Jan/1/2020 Municipal bonds are debt obligations issued by states and local government to raise money for general purposes or to finance a specific project. Municipal bond investors receive a fixed tax-free interest payment semi-annually with the return of their principal on a specific maturity date. Unless otherwise specified, municipal bond obligations are exempt from all federal income taxes, are usually also exempt from state and local taxes in their state of issuance. The municipal bond market is compressed of 2 closely markets; the primary market and secondary market. In the primary market dealers such as Stoever Glass buy new issues. The secondary market is made up of bonds that have been bought and resold. The secondary market is the much larger of the two. And it is where sophisticated investors shop for bargains. Tax free muni bonds are a popular choice among investors. But tax exempt municipal bonds are more in demand than ever during unpredictable economic times. In addition to the tax-free status municipal bonds enjoy, the safety they provide is doubly in demand and during periods of increased stock market volatility. Feel free to check our website for educational articles you may like to read. Taxable Municipal Bonds: A very tiny portion of municipals are taxable debt obligations. They are an outgrowth of the Tax Reform Act of 1986, which put certain restrictions on the issuance of traditionally Tax-Exempt Securities. A taxable Municipal Bond is issued as a Private Purpose Bond to finance Public Purpose projects where the 10% private use limitation has been exceeded. We are Experts in Tax-Free Municipal Bonds!When we founded Stoever Glass & Co. over 50 years ago as specialists in Municipal Bonds, few other firms were dedicated to providing advice solely on bonds. As we’ve grown over the years we haven’t lost sight of our heritage and have embraced the fact that we are focused on fixed income. We are experts in municipal bonds. We strive to educate our clients and provide unparalleled expertise in finding the right bonds for every client. We Encourage You to Work with a Bond Expert! We offer a higher level of sophistication in bond investing to our clients. In the past you had to rely on a novice sales force of traditional firms whose brokers knew little about municipal bonds. Stoever Glass can provide you with the professional expertise and extensive resources typically available only to institutional investors. Our traders and salespeople do nothing but bonds; all day, every day! See the Difference Stoever Glass Can Make! Stoever Glass was founded specializing in tax-free bonds. Although we have added many services over the last 50 years to better serve our clients, we continue to believe that high quality fixed income investments can serve as the cornerstone of a balanced portfolio. Unlike many competitors, we offer individual investors direct access to municipal bonds in both the primary and secondary markets. While some of our clients are looking to buy and hold, others are interested in trading opportunities. We provide the opportunities that each client is looking for with a full service trading desk, current market information, and investing opinions and research designed to help our clients make informed decisions. We provide competitive yields because our active municipal bond trading desk identifies and purchases hundreds of attractively priced bonds every day so we can pass the savings along to you in the form of higher yields. We encourage you to work with a bond expert! The centerpiece of our educational series is The Municipal Bond Portfolio Planning Kit. Abou US: – For over 50 years Stoever Glass has continuously scoured the municipal bond market for undervalued bonds for clients and we are able to find them every day. Sometimes it’s a few basis points sometimes its many points. We handle municipal bonds of every state, every maturity, every rating and from 5 bonds to a million or more. Over the years we have added services and products that complement our fixed income heritage. We offer Corporate Bonds with a variety of ratings. Taxable Municipal Bonds as well as US Government Agency Bonds and FDIC insured Certificates of Deposit. We are located at 30 Wall Street but our clients are located throughout the United States. Contact US: New York, NY 30 Wall Street New York, NY 10005 Phone: 212.952.1910 Toll Free: 800.223.3881 Fax: 212.952.1925