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Webinar

Smith's High Yield Municipal Bond Conference

November
18
18
,
2020
Wednesday
November
18
18
Time
8:45 am
Time
8:45 am
 – 
5:45 pm
Venue
Virtual

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.

Registration is complimentary

**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:

Bill Smith Tribute Video

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.

Registration is complimentary

**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:

Bill Smith Tribute Video

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

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Don't miss our Latest publication insights!

Smith's Research & Gradings focuses on the people, sectors and news that matter the most to you. Smith's analysis is an indispensable part of Wall Street and the world's capital markets. Our approach was inspired by the need for a consistent analytical approach across all asset classes. Smith's Gradings are a time-tested, performance proven, and principles-based approach to risk. We go beyond the numbers to connect the dots for the world's decision makers. We can enhance the performance of investments in assets around the globe, while helping to ensure the safety of portfolios here at home.

Subscribe To Download