$948,345,000 AGGREGATE PRINCIPAL AMOUNT $430,780,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series A- 1 (2025) Federally Tax-Exempt (Dedicated Unlimited Ad Valorem Property Tax Bonds) $29,645,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series A-2 (2025) Federally Taxable (Dedicated Unlimited Ad Valorem Property Tax Bonds) $239,575,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series B (2025) Federally Taxable (Dedicated Unlimited Ad Valorem Property Tax Bonds) $248,345,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) 2025 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds) FOS POSTED 5-1-25

$948,345,000 AGGREGATE PRINCIPAL AMOUNT $430,780,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series A- 1 (2025) Federally Tax-Exempt (Dedicated Unlimited Ad Valorem Property Tax Bonds) $29,645,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series A-2 (2025) Federally Taxable (Dedicated Unlimited Ad Valorem Property Tax Bonds) $239,575,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) Election of 2024, General Obligation Bonds, US Series B (2025) Federally Taxable (Dedicated Unlimited Ad Valorem Property Tax Bonds) $248,345,000 LOS ANGELES UNIFIED SCHOOL DISTRICT (County of Los Angeles, California) 2025 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds) FOS POSTED 5-1-25

FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT (Sacramento County, California) $36,000,000* Election of 2024 General Obligation Bonds, Series A (Measure R) (School Facilities Improvement District No. 4) $36,000,000* Election of 2024 General Obligation Bonds, Series A (Measure S) (School Facilities Improvement District No. 4) POS + NIP (Measure R) + NIP (Measure S) POSTED 4-24-25

FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT (Sacramento County, California) $36,000,000* Election of 2024 General Obligation Bonds, Series A (Measure R) (School Facilities Improvement District No. 4) $36,000,000* Election of 2024 General Obligation Bonds, Series A (Measure S) (School Facilities Improvement District No. 4) POS + NIP (Measure R) + NIP (Measure S) POSTED 4-24-25

PRELIMINARY OFFICIAL STATEMENT NIP (Measure R) NIP (Measure S)
$23,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) General Obligation Bonds 2024 Election, Series A-1 (Tax-Exempt) $7,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) General Obligation Bonds 2024 Election, Series A-2 (Federally Taxable) $11,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) 2025 Refunding General Obligation Bonds (Tax-Exempt) POS POSTED 4-17-25

$23,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) General Obligation Bonds 2024 Election, Series A-1 (Tax-Exempt) $7,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) General Obligation Bonds 2024 Election, Series A-2 (Federally Taxable) $11,000,000* SCOTTS VALLEY UNIFIED SCHOOL DISTRICT (Santa Cruz County, California) 2025 Refunding General Obligation Bonds (Tax-Exempt) POS POSTED 4-17-25