Smith's NEW Virtual High Yield Municipal Bond Conference
— Where the focus is on you!
Join us. We are moving Smith's 2020 High Yield Municipal Bond Conference to a new virtual world.
We’re creating a rich, red carpet experience for our conference participants that includes:
- Networking Rooms
- Face-to-Face Private Conversations
- Timely Interactive and Informative Panel Discussions
- Big Screen Presentations with Low Latency Live-Streaming Video Feeds
- Green Room Support and "Broadway" Directors
- Seasoned Production Professionals
- and More.
**Please note members of the press/media are not allowed at this event**
A tribute to Bill Smith, Partner at McDermott Will & Emery and a champion of municipal restructurings was held during Smith's High Yield Municipal Bond Conference:
Financing the infrastructure of tomorrow through today's high yield municipal bond market.
Smart investors know that playing it safe in a low rate environment requires reaching for higher yielding investments. Smith’s High Yield Municipal Bond Conference examines the nexus of technical demand along with the nature and durability of revenues that support the repayment of high-yield bonds over the next 30 years.
Market experts will explain how to read between the lines to see what is missing from today's high yield municipal bond documents. Technical experts will investigate how to unlock hidden value within municipal bond portfolios using OAS analysis. High Yield investors will talk about the various pitfalls and opportunities in Higher Education, Charter Schools, Assisted Living, Transportation, Public Power and Project Finance.
Technical factors like Mega Deals can disrupt traditional analysis and create liquidity traps. Yet, these large high yield municipal bond deals are building a stronger infrastructure and making large scale development possible.
The quest for higher yielding after-tax returns is booming. Technical experts will talk about why the demand curve for tax-free investment is likely to increase over the next year. So, if you know to buy these risky credits, you can maximize yields and optimize returns for your portfolio.
Smith's NEW Virtual High Yield Municipal Bond Conference
— Where the focus is on you!
Join us. We are moving Smith's 2020 High Yield Municipal Bond Conference to a new virtual world.
We’re creating a rich, red carpet experience for our conference participants that includes:
- Networking Rooms
- Face-to-Face Private Conversations
- Timely Interactive and Informative Panel Discussions
- Big Screen Presentations with Low Latency Live-Streaming Video Feeds
- Green Room Support and "Broadway" Directors
- Seasoned Production Professionals
- and More.
**Please note members of the press/media are not allowed at this event**
A tribute to Bill Smith, Partner at McDermott Will & Emery and a champion of municipal restructurings was held during Smith's High Yield Municipal Bond Conference:
Financing the infrastructure of tomorrow through today's high yield municipal bond market.
Smart investors know that playing it safe in a low rate environment requires reaching for higher yielding investments. Smith’s High Yield Municipal Bond Conference examines the nexus of technical demand along with the nature and durability of revenues that support the repayment of high-yield bonds over the next 30 years.
Market experts will explain how to read between the lines to see what is missing from today's high yield municipal bond documents. Technical experts will investigate how to unlock hidden value within municipal bond portfolios using OAS analysis. High Yield investors will talk about the various pitfalls and opportunities in Higher Education, Charter Schools, Assisted Living, Transportation, Public Power and Project Finance.
Technical factors like Mega Deals can disrupt traditional analysis and create liquidity traps. Yet, these large high yield municipal bond deals are building a stronger infrastructure and making large scale development possible.
The quest for higher yielding after-tax returns is booming. Technical experts will talk about why the demand curve for tax-free investment is likely to increase over the next year. So, if you know to buy these risky credits, you can maximize yields and optimize returns for your portfolio.
8:30 am (All times are Eastern Standard Time)
CONFERENCE REGISTRATION
Coffee and Networking in The Exchange
8:45 am
PLATFORM TRAINING - Main Stage
Get the most out of your day. Learn about the features of Smith’s Virtual Conference Platform: Arrange a 1:1 Private Video Conversation With Other Attendees, Meet Up in The Exchange Networking Lounge and Sponsor Suites, Access Conference Materials, Chat Function, Ask a Question.
9:15 am
WELCOME REMARKS
Terence Smith
Chairman & CEO
Smith's Research & Gradings
9:30 am
WHAT WE’VE LEARNED ABOUT LEARNING DURING COVID
Panelists will discuss distinguishing features of schools successfully navigating the challenges currently facing colleges and universities and warning signs of future distress. The discussion will also focus on changes wrought by the COVID-19 crisis that are likely to be permanent as well as the impact on Student Housing.
Miyoko Sato
Member
Chair, Public Finance, Real Estate, Bankruptcy, and Environmental Division
Mintz
James Colby
Senior Municipal Strategist and Portfolio Manager
VanEck
Christopher Good
Director
RBC Capital Markets
Jessica Wood
Senior Director & Sector Leader
U.S. Public Finance
S&P Global Ratings
10:15 am
NEW "GREEN" DEALS
Not every new deal needs to be “GREEN” to be good. The issuance of Green bonds is up 63% over 2019 and more are in the pipeline. Will investors buy these bonds because they designated Green? Will investors pay more for Green? Panelists will also discuss ESG bonds in a variety of sectors.
