc., as follows:

L.O.: Friday Eldredge & Clark, Little Rock, AR.

CALIFORNIA

Oak Valley Hospital District

Nov 19, 2025 $21,215,000

2025 General Obligation Refunding Bonds (G) (book entry)

Dated Dec 10, 2025. Interest accrues Dec 10, 2025.

Due Jul 1, 2026 to 2034.

First coupon Jul 1, 2026.

Non-callable.

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

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.

California Statewide Communities Development Authority

Nov 19, 2025 $20,910,000

Statewide Community Infrastructure Program Revenue Bonds, Series 2025 C-1 (R) (book entry)

Dated Dec 10, 2025.

Due Sep 2, 2027 to 2055.

First coupon Mar 2, 2026.

2036-2055 Callable Sep 2, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Orrick, Herrington & Sutcliffe, Sacramento, CA.

Mount Pleasant Elementary School District

Nov 19, 2025 $25,000,000

Election of 2024 General Obligation Bonds, Series A (Measure S) (G) (book entry) $12,500,000.

Dated Dec 10, 2025.

Due Aug 1, 2034 to 2055.

First coupon Feb 1, 2026.

2036-2055 Callable Aug 1, 2035 at par.

Purchased through negotiation by Cabrera Capital Markets, LLC, as follows:

Election of 2024 General Obligation Bonds, Series A (Measure T) (G) (book entry) $12,500,000.

Dated Dec 10, 2025.

Due Aug 1, 2027 to 2050.

First coupon Feb 1, 2026.

2036-2050 Callable Aug 1, 2035 at par.

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Dale Scott Co., San Francisco, CA.

Jurupa Community Services District Community Facilities District No. 59 (Eastwalk)

Nov 19, 2025 $18,535,000

Special Tax Bonds, 2025 Series A (Improvement Area A) (R) (book entry)

Dated Dec 4, 2025.

Due Sep 1, 2026 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 Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Best, Best & Krieger LLP, Riverside, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.

COLORADO

2000 Holly Metropolitan District (City and County of Denver)

Nov 20, 2025 $5,930,000

Limited Tax General Obligation Refunding Bonds, Series 2025 (L) (bank qualified) (book entry)

Dated Nov 26, 2025.

Due Dec 1, 2026 to 2059.

First coupon Jun 1, 2026.

2031-2059 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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

L.O.: Kline Alvarado Veio, P.C., Denver, CO.

FLORIDA

Florida Housing Finance Corporation

Nov 20, 2025 $30,000,000

Multifamily Mortgage Revenue Bonds, 2025 Series X-1 (Fannie Mae Mbs Secured) (Ninth Street Apartments) (R) (book entry) $16,280,000.

Dated Nov 25, 2025. Interest accrues Nov 25, 2025.

Due Jan 1, 2044.

First coupon Jul 1, 2026.

Non-callable.

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

Multifamily Housing Mortgage Revenue Bonds, Series 2025X-2 (Fannie Mae Mbs Secured) (Ninth Street Apartments) (Mandatory Tender Date: 12/01/2028) (R) (book entry) $13,720,000.

Dated Nov 25, 2025. Interest accrues Nov 25, 2025.

Due Dec 1, 2029.

First coupon Jun 1, 2026.

2029-2029 Callable Jun 1, 2028 at par.

L.O.: Kutak Rock, Omaha, NE.

HAWAII

Hawaii Housing Finance and Development Corporation

Nov 19, 2025 $30,000,000

Hale Kamaaina Single Family Mortgage Purchase Revenue Bonds, 2025 Series A (R) (book entry)

Dated Dec 17, 2025. Interest accrues Dec 17, 2025.

Due Jul 1, 2027 to 2056.

First coupon Jul 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., BofA Securities, Barclays Capital, as follows:

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

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

ILLINOIS

Bloomington School District Number 87

Nov 19, 2025 $24,415,000

General Obligation Bonds, Series 2025 (O) (book entry)

Dated Dec 11, 2025.

Due Dec 1, 2032 to 2036.

First coupon Jun 1, 2026.

2035-2036 Callable Dec 1, 2034 at par.

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

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

Sales Tax Securitization Corporation

Nov 20, 2025 $401,770,000

Sales Tax Securitization Bonds, Refundiing Series 2025A (X) (book entry) $207,830,000.

Dated Dec 4, 2025.

Due Jan 1, 2035 to 2046.

First coupon Jan 1, 2026.

