Collateralized Mortgage Obligations Current OfferingsAs of 03/10/2010 Coupon: xxx% Anticipated Yield x.xx% to x.x Year Average Life Specific Tranche - xxxxxx Final Maturity Date: x/xx/xxxx xxxxxxx
The yield and average life shown above reflect prepayment assumptions that may or may not be met. Changes in payments may significantly affect yield and average life. Please contact your representative for information on CMOs and how they react to different market conditions.
OFFERED SUBJECT TO PRIOR SALE AND PRICE CHANGE. Government agency backing applies only to the face value of the CMO and not to any premium paid. Market value subject to change based on mortgage rates and changes in current interest rates. Yields and anticipated lives will fluctuate depending on the actual rate at which mortgage holders prepay the mortgages underlying the CMO and changes in current interest rates. Potential investors should read and review with their investment professional the David Lerner Associates, Inc. booklet "An Investor’s Guide to CMOs" for a discussion of tax considerations, minimum investments, average life, transaction costs and a list of questions an investor should ask before investing. This booklet also features a glossary of terms. Neither the information nor any statement expressed or implied herein, constitutes solicitation by David Lerner Associates, Inc. for the purchase or sale of any securities.  The best way to find out about what we do is to make an appointment with one of our investment counselors.
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