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5/10/2013Market Performance

S&P Indices
Municipal Bonds
S&P National Bond Index 3.00% 0.02
S&P California Bond Index 2.96% 0.02
S&P New York Bond Index 3.13% 0.02
S&P National 0-5 Year Municipal Bond Index 0.70% 0.01
S&P/BGCantor US Treasury Bond 400.09 -0.87
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Income Equities:
Preferred Stocks
S&P U.S. Preferred Stock Index 848.03 -1.02
S&P U.S. Preferred Stock Index (CAD) 636.26 5.15
S&P U.S. Preferred Stock Index (TR) 1,701.05 -1.30
S&P U.S. Preferred Stock Index (TR) (CAD) 1,276.26 10.89
REITs
S&P REIT Index 174.07 -0.65
S&P REIT Index (TR) 425.30 -1.56
MLPs
S&P MLP Index 2,469.58 14.93
S&P MLP Index (TR) 5,428.50 32.82
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Income Security Dividends

Security Amount Ex-Div Date
AESYY $0.28 IAD increased from 0.0303 to 0.2771   May 16
AQN PRA $0.28   Jun 12
BAM PFA $0.28   Jun 12
BAM PFB $0.26   Jun 12
BAM PFC $0.30 IAD decreased from 0.4119 to 0.3031   Jun 12
BAM PRG $0.24   Jul 11
BAM PRJ $0.34   Jun 12
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Report Card Published On World's Top 10 Economic Centers

LONDON Nov. 2, 2006 - The world's top 10 economic centers all have investment-grade credit ratings, reflecting the importance of economic performance as a key factor when evaluating local government creditworthiness, according to a first-ever Report Card, "The World's Top 10 Economic Centers," published today by Standard & Poor's.

A strong, dynamic, and diversified economy often correlates with robust and growing tax revenues with positive implications on a government's financial flexibility and budgetary performance, the report notes.

Standard & Poor's selected the "top 10" economic centers based on:

-- the economic importance of the countries in which they are located (all of which are G8 members);

-- their role as the major economic center(s) in their respective country;

-- the depth of the services that they provide as well as the economic importance that each city provides to its respective service area and to the country as a whole; and

-- their size (each has at least one million inhabitants).

Based on these criteria, the top 10 rated economic centers are:

-- City of Paris (AAA/Stable/--);

-- Greater London Authority (AA+/Stable/--);

-- City of Los Angeles (AA/Stable/--);

-- City of Madrid (AA/Stable/A-1+);

-- City of Toronto (AA/Stable/A-1+); and

-- City of Yokohama (AA-/Positive/--).

-- City of Chicago (AA-/Stable/--);

-- City of New York (AA-/Stable/--);

-- City of Milan (A+/Stable/--);

-- City of Moscow (BBB+/Stable/--);

The Report Card discusses how each of these cities is performing in regard to revenues and spending. Data are provided to enable the cities to be compared by a variety of economic and financial statistics. The major credit-related strengths, weaknesses, and outlook are provided for each as well. In addition, they are ranked by GDP per capita, revenues per capita, relative level of capital expenditures, and unemployment rate.


Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries. Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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