corporate and executive services - broadridge...
TRANSCRIPT
Corporate and Executive Services
2
Table of Contents
Oppenheimer Overview..................................................................................... 3
Corporate & Executive Services........................................................................10
Oppenheimer Asset Management.....................................................................16
Appendix............................................................................................................24
Selected Recent Transactions
Bio
Important Information
Page
Oppenheimer
3
Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading full service investment firm with over a
century of experience in providing financial guidance to its clients. We offer a broad range of
financial services catering to high net worth investors, corporate executives, businesses,
municipalities and institutions.
With over 90 offices located in major financial centers and local communities across the United
States, with 2 international offices, and Investment Banking operations in the United Kingdom,
Asia and Israel. Oppenheimer has a unique combination of local presence and national resources
that enables its experienced professionals to provide attentive service and tailored solutions to its
clients.
At Oppenheimer, we strive to make sure your interests are never in conflict with ours. Our
independence provides us the freedom to offer objective advice and the ability to develop and
execute strategies that are designed to meet your investment objectives.
Overview
4
Oppenheimer is a leading middle market investment firm offering boutique level expertise and client service
with major bracket distribution
National firm headquartered in New York City with over 3,600 employees
– Over 90 offices in 26 U.S. states, Washington D.C., and two foreign countries, with Investment
Banking operations in the United Kingdom, Asia and Israel
One of the largest independent U.S. investment firms based on the number of registered brokers
– Over 1,400 private client Financial Advisors servicing high net worth individuals
– 125 institutional sales people covering over 3,000 accounts
– Over 40 senior research analysts covering over 675 companies
– Over $66 billion of client assets
One of the broadest and most robust retail distribution platforms among investment firms focused on
small-cap companies
Full-service asset management platform supported by over 100 experienced professionals
Proactive capital markets group provides clients exposure to the institutional investor community and
significant after-market support
Parent company Oppenheimer Holdings Inc. is publicly traded on the New York Stock Exchange – (“OPY”)
Introduction to Oppenheimer
5
Proactive
Capital Markets Group
Creative and knowledgeable senior bankers with deep skill-sets
Significant private and public fund-raising expertise for emerging growth and middle
market companies
Ability to interface productively with entrepreneurs and Fortune 500 managements
Strong and Focused
Small-Cap Practice
Broad and National
Distribution Platform
Wide network of qualified investors
125 institutional sales people who cover 3,000 institutional and high net worth accounts
National distribution network of over 1,400 Financial Advisors with one of the broadest retail
platforms among U.S. investment firms focused on the mid-market
Expansion of awareness of small- and mid-cap companies to investors
Organization of non-deal road shows, conferences, etc., which expose corporate clients to
institutional investors
Independent and
Institutional-Driven
Research
Over 40 senior equity research analysts
After-Market Support
A leading market maker on Wall Street
Emphasis on after-market institutional and trading support
Ongoing sales and research follow-up
Oppenheimer’s Value Proposition
6
Capital Markets
Wealth Management Services
Over 1,400 Financial Advisors located in more than 90 offices in major financial centers and local communities across
the United States
Committed to providing unbiased and independent advice on a broad range of traditional and nontraditional products
and services to individuals, families, corporate executives, businesses and institutions
Oppenheimer Asset Management Inc.*
Founded to help individual and institutional investors build customized investment plans based on strategic asset
allocation; supported by over 100 experienced professionals
Providing clients with customized professional money management through the Consulting Group, Oppenheimer
Investment Advisers and the Alternative Investments Group of Oppenheimer Asset Management Inc.
Capital Markets
Our Investment Banking group assists emerging growth and middle market companies raise the capital they require; our
Public Finance Department works closely with cities, states and public authorities to help develop efficient financing plans
Experienced equity research team with over 40 senior analysts delivering balanced research
Sales and trading teams with efficient order execution capabilities and superior client service
Oppenheimer Trust Company*
Established to help address the important issues of control and continuity of service, extending the substantial relationships
that high net worth clients and families have built over the years with the Firm
Provides client with access to fiduciary services
* Please refer to the Important Information page.
Integrated Capabilities
7
The professionals in Oppenheimer’s Capital Markets Group focus on serving the financing,
trading and research needs of municipalities, institutions and emerging growth and middle
market companies.
