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Fixed income securities are subject to increased loss of principal during periods of rising
interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market
valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.
We are not providing the information contained in this alert based on any client's particular financial situation or needs.
Tax-exempt bonds are not necessarily a suitable investment for all persons. Consult your tax advisor regarding your particular
situation.
For more information on the terms of this pending offering or to obtain a copy of the preliminary official statement, please
contact your broker or financial advisor.
This is not an offer to sell or a solicitation of an offer to buy the securities described above. This issue is subject
to availability, initial pricing, and later price change.
Wednesday, February 22, 2012; Amount, terms and yields are subject to change.