PROPOSED NEW ISSUE RATING S&P (AA+) Stable Outlook $53,690,000* ILLINOIS FINANCE AUTHORITY LOCAL GOVERNMENT PROGRAM REVENUE BONDS, SERIES 2019 (Elmhurst Community Unit School District Number 205 Project) ELMHURST COMMUNITY UNET SCHOOL DeSTRICT 205 Anticipated date of offering on or about JULY 23, 2019 The offering of bonds will be made only by the Official Statement, which describes the security for such issue and which may be obtained in any state in which the undersigned may lawfully offer such issue. For more information on the district and the bond offering, please contact the advisors listed below for a Preliminary Official Statement. RAYMOND JAMES Terri Schachner 331.225.3282 terri.schachner@raymondjames.com This is neither an offer to sell nor a solicitation to buy any security. A credit rating of a security is not a recommendation to buy, sel or hold securities and may be subject to review, revisions, suspension, reduction or withdrawal at any time by the assigning rating agency. A decision to purchase the bonds is an investment decision that should only be made after a complete review and understanding of the terms of the bonds, including investment risks. No decision should be made prior to receipt and review of the Preliminary Official Statement and applicable pricing information. Interest is generally exempt from federal taxation and may also be free of state and local taxes for investors residing in the state and/ or locality where the bonds are issued, However, bonds may be subject to federal altemative minimum tax (AMT), and profits and losses on tax-exempt bonds may be subject to capital gains tax treatment Raymond James& Associates, Inc., member New York Stock Exchange/SIPC. Raymond James Financial Services, Inc, member FINRA/SIPC. Preliminary, subject to availability and price change PROPOSED NEW ISSUE RATING S&P (AA+) Stable Outlook $53,690,000* ILLINOIS FINANCE AUTHORITY LOCAL GOVERNMENT PROGRAM REVENUE BONDS, SERIES 2019 (Elmhurst Community Unit School District Number 205 Project) ELMHURST COMMUNITY UNET SCHOOL DeSTRICT 205 Anticipated date of offering on or about JULY 23, 2019 The offering of bonds will be made only by the Official Statement, which describes the security for such issue and which may be obtained in any state in which the undersigned may lawfully offer such issue. For more information on the district and the bond offering, please contact the advisors listed below for a Preliminary Official Statement. RAYMOND JAMES Terri Schachner 331.225.3282 terri.schachner@raymondjames.com This is neither an offer to sell nor a solicitation to buy any security. A credit rating of a security is not a recommendation to buy, sel or hold securities and may be subject to review, revisions, suspension, reduction or withdrawal at any time by the assigning rating agency. A decision to purchase the bonds is an investment decision that should only be made after a complete review and understanding of the terms of the bonds, including investment risks. No decision should be made prior to receipt and review of the Preliminary Official Statement and applicable pricing information. Interest is generally exempt from federal taxation and may also be free of state and local taxes for investors residing in the state and/ or locality where the bonds are issued, However, bonds may be subject to federal altemative minimum tax (AMT), and profits and losses on tax-exempt bonds may be subject to capital gains tax treatment Raymond James& Associates, Inc., member New York Stock Exchange/SIPC. Raymond James Financial Services, Inc, member FINRA/SIPC. Preliminary, subject to availability and price change