Equity Research
Over forty senior analysts, with core competencies in consumer and business services, energy, financial
institutions, industrials, healthcare, media & telecommunications, and technology deliver concise, thought-
provoking research on over 675 mid-cap and larger small-cap companies
Investment Banking
Oppenheimer’s Investment Banking professionals are committed to providing strategic advisory services
and market solutions for emerging growth and mid-sized businesses. Our clients typically benefit from our
industry expertise, product capabilities and extensive transaction experience. We pride ourselves on a
tradition of client service that goes back more than a century and now spans the globe.
Public Finance
Oppenheimer’s dedicated underwriting and marketing system helps issuer clients, including cities, states,
school districts, public authorities and private developers, structure publicly offered and privately placed
bond issues in both tax-exempt and taxable markets
Sales and Trading
Our Sales and Trading department of over 125 professionals supports clients with access to capital-
producing strategies and full-service execution in a broad range of debt and equity securities as well as
derivative products
Oppenheimer Capital Markets
8
Consumer & Business Services
Broadlines Retailing
Business Services
Consumer, Household & Personal Care Products
Gaming, Lodging & Leisure
Hardlines Retailing
Restaurants
Specialty Retailing
Financial Institutions
Brokers
Commercial & Investment Banking
Merchant Banking/Private Equity
Regional Bank & Thrift Growth Trust
Regional Banks
US Banks
Energy
Alternative Energy
Electric Utilities
Energy Trusts
Independent Power Producers
Master Limited Partnerships
Oil & Gas
Oil Services and Equipment
Industrial/Capital Goods
Aerospace & Defense
Agricultural Products
Chemicals
Industrial Multi-Industry
Marine Transportation
Renewable Fuels
Healthcare
Biotechnology
Biotechnology Special Situations
Healthcare Providers
Healthcare Technology & Distribution
Life Science Tools
Managed Care & Other Healthcare Services
Medical Devices
Medical Diagnostics
Specialty Pharmaceuticals
Media & Internet
Investment Strategy Media
Technology
Applied Technology
Clean Technology
Communication Software
Communication Technology
Enterprise Software
Infrastructure Software
Israeli Technology
Memory Components
Optical Components
Semiconductors & Component
Semiconductors & Electronics Capital Equipment
Solar Technology
Technical Analysis
Special Situations
Equity Research
China
China: Alternative Energy
China: Consumer
China: Education
China: Healthcare
China: Media & Intranet
China: Specialty Chemical
China: Technology & Telecom
Insurance
Property & Casualty
Telecommunication Services
Communications Services
Enhanced Data Services
Internet Services
India
9
Oppenheimer provides strong institutional distribution, with 125 institutional sales people covering over
3,000 accounts, and an extensive national retail distribution network, with over $66 billion in customer
assets.
International
1 – Venezuela
1 – Argentina
1 – London
1 – Tel Aviv
1 – Asia
2
1
1
22 4
2
14
2
6
1
4
6
2
1
SanFrancisco
LosAngeles
Dallas
Houston
Boston
1
Notes:
(1) Number of Oppenheimer offices noted within each state
(2) Major metropolitan areas and financial centers in which Oppenheimer has offices are highlighted and noted
5
5
1
Chicago
2
Atlanta
9 Phil
11
NYC – Headquarters
International Reach and Presence
14
1
10
Oppenheimer’s Financial Advisors and Institutional Sales team have access to a full spectrum of traditional
and non-traditional investment products and services to deliver end-to-end financial solutions to our clients.
Tailored Solutions
Investment Consulting**
Portfolio Analysis
Investment Policy
Asset Allocation
Investment Recommendations
Portfolio Monitoring
Consolidated Reporting
Due Diligence
Planning Services****
Retirement Services
Trust Services*
Estate and Succession Strategies
Investment Consulting**
Wealth Planning
Buybacks
Corporate Cash Management
Retirement Plan Services
Employee Stock Option Plans
Employee Stock Purchase Plans
Deferred Compensation Plans
Corporate Services
Sales of Restricted and
Control Stock Strategies
Rule 10b5-1 Trading Plans
Hedging and Monetization
Strategies
Options
Specialized Products
Hedging and Monetization Strategies
Rule 10b5-1 Trading Plans
Sales of Restricted and Control Stock Strategies
Corporate Executive
Services
Separate Account Management
Hedge Funds***
Fund of Hedge Funds***
Exchange Traded Funds
Mutual Funds
Insurance and Annuities
Equity and Fixed Income Securities
Options
Investment Products
* Trust services are provided by Oppenheimer Trust Company.
