Results of Competitive Sales

INDIANA

Shenandoah School Building Corporation

May 16, 2013 . . . . . . $2,000,000

Ad Valorem Property Tax First Mortgage Bonds Series 2013 (bank qualified) (book entry).

Dated Jun 4, 2013.

Due Jul 10, 2016 to Jan 10, 2029.

Callable Jul 10, 2021 at par.

Winning bid: J.J.B. Hilliard, at n/a, NIC 2.378%.

Due Amount Cpn Yield Conc Ins
7/10/16 $65,000 1.00% 0.55%
7/10/17 $140,000 1.00% 0.75%
7/10/18 $140,000 1.00% 0.90%
7/10/19 $140,000 1.50% 1.05%
7/10/20 $140,000 1.50% 1.25%
7/10/21 $140,000 1.50% 1.55%
7/10/22 $150,000 2.00% 1.75%
7/10/23 $150,000 2.25% 2.00%
7/10/24 $160,000 2.50% 2.20%
7/10/25 $160,000 2.50% 2.40%
7/10/26 $170,000 2.50% 2.60%
7/10/27 $170,000 2.75% 2.80%
1/10/29 $275,000 3.00% 3.00%

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

F.A.: Umbaugh LLP, Indianapolis, IN.

Other bidders were:

City Securities, NIC 2.402%

Robert W. Baird, NIC 2.611%

BOSC, NIC 2.835%

KANSAS

Atwood (City)

May 13, 2013 . . . . . . $1,575,000

General Obligation Refunding Bonds, Series 2013 (bank qualified).

Dated Jun 1, 2013.

Due Jun 1, 2014 to 2041.

The bonds shall be callable in accordance with the specification.

Winning bid: Cooper Malone, at n/a, NIC 3.6931%.

Due Amount Cpn Yield Conc Ins
6/1/14 $35,000 3.00% 0.40%
6/1/15 $40,000 3.00% 0.60%
6/1/16 $40,000 3.00% 0.80%
6/1/17 $40,000 3.00% 1.00%
6/1/18 $40,000 3.00% 1.25%
6/1/19 $45,000 3.00% 1.50%
6/1/20 $45,000 1.75% 1.75%
6/1/21 $45,000 2.10% 2.10%
6/1/23 $90,000 2.30% 2.30%
6/1/25 $95,000 2.60% 2.60%
6/1/27 $100,000 3.00% 3.00%
6/1/29 $110,000 3.40% 3.40%
6/1/31 $115,000 3.70% 3.70%
6/1/35 $260,000 3.80% 3.80%
6/1/41 $475,000 3.90% 3.90%

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: Ranson Financial Consultants, L.L.C., Wichita, KS.

MICHIGAN

Wager and Pink Intercounty Drain Drainage District

May 16, 2013 . . . . . . $860,000

Wager and Pink Intercounty Drain Bonds, Series 2013 (book entry).

Dated Jun 5, 2013.

Due Jun 1, 2014 to 2028.

Callable Jun 1, 2021 at par.

Winning bid: Monroe Bk & Tr, at n/a, TIC 3.7983%.

Due Amount Cpn Yield Conc Ins
6/1/14 $50,000 1.90% NRO
6/1/15 $55,000 1.95% NRO
6/1/16 $55,000 2.00% NRO
6/1/17 $55,000 2.25% NRO
6/1/18 $55,000 2.50% NRO
6/1/19 $55,000 2.85% NRO
6/1/20 $55,000 3.10% NRO
6/1/21 $60,000 3.60% NRO
6/1/22 $60,000 4.00% NRO
6/1/23 $60,000 4.10% NRO
6/1/24 $60,000 4.20% NRO
6/1/25 $60,000 4.25% NRO
6/1/26 $60,000 4.30% NRO
6/1/27 $60,000 4.35% NRO
6/1/28 $60,000 4.40% NRO

L.O.: Dickinson Wright PLLC, Detroit, MI.

F.A.: Public Financial Management, Inc., Ann Arbor, MI.

NEW JERSEY

Ocean Gate Borough

May 14, 2013 . . . . . . $506,106

Bond Anticipation Note (bank qualified) (book entry).

Dated May 24, 2013.

Due May 23, 2014.

Purchased $506,110.00 by Oppenheimer, at 2.125%, plus $352.00, effective rate 2.0553%.

L.O.: GluckWalrath, LLP, Trenton, NJ.

F.A.: Municipal Official(s).

