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MUNICIPAL ADVISOR DISCLOSURE
TO UNDERWRITERS

July 16, 2015

The New York City Transitional Finance Authority (the “Authority”) has retained the following municipal advisors: Public Resources Advisory Group, Inc. (“PRAG”) and Acacia Financial Group, Inc. (“Acacia”). The Authority is represented by, and will rely on, PRAG and Acacia to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products generally (including investments of bond proceeds and escrow investments). The contact person at PRAG is Andrew Evanchik. The contact people at Acacia are Noreen White and Rich Lopatin. The Authority’s contracts with PRAG and Acacia extend through June 30, 2018; accordingly, this certificate may be relied upon until such date or until its earlier withdrawal (notice of which will be posted on this website). If a proposal received will be seriously considered by the Authority, the Authority will share the proposal with its municipal advisor(s). The Authority makes no representation as to the independence of its municipal advisors with respect to any individual municipal market participant.


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