$464,545,000* PUBLIC FACILITIES FINANCING AUTHORITY OF THE CITY OF SAN DIEGO SUBORDINATED SEWER REVENUE BONDS, SERIES 2026A (Payable Solely From Subordinated Installment Payments Secured by Wastewater System Net Revenues) $28,530,000* PUBLIC FACILITIES FINANCING AUTHORITY OF THE CITY OF SAN DIEGO SUBORDINATED SEWER REVENUE BONDS, SERIES 2026B (Payable Solely From Subordinated Installment Payments Secured by Wastewater System Net Revenues) POS + INVESTOR PRESENTATION POSTED 4-24-26