Terraces at Bonita Springs Project

Proposed Tax-Exempt Municipal Bond

The Terraces at Bonita Springs Project
$144,455,000*

Alachua County Health Facilities Authority
Health Facilities Revenue Bonds
(Terraces at Bonita Springs Project) | Series 2011

Tax Status: Federally Tax-Exempt
Maturity: November 15, 2046 (additional maturities available)

For more information about investing in these bonds, please review the preliminary official statement and contact your Ziegler financial advisor or our .

*Subject to availability. The taxable equivalent yield measures what an investor would have to earn on a taxable investment in order to match the yield provided by a tax-exempt municipal bond. It is only one factor to consider when purchasing a security. The series 2011 bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held and, if sold prior to maturity, the yield received may be more or less than the yield calculated at time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.

The corporation or its officers, directors, stockholders or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. This communication does not constitute an offer to sell or a solicitation as an offer to buy these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your financial advisor before deciding whether to invest in these securities.