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Municipal Bond
Management


Benefits of Value Added Municipal Management

Enhanced portfolio return
Structured portfolio designed to meet your income and liquidity needs
Strong Asset Quality
Tax-Free Income Flow
Seek best possible prices
on purchases and sales

Management Strategies

Evaluating Markets
A large broker-dealer network allows Catawba Capital Management to examine most bond issues available in the marketplace. Current inventories are delivered to us daily. Most secondary bond issues are sold through a “bid wanted” process. We utilize this process for the advantage for our clients.

Purchasing Mispriced and Information Sensitive Bond Issues
We believe the broker dealer community relies too much on general information, often out of date. Callable bonds yield more than “on the run” issues. Researching these issues provide valuable call information that other firms may not gather, resulting in higher yields for our clients.

Investing Primarily in the Secondary Market           
Significant cost savings can be realized by the client. Secondary issues continue to offer higher returns than what is available in the new issue market. Extensive bond information files are maintained and updated to gain pricing advantages. We believe direct bidding on these items adds value to all bond accounts.

Utilizing Proactive Management
Many investment managers simply buy the new issue and hold to maturity. We believe constant monitoring and adjustment produces consistently higher performance. Catawba Capital Management structures portfolios to produce the maximum returns for a given level of interest rate risk.

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