What Are Preliminary & Final Official Statements?

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The Preliminary Official Statement (“POS”) and Final Official Statement (“FOS”) are documents provided to investors with relevant information regarding the financing.  The POS & FOS for California school and community college districts typically include information such as: 

-          Description of financing
-          Optional redemption date
-          Source of repayment
-          District demographic data
-          District financial data
-          Continuing disclosure requirements