Are you interested in an opportunity for Tax-Free Income?
|From the Maryland State Treasurer's office:|
On July 19, 2011, a press release was issued by Moody’s Investors Service and a change in the sale date that you should know about.
On July 13, 2011, Moody’s Investors Service, Standard & Poor’s and Fitch Ratings assigned ratings of Aaa/AAA/AAA, respectively, with a stable outlook to the State of Maryland general obligation bonds.
On July 19, 2011, Moody’s announced that in connection with their review and possible downgrade of U.S. Government bonds, they have also placed Maryland, Virginia and three other Aaa states on review for a possible downgrade. Moody’s stated, “Should the U.S. government’s rating be downgraded to Aa1 or lower, these five states’ ratings would likely be downgraded as well”. The complete press release is available at: http://www.moodys.com/research/MOODYS-PLACES-RATINGS-OF-FIVE-OF-15-Aaa-STATES-ON?lang=en&cy=global&docid=PR_222988.
In addition, as a result of current market conditions, the retail sale previously scheduled for July 22 and July 25 will occur only on July 25, 2011.
Looking to generate income from your investments but concerned about taxes? Consider State of Maryland municipal bonds. They can provide an opportunity for income that is exempt from Federal, Maryland State and local income taxes*.
|On Monday, July 25, 2011|
The State of Maryland will offer a new issue of
General Obligation Bonds for sale.
M&T Securities, Inc. is the senior manager on the State of Maryland’s upcoming issuance of municipal bonds**, when, as, and if issued. We can provide you with access to this latest issue so that you can put the tax advantages of municipal bonds to work for you.
To learn more and to obtain a copy of the Preliminary Official Statement for the 2011 Second Series A Bonds, please contact M&T Securities, Inc. at 1-800-737-3635.
Municipal bonds have risks, including, but not limited to, the risk of issuer default, lack of current information, lack of an active trading market, and impairment of any bond insurance. The types and degrees of risks will vary based on the characteristics of the particular security you are evaluating for investment purposes. Please consult the Preliminary Official Statement associated with this issue, and refer to www.buymarylandbonds.com for additional information.
Consult with your investment professional before making an investment decision.