** Consulting services provided by the Consulting Group of Oppenheimer Asset Management Inc. (OAM).
*** Alternative investments such as Hedge Funds and Fund of Funds are made available only to qualified investors and involve various degrees of risk. Specific standards must be met before investing;
generally; individual investors must have a net worth of $1.5 million and entities must have assets of at least $5 million to invest.
**** If you select one or more of the advisory services (i.e.; Planning Services) offered by Oppenheimer & Co. Inc. or its affiliate Oppenheimer Asset Management Inc., we will be acting in an advisory
capacity. If you ask us to effect securities transactions for you, we will be acting as a broker-dealer. Please see the Oppenheimer & Co. Inc. website www.opco.com or call the branch manager of the
office that services your account, for further information regarding the differences between brokerage and advisory products and services.
Corporate and Executive Services
11
Planning Services*
Our planning services are designed to help you understand your current financial position, decide
where you want to be at various times in the future and determine what you will need to get there.
Retirement Services
For individuals, we consult on the selection of an appropriate traditional or Roth IRA. For
employers, our services include retirement plan design, administration and recordkeeping vendor
search, investment selection, investment policy, performance monitoring, and employee
communications.
Trust Services**
We offer a comprehensive line of trust services and products that address two issues of great
concern to high net worth individuals: control and continuity of service. By helping you, in
collaboration with your legal advisor, establish a personal trust today, we can help you grow and
preserve your assets for the future.
Succession Strategies
Our succession strategies are designed to assist you in the transition between you and the next
generation of your business. We can help you address many management, ownership or tax issues.
* If you select one or more of the advisory services (i.e.; Planning Services) offered by Oppenheimer & Co. Inc. or its affiliate Oppenheimer
Asset Management Inc., we will be acting in an advisory capacity. If you ask us to effect securities transactions for you, we will be acting as
a broker-dealer. Please see the Oppenheimer & Co. Inc. website www.opco.com or call the branch manager of the office that services your
account, for further information regarding the differences between brokerage and advisory products and services.
** Trust services are provided by Oppenheimer Trust Company.
Wealth Planning
12
Portfolio Analysis
We carefully analyze your investment portfolio and current
holdings to help you determine whether your portfolio is aligned
with your investment objectives and long-term goals.
Investment Policy
We can help you develop an investment policy based on your
financial situation, investment objectives, risk tolerance and
other financial circumstances. Your investment policy serves as
the roadmap for building your investment strategy.
Asset Allocation
Through a policy of strategic asset allocation, we strive to build
you an enduring framework for a strong portfolio based on your
specific requirements. We develop an asset allocation strategy
that is geared toward meeting your objectives.
Investment Recommendation
We help you identify investment vehicles and managers that are
appropriate for your needs. Diversification is at the heart of
every portfolio we construct; we believe that diversification is
key to managing volatility and reducing risk.
Portfolio Monitoring
We use a formal review process to ensure your plan is aligned
with your investment strategy. We regularly review your
objectives with you and also work with you to determine when
and how portfolio rebalancing should occur, if necessary.
Consolidated Reporting
Every quarter, we send you a customized Quarterly Portfolio
Review (QPR)* that contains a comprehensive analysis of
account holdings, account activity and market commentary.
Through QPR, you have a full picture of your portfolio’s
performance.
Due Diligence
Through ongoing due diligence, we monitor the managers and
funds in which you have invested, to help ensure they remain
appropriate for your portfolio and in line with your investment
objectives.
* QPRs are provided by Oppenheimer Asset Management Inc.
Investment Consulting
13
Separate Account Management
Through a disciplined due diligence process, we identify, recommend
and help you select investment managers to fulfill an entire asset
allocation or just a portion of your portfolio. As part of a separate
account program, we monitor your investment managers to help
ensure they continue to adhere to the investment strategies for which
they were hired.
