J.P. Turner Announces New Municipal Underwriting

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 4, 2009 -- J.P. Turner’s public finance professionals underwrite municipal bond offerings for projects with credit ratings ranging from non-rated to AAA. The team has over 50 years of combined experience in municipal underwriting and has completed approximately 70 municipal financing projects.

Details of the JP Turner’s latest offering is below:

During the week of August 14, 2009, we expect to own and offer:

THE MEDICAL CLINIC BOARD
OF THE CITY OF HOOVER (ALABAMA)


First Mortgage Healthcare Facility Revenue Bonds

(Ridgeview Assisted Living, LLC Project)

Series 2009A (Federally Tax Free)
$4,910,000 9.0% Due August 1, 2039, @100% (current yield/yield to maturity 9.0%)

Series 2009B (Taxable)
$590,000 (Coupons & Maturities stated below)

$55,000 6.5% Due August 1, 2011, @100% (current yield/yield to maturity 6.5%)
$60,000 7.0% Due August 1, 2012, @100% (current yield/yield to maturity 7.0%)
$65,000 7.5% Due August 1, 2013, @100% (current yield/yield to maturity 7.5%)
$65,000 8.0% Due August 1, 2014, @100% (current yield/yield to maturity 8.0%)

$70,000 8.5% Due August 1, 2015, @100% (current yield/yield to maturity 8.5%)
$80,000 9.0% Due August 1, 2016, @100% (current yield/yield to maturity 9.0%)
$90,000 9.5% Due August 1, 2017, @100% (current yield/yield to maturity 9.5%)
$105,000 10.0% Due August 1, 2018, @100% (current yield/yield to maturity 10.0%)

Non-AMT Unrated
New Issue – Book Entry Dated: Date of Delivery

Interest on the Series 2009A Bonds is excluded from gross income for federal income tax purposes and is excluded from income for State of Alabama income tax purposes. All other state and local income taxation applies to interest on the Series 2009A Bonds. Interest on the 2009B (Taxable) Bonds is not excluded from gross income for federal income purposes.

The Series 2009 Bonds will be priced at Par ($100.00) and callable in whole or in part at any time from 8/1/12 through 7/31/13 @103, from 8/1/13 through 7/31/14 @102, from 8/1/14 through 7/31/15 @101, from 8/1/15 and thereafter @100 (Par). Interest will be payable every 6 months, beginning February 1, 2010. The Series 2009 Bonds are issuable as Book Entry Bonds in denominations of $5,000 or any integral multiple thereof.

Subject

jp turner municipal finance     jp turner public finance