HJ Sims Market Commentary: The Red, White and Blue

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Tilting

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Sinkers and Curves

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: End of an Era

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: One Day at a Time

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: The ESG Lineup

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Friend or Foe?

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Dancing in the Clouds

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Mega Meta Menu

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Strictly Personal, 87 Years Later

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Thoroughfares and Flows

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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An Exclusive Investment Opportunity: The Gathering Place

**This financing has been successfully closed. Please contact you advisor for any potential secondary market opportunities.**

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$25,315,000*
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION

Education Revenue Bonds
TGP Public Schools d/b/a The Gathering Place
Series 2022

Series 2022A Education Revenue Bonds $25,135,000*
Series 2022B Taxable Education Revenue Bonds $180,000*

HJ Sims is pleased to serve as sole underwriter for The Gathering Place, a single-site charter school in its second year of operations in San Antonio, Texas.

The Gathering Place is one of the only public schools offering project-based learning (“PBL”) in San Antonio and the surrounding market. The school currently serves K-3 students, and will grow organically by one grade level per year to reach K-8. The Gathering Place is already educating over 500 students in year two of operation for grades K-3 due to the high-demand PBL model. At full enrollment, the school will serve more than 1,400 students each year. The school received 461 applications for an estimated 175 new seats available for the 2022-23 school year, leaving 286 students on the waitlist.

About the Bonds

  • Series 2022A Education Revenue Bonds $25,135,000*
    • Non-rated, tax-exempt
    • Bonds are exempt from Federal Income Tax
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • First principal payment: August 15, 2029
    • Final maturity: August 15, 2062 (multiple maturities offered)
  • Series 2022B Taxable Education Revenue Bonds $180,000*
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • Principal payment: August 15, 2024

Use of Bond Proceeds

  • Exercise lease purchase option for land and buildings
  • Fund playground for school
  • Fund debt service reserve fund & costs of issuance

Security

  • Secured by a Construction Fund
  • Secured by a Debt Service Reserve Fund
  • Gross revenue pledge

 Key Financial Covenants

  • 1.10x Debt Service Coverage Ratio, tested annually
  • 45 Days Cash on Hand ratio, tested annually

We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of April 25, 2022, and anticipated settlement during the week of May 9, 2022. For more information including risks, please read the Preliminary Official Statement in its entirety. If you have interest in purchasing these bonds, please contact your HJ Sims financial professional as soon as possible.

*Subject to change

No dealer, broker, salesperson, or other person has been authorized to give any information or to make any representation other than those contained in the Preliminary Official Statement and, if given or made, such other information or representation should not be relied upon as having been authorized by the Issuer, the Borrower, or the Underwriters. The information set forth herein has been obtained from the Issuer, Borrower, and other sources that are believed to be reliable, but is not guaranteed as to accuracy or completeness by, and is not construed as a representation of, the Underwriters. The information contained herein is subject to change without notice. Under no circumstances shall this constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering or solicitation will be made only to investors pursuant to the Preliminary Official Statement, which should be read in its entirety. Investments involve risk including the possible loss of principal. HJ Sims is a member of FINRA and SIPC, and is not affiliated with TGP Public Schools d/b/a The Gathering Place.

HJ Sims Market Commentary: Going Gray

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: A Bushel and a Peck

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Proud as a Peacock

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Eyes on Teasuries

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: CONOPS For Investors

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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HJ Sims Market Commentary: Piano Concerto for the Left Hand

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Paul Wittgenstein was one of eight children born into a wealthy Vienna family in 1887. His parents frequently welcomed into their warm parlor some of the world’s most prominent composers: Johannes Brahms, Gustav Mahler, Richard Strauss. Living through, and serving in World War I, Paul’s story, like many others — then and now — is one of survival and determination.

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HJ Sims Expands Public Finance Education Practice

Richard Harmon

HJ Sims is pleased to announce the addition of two senior bankers, Richard Harmon and Robert Nickell, expanding the firm’s public finance education practice. The HJ Sims public finance team provides comprehensive capital planning, structure and execution for charter schools, public and private education systems and institutions.

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HJ Sims Market Commentary: Hikes

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By the time he turned five, Harvey “Little Man” Sutton of Lynchburg, Virginia, had spent a remarkable 11% of his life on the Appalachian Trail, hiking more than 2,190 miles through 14 states in 209 days, starting with his first steps up on Georgia’s Springer Mountain in January of 2021, and ending with the final celebratory steps in August atop Mount Katahdin. To maintain or hike is just one of the many questions also facing the Federal Open Market Committee, a very special subgroup of U.S. central bank whose statements and actions drive the global markets.

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