Alternative Investments*
We offer a range of nontraditional strategies to qualified investors,
including multi-manager fund of funds, single manager strategies,
registered hedge funds and offshore funds. When used as a
complement to traditional holdings, alternative investments have the
potential to enhance a portfolio’s return while reducing volatility.
Exchange Traded Funds
Exchange Traded Funds (ETFs) are designed to provide exposure to
a particular market segment or well-known established index. Based
on your investment needs, we can help identify if or which ETFs may
be appropriate for your portfolio.
Mutual Funds
We provide our clients with access to major mutual fund families.
Through an objective, consultative approach, we can help you identify
the fund or funds that we believe are most likely to help you achieve
your investment objectives.
Insurance
Oppenheimer Life Agency, Ltd., a wholly owned subsidiary of
Oppenheimer & Co. Inc., is able to offer a wide variety of quality
products by maintaining relationships with more than 80 leading
insurance companies.
Annuities
If you have maximized your contributions to your retirement plans,
such as a 401(k) or an IRA, an annuity may be a suitable
alternative. With no proprietary interest in any one product, we can
assist you in the selection of an appropriate annuity based on your
objectives and goals.
Equity and Fixed Income Securities
Equity and fixed income securities are important components in a
well-balanced investment portfolio. We can help you select
appropriate equity and fixed income securities that may be suitable
for your investment objectives, time horizon and risk tolerance.
Options
For qualified investors, options are financial instruments designed
to provide you with the flexibility needed for certain investment
solutions. From conservative to speculative, our Financial Advisors
will help you determine which options strategies may be suitable
for your investment needs.
* Alternative investments such as Hedge Funds and Fund of Funds are made available only to qualified investors and involve various degrees of risk. Specific standards must be met before investing;
generally; individual investors must have a net worth of $1.5 million and entities must have assets of at least $5 million to invest.
Investment Products
14
Buybacks
We are experienced in identifying opportunities for executing
stock repurchases, and can recommend the appropriate strategy
to help ensure corporations yield the maximum financial benefit
while complying with regulatory policies and rules.
Corporate Cash Management
Our experienced professionals provide cash management
services to help corporations preserve capital, provide adequate
liquidity to meet planned and unexpected expenditures, and
maximize returns.
Retirement Plan Services
We provide a comprehensive range of services designed to
assist corporations in establishing and managing retirement
plans. We offer a range of plan options to help employers
address their organization’s retirement needs.
Employee Stock Option Plans
We can help corporations develop and implement employee
stock option plans. Our professionals can assist in evaluating
various plan options and in explaining the benefits of the
selected plan to employees.
Employee Stock Purchase Plans
Our professionals can help corporations establish employee
stock purchase plans to promote employee stock ownership
within the firm and to provide another vehicle for individual
capital accumulation.
Deferred Compensation Plans
We can assist corporations in developing deferred
compensation plans to attract, retain and reward their
executives. A properly designed deferred compensation plan
provides a cost-effective benefit system for valued
employees.
Corporate Services
15
Hedging and Monetization Strategies
For clients with a large position in a single stock, where an outright sale is not possible or desirable,
we can help develop and implement strategies that aim to diversify your portfolio while retaining
control of the stock and any voting rights and dividend payments associated with it. Other strategies
can help you protect the downside of the position with no out-of-pocket, upfront expense.
Rule 10b5-1 Trading Plans
Many executives and other insiders of publicly traded corporations have their own net worth highly
concentrated in company stock and employee stock options. By establishing a Rule 10b5-1 Trading
Plan, we can help you to diversify your portfolio in an orderly and controlled fashion, even through
insider black-out periods, at the prices and pace you are comfortable with.
Restricted and Control Stock Strategies
We are fully prepared to assist you in the sale of restricted or control stock in compliance with
the applicable laws. If an outright sale is not appropriate, we have experience with a number of
alternative strategies for accessing liquidity in restricted or control stock for qualified investors.
Corporate Executive Services
16
With half a century of experience, Oppenheimer Asset Management has earned a reputation for
creativity and innovative investment management. We integrate traditional and non-traditional
portfolios into a unified solution while offering ready access to managers we believe to be
among the best in the investment management universe – both within and outside the firm.