2037-2046 Callable Jan 1, 2036 at par.

Purchased through negotiation by Goldman, Sachs & Co., RBC Capital Markets, Academy Securities Inc., Mesirow Financial, Inc., Oppenheimer & Co., Inc., Ramirez & Co., Inc., Siebert Williams Shank & Co., L.L.C, as follows:

Second Lien Sales Tax Securitization Bonds, Refunding Seires 2025A (X) (book entry) $193,940,000.

Dated Dec 4, 2025.

Due Jan 1, 2026 to 2045.

First coupon Jan 1, 2026.

2038-2045 Callable Jan 1, 2036 at par.

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

F.A.: PFM Financial Advisors LLC, Chicago, IL; and Public Resources Advisory Group, Los Angeles, CA.

La Salle-Peru Township High School District No. 120

Nov 20, 2025 $4,500,000

General Obligation (Limited Tax) Debt Certificates, Series 2025 (L) (book entry)

Dated Dec 16, 2025.

Due Dec 1, 2026 to 2028.

First coupon Dec 1, 2026.

Callable any time at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Bloomfield Hills, MI.

INDIANA

Westfield Washington Multi-School Building Corporation

Nov 19, 2025 $75,555,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 C (Indiana State Aid Intercept Program) (R) (book entry)

Dated Dec 18, 2025.

Due Jul 15, 2029 to Jan 15, 2045.

First coupon Jul 15, 2026.

2035-2045 Callable Jul 15, 2034 at par.

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

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

Westfield Washington Multi-School Building Corporation

Nov 19, 2025 $112,785,000

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

Dated Dec 18, 2025.

Due Jul 15, 2029 to Jan 15, 2045.

First coupon Jul 15, 2026.

2035-2045 Callable Jul 15, 2034 at par.

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

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

Westfield Washington Township Public Building Corporation

Nov 17, 2025 $7,900,000

Ad Valorem Property Tax Lease Rental Bonds, Series 2025 (R) (bank qualified) (book entry)

Dated Nov 25, 2025.

Due Jul 15, 2026 to Jan 15, 2045.

First coupon Jul 15, 2026.

2034-2045 Callable Jan 15, 2034 at par.

Privately placed by Baird, as follows:

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

F.A.: Bondry Consulting, Carmel, IN.

Northwestern Consolidated School Building Corporation

Nov 19, 2025 $6,130,000

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

Dated Dec 11, 2025.

Due Jul 15, 2027 to Jan 15, 2045.

First coupon Jan 15, 2027.

2035-2045 Callable Jul 15, 2034 at par.

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

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

LOUISIANA

East Baton Rouge Sewerage Commission

Nov 19, 2025 $123,205,000

Revenue Refunding Bonds, Series 2025A (R) (book entry)

Dated Dec 4, 2025.

Due Feb 1, 2027 to 2039.

First coupon Feb 1, 2026.

2036-2039 Callable Aug 1, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Butler Snow, LLP, Baton Rouge, LA.

F.A.: Government Consultants of Louisiana, Inc, Baton Rouge, LA.

Juban Crossing Economic Development District

Nov 19, 2025 $10,000,000

Subordinate Revenue Bonds, Series 2025A (Road Projects) (R) (book entry) $485,000.

Dated Dec 10, 2025.

Due Sep 15, 2028 to 2055.

First coupon Mar 15, 2026.

2031-2055 Callable Sep 15, 2030 at 105.000%, declining to par Sep 15, 2030.

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

Subordinate Revenue Bonds, Series 2025B (Drainage projects) (R) (book entry) $430,000.

Dated Dec 10, 2025.

Due Sep 15, 2028 to 2055.

First coupon Mar 15, 2026.

2031-2055 Callable Sep 15, 2030 at 105.000%, declining to par Sep 15, 2030.

Subordinate Revenue Bonds, Series 2025C (General Infrastructure Projects) (R) (book entry) $9,085,000.

Dated Dec 10, 2025.

Due Sep 15, 2028 to 2055.

First coupon Mar 15, 2026.

2031-2055 Callable Sep 15, 2030 at 105.000%, declining to par Sep 15, 2030.

L.O.: Boles Shafto & Leonard LLC, Monroe, LA.

F.A.: Government Consultants of Louisiana, Inc, Baton Rouge, LA.

