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RATING ISSUE OTC COVENTRY ONLY: “AAA (MIA Insured)In the opinion of Or rick, Herrington & Ratcliffe UP, Bond Counsel, based upon an analysis of existing laws, regulations, rulings, and court decisions,
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A new issue - book-entry refers to a method of recording ownership of securities electronically without the issuance of physical certificates.
Entities such as issuers of securities, underwriters, or brokers involved in the issuance of new securities are required to file new issue - book-entry.
To fill out a new issue - book-entry, complete the necessary forms by providing details such as the type of securities, the amount being issued, and information regarding the issuer and underwriters.
The purpose of new issue - book-entry is to facilitate the efficient tracking and management of securities ownership without the need for physical certificates, thus reducing paperwork and enhancing security.
Information that must be reported includes the issuer's name, the type of security, the number of shares or bonds issued, issuance date, and details of underwriters and registrars.
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