We are dedicated to helping our clients preserve and accumulate wealth, by providing a
personal, tailored approach to money management combined with a breadth of capabilities all
found within a single source.
Please refer to the Important Information page.
Oppenheimer Asset Management
17
Develop anInvestment Profile
Build an Asset Allocation Strategy
3IdentifyInvestment Managers
Monitor Progress4
1
2
You and your Financial Advisor begin the
investment process with an assessment of your
financial goals, objectives and tolerance for risk.
Based on these inputs, an investment plan
is developed.
Once you have approved your investment plan, an
asset allocation strategy is developed, blending
sophisticated modeling techniques with a personal
assessment of your circumstances.
To execute your asset allocation strategy, we
offer access to a broad range of asset classes.
From traditional to nontraditional strategies
including discretionary separate accounts,
mutual funds and alternative investments,*
we can help you select appropriate investment
vehicles to fulfill your strategy.
Once an investment plan is in place, we use a
formal review process to help ensure that your
plan is working towards the stated goals.
1. Information Gathering and Investment Profile
2. Asset Allocation Strategy
3. Investment Selection
4. Monitoring your Progress
* Alternative investments such as Hedge Funds and Fund of Funds are made available only to qualified investors and involve various degrees of risk. Specific standards must be
met before investing; generally; individual investors must have a net worth of $1.5 million and entities must have assets of at least $5 million to invest.
The Oppenheimer Investment Process
18
Information Gathering and Investment Profile
Clearly define
investment objectives
Establish investment
guidelines
Outline criteria for
screening managers
Establish monitoring
and reporting procedures
You and your Financial Advisor begin the investment process with an
assessment of your financial goals, objectives and tolerance for risk.
Based on these inputs, an investment plan is developed.
Gather Appropriate
Information
Review and analyze
current investment
activities/performance
Determine
Objectives
and Constraints
Develop an
Investment Plan
Return: Need for
income vs. growth
Time horizon
Risk tolerance
Tax and legal issues
Liquidity requirements
Other unique
circumstances
19
Asset Allocation and Diversification
Based on your investment plan, an asset allocation strategy is developed. Because individual asset classes that
are in favor one year may be out of favor the next year, we believe proper diversification is critical.
Ranking of Investment Categories from Best to Worst Over the Last 20 Years
January 1990 through December 2009. Source: Ibbotson Associates, Chicago. Indices shown represent total return. All indices are unmanaged and are not investment vehicles. Index performance does not reflect the impact
of transaction or management costs and other fees and expenses that would be incurred if actual investments had been made. Representative indices: Large-Cap Value - S&P 500/Barra Value Index; Large-Cap Growth - S&P
500/Barra Growth Index; Mid-Cap - Russell MidCap Index; Small-Cap Value - Russell 2000 Value Index; Small-Cap Growth - Russell 2000 Growth Index; International - MSCI EAFE Index; Bonds - LB IT Gvt/Credit: Lehman
Brothers Intermediate Term Government/Credit Index. The information and statistical data contained herein have been obtained from sources that we believe to be reliable, but are in no way warranted by us as to accuracy
or completeness. Past performance is no guarantee of future results. For illustrative purposes only and not intended to depict or predict the performance of any specific investment.
20
Investments with low correlation
can help reduce risk for the overall
portfolio even though they may be
highly volatile on their own.
Risk
Ret
urn
100% International Equity
100% US Equity Large Cap
65% US Equity Large Cap / 35% International Equity
Risk vs. Return
The benefit of diversification is that it may help an investor to reduce the portfolio’s
overall volatility without necessarily reducing its expected return.
Source: Ibbotson Associates, Inc., for illustrative purposes only. The information and statistical data contained herein have been obtained from sources
which we believe to be reliable but in no way are warranted by us as to accuracy. Past performance is no guarantee of future results.
Risk and Return
21
US Equity Small and Mid
CapUS Fixed Income
International Equity
US Equity Large Cap
When building a portfolio of
complementary managers,
each manager has a specific
objective and style that, when
combined, results in an
overall portfolio that can help
meet your needs.
Sample Allocation
* Alternative investments such as Hedge Funds and Fund of Funds are made available only to qualified investors and involve various degrees
of risk. Specific standards must be met before investing; generally; individual investors must have a net worth of $1.5 million and entities
must have assets of at least $5 million to invest.