MICHIGAN

Costigan Drain Drainage District

Nov 14, 2025 $1,814,000

Drainage District Drain Note, DN25-13 (Limited Tax General Obligation) (L) (bank qualified) (book entry)

Dated Nov 25, 2025.

Due May 25, 2027.

First coupon May 25, 2027.

2027-2027 Callable May 26, 2026 at par.

Privately placed by Baird, as follows:

L.O.: Dickinson Wright PLLC, Grand Rapids, MI.

MINNESOTA

Mountain Lake (City)

Nov 19, 2025 $15,655,000

Electric Revenue Bonds, Series 2025B (R) (book entry)

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Dec 1, 2026 to 2054.

First coupon Jun 1, 2026.

2035-2054 Callable Dec 1, 2034 at par.

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

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

MISSOURI

Clay, Jackson and Platte Counties Consolidated Public Library District #3

Nov 19, 2025 $36,435,000

Refunding Certificate of Participation, Series 2025 (AKA Mid-Continent Public Library District (Library Project)) (C) (book entry)

Dated Dec 9, 2025.

Due Mar 1, 2027 to 2037.

First coupon Sep 1, 2026.

2035-2037 Callable Mar 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Stifel Nicolaus & Company, Inc, Kansas City, MO.

School of the Osage

Nov 20, 2025 $21,860,000

General Obligation School Refunding Bonds, Series 2025 (Missouri Direct Deposit Program) (G) (book entry)

Dated Dec 11, 2025.

Due Mar 1, 2027 to 2038.

First coupon Sep 1, 2026.

2034-2038 Callable Mar 1, 2033 at par.

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

L.O.: Gilmore & Bell, P.C., Kansas City, MO.

NORTH CAROLINA

University of North Carolina Board of Governors

Nov 19, 2025 $92,380,000

General Revenue Bonds, Series 2025A (R) (book entry)

Dated Dec 10, 2025.

Due Dec 1, 2026 to 2055.

First coupon Jun 1, 2026.

2036-2055 Callable Dec 1, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., J.P. Morgan Securities LLC, as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Raleigh, NC.

F.A.: PFM Financial Advisors LLC, Charlotte, NC.

NEBRASKA

Twin River Public School District No. 30

Nov 20, 2025 $8,730,000

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

Dated Dec 15, 2025. Interest accrues Dec 15, 2025.

Due Dec 15, 2026 to 2053.

First coupon Jun 15, 2026.

2031-2053 Callable Dec 15, 2030 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Kutak Rock, Omaha, NE.

F.A.: Northland Securities, Inc., Minneapolis, MN.

NEW JERSEY

New Jersey Housing and Mortgage Finance Agency

Nov 19, 2025 $28,145,000

Multifamily Conduit Revenue Bonds, Series 2025 (22 Fulton Street Project) (Mandatory Tender Date: 06/01/2030) (R) (book entry)

Dated Nov 25, 2025. Interest accrues Nov 25, 2025.

Due Jun 1, 2050.

First coupon Jun 1, 2026.

2050-2050 Callable Jun 1, 2029 at par.

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

L.O.: Archer & Greiner P.C., Voorhees, NJ.

OHIO

Columbus-Franklin County Finance Authority

Nov 19, 2025 $25,875,000

Multifamily Housing Revenue Bonds (Silver Birch of Columbus Project), Series 2025A (R) (book entry)

Dated Dec 4, 2025. Interest accrues Dec 4, 2025.

Due Jan 1, 2041 to 2046.

First coupon Jul 1, 2026.

2041-2046 Callable Jan 1, 2031 at 105.000%, declining to par Jan 1, 2031.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Ice Miller, Columbus, OH.

F.A.: DiPerna and Company, Columbus, OH.

Athens (City)

Nov 19, 2025 $4,500,000

General Obligation (Limited Tax) Swimming Pool Refunding Bonds, Series 2025 (L) (bank qualified) (book entry)

Dated Dec 10, 2025. Interest accrues Dec 10, 2025.

Due Dec 1, 2026 to 2035.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.

PENNSYLVANIA

University of Pittsburgh of the Commonwealth System of Higher Education

Nov 19, 2025 $177,000,000

Pitt Asset Notes Higher Education Registered Series of 2025 (Panthers) (R) (book entry)

Dated Dec 9, 2025.

Due Apr 15, 2032.

First coupon Apr 15, 2026.

2032-2032 Callable Feb 15, 2032 at par.