Terence Smith
Chairman & CEO
Smith's Research & Gradings
Dan Aschenbach
President
AGVP Advisory
10:45 am
COFFEE NETWORKING BREAK
11:15 am
HAS COVID-19 LED TO INCREASED DEFAULTS?
Has the current COVID environment led to more defaults or has it just pushed bonds into default faster than they would have? Or, has COVID not really had an impact on distressed credits? Panelists will discuss in a roundtable setting.
Jonathan Chirunga
Deputy Director of Municipals
Managing Director, Portfolio Manager
Amundi Pioneer Asset Management
Jon Schotz
Co-Managing Partner
Saybrook Fund Advisors, LLC
Matt Fabian
Partner
Municipal Market Analytics
12:00 pm
THE PHOENIX AWARD PRESENTATION
Smith's High Yield Award for Contributions and Achievements Throughout the Year
Peter Bianchini, Preston Hollow Capital
12:15 pm
LUNCH BREAK
JAZZ INTERLUDE ON THE MAIN STAGE
Horn, Guitar, Bass, and Drums streaming live to your table.
1:00 pm
CAUSE, EFFECT AND SOLUTION
Healthcare’s Path Through the Pandemic and Beyond
The COVID-19 pandemic had some immediate and obvious financial and legal impacts on the senior living and hospital sectors with hits to the bottom line, bankruptcies, and defaults. Just when things were looking dire, we began to see progress with senior living and hospitals taking control of their own destinies. Panelists will discuss solutions and the prospects for recovery in 2021.
Nathan Coco
Partner
McDermott Will & Emery
Mary Jane Minier
Head of Opportunistic Credit Strategy
Fixed Income Municipals
Invesco
Brad Straub
Executive Vice President
Greystone
Alec King
Chief Financial Officer
Memorial Hermann Health System
1:45 pm
CHAPTER 9 AND MUNICIPAL SECURITIZATIONS
Dedicated revenue structures and their close and evolving cousin, the municipal securitization, are in vogue. However, Puerto Rico precedent and the persistent pandemic have somewhat contradictorily undermined assumptions underlying such structures while at the same time making them more attractive and valuable in potentially distressed situations. This panel will provide analysts the tools to evaluate these structures by exploring relevant questions, including: What are their legal underpinnings? How strong are they? Do they differ in the face of a potential Chapter 9 or PROMESA Title III? How are they best evaluated? And what protective provisions can and should the buy side demand?
William Kannel
Member
Chair, Bankruptcy & Restructuring Practice
Mintz
Eric Blythe
Associate
Mintz
Megan Poplowski
Investment Officer, Director of Municipal Research
MFS Investment Management
2:30 pm
NETWORKING BREAK
3:00 pm
SELLSIDE PERSPECTIVES
The COVID-19 pandemic has created a Golden Era for Sellside Research. Investors need to know the “real credit”risks. Sellside experts will look at the shifts in traditional high yield credits, as well as distressed states and municipalities. And, broader market trends, volume and different economic scenarios are making high yield muni bonds more attractive. What impact do fallen angels and “micro” credits such as charter schools and CCRCs have on high yield returns?
Blake Anderson
Senior Managing Director, Head of Strategy & Research
Mesirow Financial
Yaffa Rattner
Managing Director
Piper Sandler
Mikhail Foux
Managing Director
Barclays Investment Bank
3:30 pm
PUERTO RICO UPDATE
Ian Rogow
Director, Co-Head Municipal Bond Research
BofA Securities
Manuel Mirabal
Principal
Urban Connective Solutions, Inc.
Washington, DC
John Ceffalio
Vice President – Municipal Credit Research
Fixed Income Group
AllianceBernstein
4:00 pm
BUYSIDE PERSPECTIVES
What has the COVID-19 panel changed ithe High Yield Sector? Join our panel of seasoned investment professionals as they discuss what’s different about managing their business in the pandemic environment. They will discuss everything from the availability of bonds, to muni credit quality, term sheets, and changing the way their firms operate.
Peter Courtney
President and Managing Director, Fixed Income Unit
Greenwich Investment Management
Jon Schotz
Co-Managing Partner
Saybrook Fund Advisors, LLC
Richard Inciardi, CFA
Director,Credit Research Analyst
BlackRock
4:45 pm
"MUNICIPAL BONDS ON THE ROCKS"
VIRTUAL COCKTAIL RECEPTION
5:45 pm
CONFERENCE ADJOURNS
Registration
Complimentary
Program Cancellation
In the event that Smith's Research & Gradings cancels a scheduled program, all registrants will be notified in writing via email.
Complaint Resolution
Address any complaints to Pamela Kilbourn, Smith's Research & Gradings, P.O. Box 1195, Great Falls, VA 22066; email to pamkilbourn@smithsresearch.net or phone (571) 299-4954. Complaints will be handled in as timely a manner as possible.
Privacy Policy & Records Retention
Smith's Research & Gradings values your privacy. Smith's retains information submitted during the registration process with regard to your name, company and contact information. Credit card information is destroyed once the transaction has been processed. We will never willfully sell, lease, or rent any of your personally identifiable information to any third party
Registration
Register by Phone: (571) 299-4954;
Email: smiths@smithsresearch.net ;
Online: RSVP