The sample asset allocations above are for illustrative purposed only and are not intended as a recommendation to buy or sell.
To execute your asset allocation strategy, we offer access to a broad range
of asset classes. From traditional to nontraditional strategies including
discretionary separate accounts, mutual funds and alternative investments,*
we can help you select appropriate investment vehicles to fulfill your strategy.
Investment Selection
22
Organization
Investment Process
Client Service
Performance
Oppenheimer’s
proprietary due
diligence process
emphasizes objectivity
and discipline,
concentrating on
four key elements:
Several investment managers will
be identified for you based on your
individual Investment Plan,
Risk/Return profile and Portfolio
preferences and restrictions.
Registered Investment Managers
Oppenheimer Asset Management has screened thousands of
investment managers
Oppenheimer Asset Management
proprietary database (200+)
Chosen by Client(3+)
Manager search for Client (10+)
Note: Chart illustration is a sample
Due Diligence and Manager Selection
23
Once an investment
plan is in place, we
use a formal review
process to help ensure
that your plan is
working towards the
stated goals.
Our review process includes:
Monitoring Your Progress
Adjustment for changes in your situation
Objective analysis
Review of your goals
Review of Investment Policy Statement
Quarterly performance measurement
Consolidated reporting
24
Public Equity Securities
Selected Recent Transactions
*Transaction completed prior to Oppenheimer's acquisition in January 2008 of certain of CIBC World Markets'
investment banking and capital markets businesses in the U.S., Israel, Europe and Asia.
25
Selected Recent Transactions
Fixed Income Securities / Advisory Services
*Transaction completed prior to Oppenheimer's acquisition in January 2008 of certain of CIBC World Markets'
investment banking and capital markets businesses in the U.S., Israel, Europe and Asia.
26
Credit Transactions
Selected Recent Transactions
Private Placements
*Transaction completed prior to Oppenheimer's acquisition in January 2008 of certain of CIBC World Markets'
investment banking and capital markets businesses in the U.S., Israel, Europe and Asia.
27
Selected Recent Transactions
Public Finance
$10,005,000
Unified School District No. 437
Shawnee County, Kansas
(Auburn-Washburn)
General Obligation Improvement
and Refunding Bonds,
Series 2008
Date: 11/17/2008
Sole Manager
$5,005,000
Galveston Independent
School District
Galveston County, Texas
Unlimited Tax Refunding
Bonds, Series 2008
Date: 12/23/2008
Senior Manager
$68,095,000
County of Bergen, New Jersey
General Improvement Bonds
Series 2008
Dated: 10/29/2008
Co- Manager
$10,000,000
The School District of North
Kansas City, Missouri
General Obligation Building
Bonds (Missouri Direct Deposit
Program), Series 2008
Dated: 10/28/2008
Sole Manager
$162,500,000
Health and Educational Facilities
Authority of the State of Missouri
Health Facilities Revenue Bonds
(Cox Health)
Series 2008
Dated: 09/10/2008
Co-Manager
$19,895,000
City of Galveston, Texas
Combination Tax and Revenue
Certificates of Obligation
Series 2008
Dated: 08/15/2008
Senior Manager
$39,370,000
North Kansas City, Missouri
Variable Rate Demand Hospital
Revenue Bonds
Series 2008
Dated: 06/23/2008
Financial Advisor
$60,250,000
Massachusetts Health and
Educational Facilities Authority
Revenue Bonds,
Quincy Medical Center Issue,
Series 2008
Dated: 05/15/2008
Sole Manager
$78,650,000
Michigan Strategic Fund
Limited Obligation Revenue Bonds
(Michigan House of
Representatives Facilities)
Series 2008 A
Dated: 03/01/2008
Co-Manager
$15,000,000
State of Ohio
Air Quality Development Authority
Revenue Bonds,
(Marion Ethanol Plant Project)
Series 2008
Dated: 01/31/2008
Senior Manager
$15,000,000
State of Ohio
Air Quality Development Authority
Revenue Bonds,
(Fostoria Ethanol Plant Project)
Series 2008
Dated: 01/31/2008
Senior Manager
$8,490,0000
Illinois Finance Authority
Sports Facility Revenue Bonds
(North Shore Ice Arena Project)
Series 2008
Date: 01/15/2008
Sole Manager
*Transaction completed prior to Oppenheimer's acquisition in January 2008 of certain of CIBC World Markets'
investment banking and capital markets businesses in the U.S., Israel, Europe and Asia.
