by John Beagle
Today is the last chance to invest in the Monroe schools and possibly get all your money back plus a return of 5% or so. Monroe School Bonds will be available for a short time tomorrow, Tuesday, January, 12, 2010. Here are the details:
From the office of the Treasurer:
The
attached letter from Andy Brossart outlines who investors should call
to get set up for purchasing the bonds. The bonds will be sold on
Tuesday, January 12, 2010 in increments of $5,000. Let me know if you
have questions.
Kelley Thorpe
Monroe Local Schools Treasurer
Local Investors Letter 1-5-10.pdf"
Residents of Monroe get first dibs on the bonds. Then they go out to the general market.
Contents of the Letter: (For those who can not read a pdf file)
Fifth Third Securities, Inc. will be offering for sale the Monroe Local School District Series 2010
$980,000.00 Lease Purchase Revenue Bonds on January 12th, 2010.
Monroe
School District residents will have access to purchase these bonds on
the day of pricing, January 12th, 2010. Prior to this date, interested
investors will need to contact the below listed Fifth Third Securities
Representative. Interested i nvestors will need to meet with a licensed
Fifth Third Securities Representative and open an investment account in
order to purchase these bonds. The Bonds are offered in increments of
$5,000.00.
The initial contact at Fifth Third Securities, who will set up appointments, is Melissa Wilson. Her contact
information is listed below.
Melissa Wilson
Licensed Sales Assistant
Fifth Third Securities
580 Wessel Dr
Fairfield OH 45014
513-858-8413
fax 513-858-8415
If there are any questions, please call me at (513) 534-6366.
Respectfully,
Andrew J. Brossart, CPA
Vice President, Public Finance
Note Interest Rate Esitmates from Melissa:
1 yr 1.5%
2 yr 1.75%
3 yr 2.0%
You can buy up to 20 year bonds which are estimated to pay out 5.25%
Bonds are available in $5000 increments.
You can get a 5/3rd account at Monroe Krogers, you need to have this to buy the bonds.
It is expected that the bonds will sell out within 2 hrs on Tuesday.
These
bonds go on sale tomorrow. They are expected to sell out in 2 hours.
Monroe residents get first shot at these, so if you are interested, you
need to act today to get an account setup. Call Melissa Wilson at the number above.
Discuss: Monroe Local Schools Bonds
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