Time - USA (2021-12-27)

© 2021 Hennion & Walsh Inc. Securities offered through Hennion & Walsh Inc.

Member of FINRA, SIPC. Investing in bonds involves risk including possible loss of

principal. Income may be subject to state, local or federal alternative minimum tax.

When interest rates rise, bond prices fall, and when interest rates fall, bond prices

rise. *Source: Moody’s Investors Service, July 9, 2021 “US Municipal Bond Defaults

and Recoveries, 1970–2020.” Past performance is not a guarantee of future results.

FREE BOND GUIDE

without cost or obligation

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In the Bond Guide, you’ll learn:

• The benefits and risks of municipal bonds


• Strategies for smart bond investing


• Municipal bond facts every investor should know

A STRAIGHTFORWARD INCOME?

INVEST IN HIGHWAYS.

Discover why now may be a good time for municipal bonds

In today’s particularly unstable economy, aiming for

secure sources of income is more relevant than ever.

Tax-free municipal bonds (often issued to fund major

infrastructure projects) offer two significant benefits.

They can provide historically low risk, and income

from bonds is federally tax free.

With municipal bonds, investors are paid back the full face

value of their investment at maturity (or earlier, if called)

unless the bond defaults. This historically low riskÊ

is essential for many investors, particularly those in, or

close to, retirement. In *ULY of , Moody’s Investors

Service found that rated investment-grade municipal

bonds had an average cumulative 10-year default rate of

just 0.10% between 1 9 70 and . Therefore, they can

be an important part of your portfolio.

Income from municipal bonds is not subject to federal

income tax and, depending on where you live, may

also be exempt from state and local taxes. Ta x-f r ee

income can be a big attraction for many investors.

Since 1 99 0, Hennion & Walsh has specialized

in investment-grade, tax-free municipal bonds.

The company supervises over $3 billion in assets in

over 16,000 accounts, providing individual investors

with discipline, personal service and integrity.

In case you want to know more about the benefits

of tax-free municipal bonds, we now have an offer

for you. Our specialists have created a helpful

Bond Guide for investors. It’s free and comes with

no obligation whatsoever.