Investor Presentaiton

ONE INVESTMENT WHAT CAN MUNICIPALITIES DO? • A Municipality can: • Continue to restrict its investments to the Legal List; or • Move to the PI standard by: . • Establishing its own investment board (IB) or, with one or more other municipalities, establishing their own joint investment board (JIB) Investing through an existing IB or an existing JIB • Move from the Legal List to the PI standard if it meets the requirements. However, a municipality cannot move back to the Legal List without a regulation OPTION A OPTION B 59

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