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About Baird Deal of the Year

With more than 70 professionals, Funding solutions Underwriter or Financial Advisor to our Public Finance team is one of the • General obligation bonds The Bond Buyer’s “Deal of the Year” largest outside New York City. Baird • Revenue bonds six times since 2005 is a major underwriter and financial • Alternative funding sources advisor to municipalities, schools, • Lease purchase financings government agencies, nonprofits and • Refinancing opportunities corporations. We are part of Baird, an Ongoing services independent and employee-owned • Capital improvement planning international , • Credit rating analysis capital markets, asset management • Debt Monitoring and firm.

Private Wealth Management Capital Markets – Private Equity Asset Management How Baird can make the Baird Public Finance Contact Baird difference for you 2014 Recognition Thomas J. Gavin We’re ready and willing to use our capital to 2014 by number of issues as lead Managing Director support you, as demonstrated by the volume managing underwriter 630-778-9178 [email protected] of deals we’ve underwritten.* Baird 754 We have purchased more issues than any Raymond James 535 Stephan C. Roberts other firm annually since 2009.* RBC Capital Mkts 492 Director Nicolaus 630-778-9174 We can sell tax-exempt and taxable fixed 488 [email protected] income securities through our nationwide Piper Jaffray 459 Roosevelt & Cross network of more than 800 retail brokers 367 John Piemonte and more than 140 institutional sales and BA Lynch 314 Vice President trading professionals. 314 630-778-2633 • Extensive coverage of middle market D.A. Davidson 296 [email protected] investors BOSC 292 rwbaird.com/publicfinance • Four underwriting desks located across In U.S. millions 800-686-4346 the country • Institutional sales team members average 15 years in the municipal market

We remain committed to the municpal securities market and Baird’s Fixed Income teams have grown 25% over the past five years to 210 professionals, expanding our services and national footprint.

Baird’s Fixed Income Capital Markets

Baird’s Fixed Income Capital Markets group consists of Fixed Income Sales & Trading complemented by a nationally ranked Underwriting Desk and Public Finance team. Our offices are strategically located in target markets across the United States.

Baird Public Finance Location Baird Underwriting Desk Baird Public Finance Location and Baird Underwriting Desk

Private Wealth Management Capital Markets – Investment Banking Private Equity Asset Management

*Sourced by IPREO Muni Analytics for competitive and negotiated issues as of December 31, 2014. ©2015 Robert W. Baird & Co. Incorporated. Member SIPC. MC-44771.