Purchased through negotiation by Barclays Capital, Wells Fargo Corporate & Investment Banking, BofA Securities, as follows:

L.O.: Ballard Spahr LLP, Philadelphia, PA.

F.A.: PFM Financial Advisors LLC, Boston, MA.

Mount Union Area School District

Nov 19, 2025 $3,945,000

General Obligation Notes, Series 2025 (L) (bank qualified) (book entry)

Dated Dec 9, 2025.

Due Nov 15, 2026 to 2035.

First coupon Nov 15, 2026.

2031-2035 Callable May 15, 2031 at par.

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

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

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

University of Pittsburgh of the Commonwealth System of Higher Education

Nov 19, 2025 $200,000,000

University Capital Proejct Bonds, Series A of 2025 (R) (book entry)

Dated Dec 9, 2025.

Due Feb 15, 2036.

First coupon Aug 15, 2026.

Non-callable.

Purchased through negotiation by BofA Securities, Wells Fargo Corporate & Investment Banking, Barclays Capital, PNC Capital Markets, as follows:

L.O.: Ballard Spahr LLP, Philadelphia, PA.

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

SOUTH CAROLINA

South Carolina Housing Finance and Development Authority

Nov 19, 2025 $17,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Oak Grove Apartments) (Mandatory Tender Date: 11/01/2028) (R) (book entry)

Dated Dec 4, 2025. Interest accrues Dec 4, 2025.

Due Nov 1, 2043.

First coupon May 1, 2026.

2043-2043 Callable May 1, 2028 at par.

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

L.O.: Howell Linkous & Nettles, LLC, Charleston, SC.

TENNESSEE

Loudon (City)

Nov 19, 2025 $21,205,000

Water and Sewer System Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 2, 2025. Interest accrues Dec 2, 2025.

Due Mar 1, 2028 to 2050.

First coupon Mar 1, 2026.

2036-2050 Callable Mar 1, 2035 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Bass, Berry & Sims PLC, Nashville, TN.

F.A.: Oakdale Municipal Advisors, Portland, TN.

TEXAS

Montgomery County

Nov 19, 2025 $154,665,000

Limited Tax Refunding Bonds, Series 2025A (L) (book entry)

Dated Dec 1, 2025. Interest accrues Dec 18, 2025.

Due Mar 1, 2026 to 2039.

First coupon Mar 1, 2026.

2036-2039 Callable Mar 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, Crews & Associates, Inc., Estrada Hinojosa & Company, Inc., as follows:

L.O.: Orrick, Herrignton & Sutcliffe, Houston, TX; and State Attorney General.

F.A.: BOK Financial Securities, Houston, TX.

Bryan (City)

Nov 19, 2025 $36,225,000

Electric System Revenue Bonds, Series 2025 (R) (book entry)

Dated Nov 15, 2025. Interest accrues Dec 18, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jul 1, 2026.

2033-2055 Callable Jul 1, 2032 at par.

Purchased through negotiation by Jefferies LLC, Estrada Hinojosa & Company, Inc., as follows:

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

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

Bryan (City)

Nov 19, 2025 $18,675,000

Rural Electric System Revenue Bonds, Series 2025 (R) (book entry)

Dated Nov 15, 2025. Interest accrues Dec 18, 2025.

Due Jul 1, 2026 to 2050.

First coupon Jul 1, 2026.

2035-2050 Callable Jul 1, 2034 at par.

Purchased through negotiation by Jefferies & Company, Inc., Estrada Hinojosa & Company, Inc., as follows:

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

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

Westpointe Special Improvement District

Nov 20, 2025 $12,230,000

Limited Ad Valorem Tax Bonds, Series 2025 (L) (book entry)

Dated Dec 1, 2025. Interest accrues Dec 18, 2025.

Due Aug 15, 2026 to 2049.

First coupon Aug 15, 2026.

2032-2049 Callable Aug 15, 2031 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.

UTAH

Utah Charter School Finance Authority

Nov 20, 2025 $18,320,000

Charter School Revenue Bonds, Series 2025A (Canyon Grove Academy) (R) (book entry)

Dated Nov 21, 2025.

Due Sep 15, 2026 to 2032.

First coupon Mar 15, 2026.

2028-2032 Callable Sep 30, 2027 at 100.250% plus accrued interest.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Chapman and Cutler LLP, Salt Lake City, UT.

F.A.: Zions Public Finance, Boise, ID; and Round Table Funding, Horseshoe Bend, ID.

