Investor Presentation: General Obligation Bonds Consolidated Loan of 2020
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TENSIS
Disclaimer
This presentation has been prepared by The Commonwealth of Massachusetts, as of November 10, 2020, to provide summary
information relative to the proposed offering of The Commonwealth of Massachusetts General Obligation Bonds Consolidated Loan
of 2020, Series E, General Obligation Refunding Bonds 2020, Series D, and General Obligation Refunding Bonds 2020, Series E
(Federally Taxable). The presentation is incomplete. The information contained in this investor presentation speaks only as of the
date such information was prepared and has not been updated since that date. Accordingly, such information may not address all
factors which may be material to an investor and may contain omissions of fact or statements that are not accurate because of the
passage of time or changes in facts or circumstances subsequent to the date of such information. The presentation is not part of the
Commonwealth's Information Statement (Information Statement) and is qualified in all respects by reference to the most recently
updated Information Statement that has been filed with the Municipal Securities Rulemaking Board through its Electronic Municipal
Market Access (EMMA) system. The Commonwealth is under no obligation to update any of the information set forth in this investor
presentation.
Investment decisions relating to Commonwealth general obligation bonds and notes should be based only upon the most recently
updated Information Statement and the Official Statement of the Commonwealth relating to such bonds or notes. The provision of
access to this presentation does not constitute an offer to sell or the solicitation of an offer to buy any bonds or notes that may be
described or mentioned in the presentation. Commonwealth bonds and notes are sold only by means of an Official Statement and
through registered broker-dealers.
The information set forth herein includes information obtained from non-Commonwealth sources that are believed to be reliable, but
such information is not guaranteed as to accuracy or completeness and is not to be construed as a representation by the
Commonwealth as Issuer of the Bonds, Morgan Stanley & Co. LLC as Representative of the Underwriters, nor PFM Financial
Advisors LLC as Financial Advisor. All information and expressions of opinion herein are subject to change without notice. The
Commonwealth undertakes no obligation to provide any additional information or to update any of the information or the
conclusions contained herein or to correct any inaccuracies that may become apparent.
This presentation contains certain forward-looking statements that are subject to a variety of risks and uncertainties that could
cause actual results to differ from the projected results, including without limitation general economic and business conditions,
conditions in the financial markets, the financial condition of the Commonwealth and various state agencies and authorities, receipt
of federal grants, litigation, arbitration, force majeure events and various other factors that are beyond the control of the
Commonwealth and its various agencies and authorities. Because of the inability to predict all factors that may affect future
decisions, actions, events or financial circumstances, what actually happens may be different from what is set forth in such forward-
looking statements. Forward-looking statements are indicated by use of such words as “may,” “will,” “should,” “intends,” “expects,"
"believes," "anticipates," "estimates" and other similar words.View entire presentation