28
Selected Recent Transactions
Public Finance
*Transaction completed prior to Oppenheimer's acquisition in January 2008 of certain of CIBC World Markets'
investment banking and capital markets businesses in the U.S., Israel, Europe and Asia.
$14,430,000
City of Valparaiso, Indiana
Economic Development
Revenue Bonds
(Valparaiso Family YMCA
Project), Series 2007
Date: 11/27/2007
Sole Manager
$28,500,000
Illinois Finance Authority
Sports Facility Revenue Bonds
(United Sports Organizations of
Barrington Project),
Series 2007
Date: 11/07/2007
Sole Manager
$57,350,000
The School District of North
Kansas City, Missouri
General Obligation Building Bonds
(Missouri Direct Deposit Program),
Series 2007
Date: 11/01/2007
Sole Manager
$32,200,000.00
The Industrial Development
Authority of
Platte County, Missouri
Transportation Refunding and
Improvements Revenue
Bonds Series 2007
Date: 10/01/2007
Sole Manager
$18,830,000
Anoka County, Minnesota
General Obligation Capital
Improvement Bonds,
Series 2007 D & E
Date: 07/01/2007
Sole Manager
$114,915,000
The Industrial Development
Authority of the City of
Kansas City, Missouri
Tax-Exempt Revenue Bond,
Series 2007
Date: 06/01/2007
Lead Manager
$18,000,000
Tax Increment Financing
Commission of
Kansas City, Missouri
Variable Rate Demand Taxable
Tax Increment Revenue Bonds
(President Hotel Project)
Date: 05/25/2007
Senior Manager
$20,000,000
Otter Tail County, Minnesota
Subordinate Exempt Facility
Revenue Bonds, ( Ethanol
Plant Project), Series 2007
Date: 05/01/2007
Sole Manager
$27,000,000
Kent County Building Authority,
Kent County, Michigan General
Obligation Bonds
Date: 05/01/2007
Financial Advisor
$22,000,000
City of Bluffton, Indiana
Subordinate Solid Waste
Disposal Facility
Revenue Bonds
Series 2007
Date: 03/15/2007
Sole Manager
$53,330,000
Angelina and Neches River
Authority Industrial
Development Commission
Environmental Facilities
Revenue, Series 2007
Date: 03/01/2007
Sole Manager
$25,000,000
Michigan State Hospital
Finance Authority
Healthcare Equipment Loan
Program, Multiple Series 2007
Date: 01/17/2007
Senior Manager
29
This presentation is intended for informational purposes only and is subject to change without notice.
Oppenheimer Asset Management is the name under which Oppenheimer Asset Management Inc. (OAM) does business. OAM and the
Oppenheimer Trust Company are wholly owned subsidiaries of Oppenheimer Holdings Inc., which also wholly owns Oppenheimer & Co. Inc.
(Oppenheimer), a registered broker/dealer and investment adviser. Securities are offered through Oppenheimer.
For further information about the products/programs available and their suitability for your portfolio, please contact your Oppenheimer
Financial Advisor. Any discussion of securities, including any hedge funds or other alternative investments, should not be construed as a
recommendation or an offer or solicitation to buy or sell interest in any such securities. Securities products offered or sold by Oppenheimer
will not be endorsed or guaranteed by Oppenheimer and will be subject to investment risks, including the possible loss of principal invested.
Alternative investments are made available only to qualified investors and involve varying degrees of risk.
Neither Oppenheimer, OAM, nor the Oppenheimer Trust Company provide legal or tax advice. However, your Oppenheimer Financial
Advisor will work with clients, their attorneys and their tax professionals to help ensure all of their needs are met and properly executed.
© 2010 Oppenheimer & Co. Inc. Member of All Principal Exchanges and Member SIPC. All rights reserved. No part of this presentation may
be reproduced in any manner without the written permission of Oppenheimer.
EXE040307RM1
Important Information