Updates

There are two options available for residents and local community members to have the opportunity to purchase the District’s general obligation bonds. The first, and least complicated, is through a Charles Schwab account. The second option is through any other broker (e.g. Fidelity or Edward Jones). There are a few key details that make this sale/purchase different from other investments that the investor should be made aware of:

• The investor has to have all accounts setup/paperwork complete prior to the order period on August 5 
• The order must be placed during the order period (morning of August 5, likely between 7-9a.m. PT)

The sale process happens quickly and by the end of the order period, it is likely that all bonds will be spoken for and no longer available for purchase.  

*These bonds are exempt from federal and state of Oregon income taxes and may not be suitable for all investors. Check with your investment or tax advisors before making a purchase.  

Order Through Charles Schwab:

1. Investor already has an account with Schwab or opens a new account.
2. Investor must contact a Schwab sales rep to request that an order be placed on their behalf during the anticipated order period
3. Piper will allocate the order directly to Schwab and the investor when the deal is done

Through Investor’s Current Broker:

1. Investor would need to talk to their broker (local agent), and have their broker reach out to the company’s trading desk
2. Note: Due to the complexity of these trades and payment procedures, brokers may choose not to accommodate their customers with this type of trade. It will be important to check with the company’s trading desk in advance on their willingness to accommodate this order.
3. Investor’s brokers trading desk would then need to contact Piper Sandler’s dealer sales person (Ryan Heide) who can place an order during the period for the broker.
4. Piper will deliver the bonds to that broker, the broker will then allocate them into the investor’s account.

As a reminder for either case, the order MUST be placed by the broker (either Charles Schwab or other) before or during the order period and the retail broker should add to the order notes that it is a "local retail order" for Piper to be able to recognize the source of the order within their system.