Los Angeles Museum of Art Project,
Series 2016A

California Infrastructure And Economic Development Bank

The proceeds of the 2016A Bonds will be used to purchase up to $78,000,000* aggregate principal amount of the California Infrastructure and Economic Development Bank Refunding Revenue Bonds (Los Angeles County Museum of Art Project), Series 2013A from the holders thereof on the date of issuance of the 2016A Bonds.

Issuance characteristics
  • Refunding
  • Not callable
  • Limited obligation
  • Federally tax exempt
  • Revenue
  • Negotiated sale

Can I sell the bonds if I don’t want them anymore?

Yes, bonds sold through Neighborly are book-entry bonds with registered CUSIPs, and therefore are tradeable in the secondary market in the same way as any other registered municipal security. Read more here.

Can I transfer my bond to another brokerage account?

Absolutely, after the sale is completed, Neighborly can transfer bonds to a brokerage account at another institution. Fees may apply. Read more here.

Is there an investment minimum or maximum?

The minimum investment is determined by the minimum denomination of the issuance. In the case of this financing, it is $100,000. If there is a maximum, refer to Sales Condition under Project details tab.

What other risks should I be aware of when investing in bonds?

Please review the risks section of the Preliminary Official Statement for more information.

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