Agenda - 06-17-2014 - 6h - Laserfiche WebLink

Browse Search

of May 30, 2014 11:31 am Prepared by DBC Finance (Finance 7.008 Orange County: GO-REF 05B,REF05B) Page 9 IMPORTANT DISCLOSURES Orange County, North Carolina General Obligation Refunding Bonds, Series 2015 Refunding of Series 2005B GO Bonds Wells Fargo Indicative Forward Direct Purchase Rate as of May 30, 2014 In the event that the Materials include information related to a bank- purchased bond transaction ( "Direct Purchase "), please be advised that Direct Purchase is a product offering of Wells Fargo Bank, N.A. or a subsidiary thereof ( "Purchaser ") as purchaser /investor. Wells Fargo Securities will not participate in any manner in any Direct Purchase transaction between you and Purchaser, and Wells Fargo employees involved with a Direct Purchase transaction are not acting on behalf of or as representatives of Wells Fargo Securities. The information contained herein regarding Purchaser's Direct Purchase is being provided to you by Wells Fargo Securities only for purposes of providing you financing alternatives that may be available to you from Wells Fargo & Company and its affiliates. Information contained in this document regarding Direct Purchase is for discussion purposes only in anticipation of engaging in arm's length commercial transactions with you in which Purchaser would be acting solely as a principal to purchase securities from you or a conduit issuer, and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity regardless of whether Purchaser, or an affiliate has or is currently acting as such on a separate transaction. Additionally, Purchaser has financial and other interests that differ from your interests. Purchaser's sole role would be to purchase securities from you (or the issuer in case of a conduit transaction). Wells Fargo Securities will not have any duties or liability to any person or entity in connection with the information being provided herein. The information provided is not intended to be and should not be construed as "advice" within the meaning of Section 15B of the Securities Exchange Act of 1934.