$22,455,000* PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT Certificates of Participation (2026 Financing Project, Series A) Evidencing a Direct, Undivided Fractional Interest of the Owners Thereof in Series A Lease Payments to be Made by the PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT (Yuba County, California) $8,670,000* PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT Certificates of Participation (2026 Financing Project, Series B) Evidencing a Direct, Undivided Fractional Interest of the Owners Thereof in Series B Lease Payments to be Made by the PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT (Yuba County, California) POS POSTED 4-28-26

$22,455,000* PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT Certificates of Participation (2026 Financing Project, Series A) Evidencing a Direct, Undivided Fractional Interest of the Owners Thereof in Series A Lease Payments to be Made by the PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT (Yuba County, California) $8,670,000* PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT Certificates of Participation (2026 Financing Project, Series B) Evidencing a Direct, Undivided Fractional Interest of the Owners Thereof in Series B Lease Payments to be Made by the PLUMAS LAKE ELEMENTARY SCHOOL DISTRICT (Yuba County, California) POS POSTED 4-28-26

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$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

$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

POS INVESTOR PRESENTATION

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