Tax-Exempt Municipal Bonds Community College District No. 509 (Elgin Community College) Counties of Kane, Cook, DuPage, McHenry Elgin Community College and DeKalb and State of Illinois $63,520,000* General Obligation Refunding Bonds, Series 2021B Order Period: Tuesday, January 19, 2021* Maturity dates from December 15, 2021 2035 Interest will be paid semi-annually beginning June 15, 2021 Rated Aaa (Stable Outlook) by Moody's investors Service Interest on the 2021B Bonds is excludable from gross income of the owners thereof for federal income tax purposes and is not included as an item of tax preference in computing the federal alternative minimum tax for individuals. Interest on the 2021B Bonds is not exempt from present State of Illinois income taxes. This announcement is neither an offer to sell nor a solicitation to buy these securities, nor shall this announcement constitute an offer to sell or a solicitation of an offer to buy these securities in any state in which such offer or solicitation would be unlawful. For a copy of the Preliminary Official Statement, contact a Baird financial advisor. Baird BAIRD 847-551-8151 (Elgin) 630-368-3340 (Oakbrook) 847-501-2000 (Winnetka) Municipal bondshnotes are not suitable for all investors, especially those in a lower tax bracket. Ratings are measured on a scale that generally ranges from AAA or Aaa (highest) to D or C (lowest). Bondshnotes are subject to market fluctuation and interest rate risk and may be worth more or less than original cost if sold prior to maturity "Preliminary. Subject to change. ©2021 Robert W. Baird & Co. Incorporated. Member SIPC. MC-545800. Tax-Exempt Municipal Bonds Community College District No. 509 (Elgin Community College) Counties of Kane, Cook, DuPage, McHenry Elgin Community College and DeKalb and State of Illinois $63,520,000* General Obligation Refunding Bonds, Series 2021B Order Period: Tuesday, January 19, 2021* Maturity dates from December 15, 2021 2035 Interest will be paid semi-annually beginning June 15, 2021 Rated Aaa (Stable Outlook) by Moody's investors Service Interest on the 2021B Bonds is excludable from gross income of the owners thereof for federal income tax purposes and is not included as an item of tax preference in computing the federal alternative minimum tax for individuals. Interest on the 2021B Bonds is not exempt from present State of Illinois income taxes. This announcement is neither an offer to sell nor a solicitation to buy these securities, nor shall this announcement constitute an offer to sell or a solicitation of an offer to buy these securities in any state in which such offer or solicitation would be unlawful. For a copy of the Preliminary Official Statement, contact a Baird financial advisor. Baird BAIRD 847-551-8151 (Elgin) 630-368-3340 (Oakbrook) 847-501-2000 (Winnetka) Municipal bondshnotes are not suitable for all investors, especially those in a lower tax bracket. Ratings are measured on a scale that generally ranges from AAA or Aaa (highest) to D or C (lowest). Bondshnotes are subject to market fluctuation and interest rate risk and may be worth more or less than original cost if sold prior to maturity "Preliminary. Subject to change. ©2021 Robert W. Baird & Co. Incorporated. Member SIPC. MC-545800.