VIRGINIA

Henrico County Economic Development Authority

Nov 19, 2025 $37,978,000

Multifamily Housing Revenue Bonds, Series 2025 (Glenwood Farms Family) (Mandatory Tender Date: 12/01/2029) (R) (book entry)

Dated Nov 25, 2025. Interest accrues Nov 25, 2025.

Due Dec 1, 2045.

First coupon Jun 1, 2026.

2045-2045 Callable Dec 1, 2028 at par.

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

L.O.: McGuireWoods LLP, Tysons Corner, VA.

Henrico County Economic Development Authority

Nov 19, 2025 $19,315,000

Multifamily Housing Revenue Bonds, Series 2025 (Glenwood Farms Senior) (Mandatory Tender Date: 10/01/2029) (R) (book entry)

Dated Nov 25, 2025. Interest accrues Nov 25, 2025.

Due Oct 1, 2045.

First coupon Apr 1, 2026.

2045-2045 Callable Oct 1, 2028 at par.

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

L.O.: McGuireWoods LLP, Tysons Corner, VA.

WASHINGTON

Clark County Public Utility District No. 1

Nov 19, 2025 $49,945,000

Water System Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 3, 2025.

Due Jan 1, 2027 to 2046.

First coupon Jul 1, 2026.

2036-2046 Callable Jul 1, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Orrick, Herrington & Sutcliffe, Seattle, WA.

F.A.: PFM Financial Advisors LLC, Los Angeles, CA.

WISCONSIN

Sheboygan Area School District

Nov 19, 2025 $9,500,000

General Obligation Promissory Notes (G) (bank qualified) (book entry)

Dated Dec 15, 2025. Interest accrues Dec 15, 2025.

Due Mar 1, 2028 to 2045.

First coupon Mar 1, 2026.

2035-2045 Callable Mar 1, 2034 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Quarles & Brady, Milwaukee, WI.

Shorewood Hills Village

Nov 13, 2025 $1,170,000

General Obligation Promissory Note (G) (bank qualified) (book entry)

Dated Dec 1, 2025.

Due May 1, 2026 to 2035.

First coupon May 1, 2026.

2028-2035 Callable May 1, 2027 at par.

Privately placed by Baird, as follows:

L.O.: Quarles & Brady, Milwaukee, WI.

WEST VIRGINIA

West Virginia Economic Development Authority

Nov 19, 2025 $110,000,000

Weekly Variable Rate Solid Waste Disposal Facility Revenue Bonds, Series 2025A-1 (Nucor Steel Project) (R) (book entry) (AMT)

Dated Nov 20, 2025.

Due Nov 1, 2065.

First coupon Jan 5, 2026.

Non-callable.

Purchased through negotiation by BofA Securities, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Jackson Kelly PLLC, Charleston, WV.

West Virginia Economic Development Authority

Nov 19, 2025 $110,000,000

Weekly Varibale Rate Solid Waste Disposal Facility Revenue Bonds, Series 2025B-1 (Nucor Steel Project) (R) (book entry) (AMT)

Dated Nov 20, 2025.

Due Nov 1, 2065.

First coupon Jan 5, 2026.

Non-callable.

Purchased through negotiation by BofA Securities, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Jackson Kelly PLLC, Charleston, WV.

FORWARDS

CALIFORNIA

Fremont Unified School District

Nov 19, 2025 $44,770,000

2026 General Obligation Refunding Bonds (Forward Delivery) (G) (book entry)

Dated May 5, 2026.

Due Aug 1, 2026 to 2038.

First coupon Aug 1, 2026.

2037-2038 Callable Aug 1, 2036 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

F.A.: Keygent LLC, El Segundo, CA.

TAXABLE ISSUES

ILLINOIS

Sales Tax Securitization Corporation

Nov 20, 2025 $52,605,000

Sales Tax Securitization Refunding Bonds, Series 2025B (X) (book entry) (Taxable)

Dated Dec 4, 2025.

Due Jan 1, 2026 to 2033.

First coupon Jan 1, 2026.

Non-callable.

Purchased through negotiation by Goldman, Sachs & Co., RBC Capital Markets, Academy Securities Inc., Mesirow Financial, Inc., Oppenheimer & Co., Inc., Ramirez & Co., Inc., Siebert Williams Shank & Co., L.L.C, as follows:

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

F.A.: PFM Financial Advisors LLC, Chicago, IL; and Public Resources Advisory Group, New York, NY.