Details for Baird - Ad from 2019-07-07

Double Tax-Exempt Municipal Bonds
City of Fargo, North Dakota
$32,945,000*
Refunding Improvement Bonds, Series 2019A
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Order Period: July 10, 2019*
Maturity dates from May 1, 2020 – 2044
Interest will be paid semiannually beginning May 1, 2020
Moody’s rating applied for.
Interest on the Bonds is excluded from gross income for federal income tax
purposes and is not an item of tax preference for federal alternative minimum
tax purposes. Interest on the Bonds is excluded from taxable income for North
Dakota income tax purposes.

This announcement is neither an offer to sell nor a solicitation to buy these
securities, nor shall this announcement constitute an offer to sell or a solicitation
of an offer to buy these securities in any state in which such offer or solicitation
would be unlawful.
For a copy of the Preliminary Official Statement, contact a Baird or Dougherty
Financial Advisor.

Baird
800-792-2473

Dougherty
866-793-8594

Municipal bonds/notes are not suitable for all investors, especially those in a lower tax bracket. Ratings are measured
on a scale that generally ranges from AAA or Aaa (highest) to D or C (lowest). Bonds/notes are subject to market
fluctuation and interest rate risk and may be worth more or less than original cost if sold prior to maturity.
*Preliminary. Subject to change.

©2019 Robert W. Baird & Co. Incorporated. Member SIPC. MC-341701.

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