White Township

May 17, 2013 . . . . . . $1,320,977

$280,000 Bond Anticipation Notes and $1,040,977 Tax Appeal Refunding Bond Anticiaption Notes (bank qualified).

Dated May 23, 2013.

Due May 22, 2014.

Purchased $1,320,980.00 by Valley National Bank, at 0.68%, effective rate 0.68%.

L.O.: Gibbons P.C., Newark, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 1.0222%

Jefferies, Effective Rate 1.234%

OKLAHOMA

Comanche County Independent School District No. 1 (Cache)

May 17, 2013 . . . . . . $2,760,000

Building Bonds of 2013 (bank qualified) (book entry).

Dated Jul 1, 2013.

Due Jul 1, 2015.

Non-callable.

Winning bid: BOSC, at n/a, NIC 0.55%.

Due Amount Cpn Yield Conc Ins
7/1/15 $2,760,000 0.55% 0.55%

In association with: Bank of Wichitas.

L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Country Club Bank, NIC 0.68%

Logan County Independent School District No. 14 (Coyle)

May 17, 2013 . . . . . . $565,000

Building Bonds of 2013 (bank qualified) (book entry).

Dated Jul 1, 2013.

Due Jul 1, 2015 to 2016.

Non-callable.

Winning bid: F & M Bank, at n/a, NIC 0.6303%.

Due Amount Cpn Yield Conc Ins
7/1/15 $275,000 1.00% NRO
7/1/16 $290,000 1.00% NRO

L.O.: State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

BOSC, NIC 0.65%

UMB Bank, NIC 0.6896%

Nowata County Independent School District No. 3 (Oklahoma Union)

May 17, 2013 . . . . . . $575,000

Building Bonds of 2013 (bank qualified) (book entry).

Dated Jul 1, 2013.

Due Jul 1, 2015 to 2018.

Non-callable.

Winning bid: BOSC, at n/a, NIC 0.85%.

Due Amount Cpn Yield Conc Ins
7/1/15 $140,000 0.85% 0.85%
7/1/16 $145,000 0.85% 0.85%
7/1/17 $145,000 0.85% 0.85%
7/1/18 $145,000 0.85% 0.85%

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

UMB Bank, NIC 0.9032%

Rogers County Independent School District No. 1 (Claremore)

May 17, 2013 . . . . . . $4,500,000

Building Bonds of 2013 (bank qualified) (book entry).

Dated Jul 1, 2013.

Due Jul 1, 2015 to 2018.

Non-callable.

Winning bid: BOSC, at n/a, NIC 0.7071%.

Due Amount Cpn Yield Conc Ins
7/1/15 $1,125,000 0.95% 0.45%
7/1/16 $1,125,000 0.55% 0.55%
7/1/17 $1,125,000 0.65% 0.65%
7/1/18 $1,125,000 0.75% 0.75%

In association with: Bank of Oklahoma.

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

UMB Bank, NIC 0.8086%

Country Club Bank, NIC 0.8486%

BancFirst, NIC 0.8821%

TENNESSEE

Marshall County

May 17, 2013 . . . . . . $3,250,000

General Obligation Public Improvement Bonds, Series 2013 (bank qualified) (book entry).

Dated Jun 14, 2013.

Due May 1, 2014 to 2028.

Callable May 1, 2018 at par.

Winning bid: Raymond James, at 101.8316, TIC 1.9055%.

Due Amount Cpn Yield Conc Ins
5/1/14 $195,000 1.00% 0.35%
5/1/15 $195,000 2.00% 0.45%
5/1/16 $200,000 2.00% 0.55%
5/1/17 $200,000 2.00% 0.75%
5/1/18 $205,000 2.00% 0.85%
5/1/19 $205,000 2.00% 1.10%
5/1/20 $210,000 2.00% 1.35%
5/1/21 $215,000 2.00% 1.50%
5/1/22 $220,000 2.00% 1.60%
5/1/23 $225,000 1.75% 1.75%
5/1/24 $225,000 2.00% 1.80%
5/1/25 $230,000 2.25% 1.90%
5/1/26 $235,000 2.25% 2.00%
5/1/28 $490,000 2.50% 2.20%

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

F.A.: Guardian Advisors, LLC, Hohenwald, TN.

Other bidders were:

Janney Montgomery, TIC 1.9363%

FTN Fin Cap Mkts, TIC 1.9594%

Ross Sinclaire, TIC 2.1265%

Sterne Agee, TIC 2.3284%

Vining-Sparks IBG, TIC 2.3324%

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Competitive sales results
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