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OND J '� � October 31 to November 30, 2012
<br />Account # 28095517
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<br />An overview of these and other risks is available at raymondjames.com, Mortgage-backed securities and Collateralized Mortgage Obligations
<br />finra.org, emma.msrb.org, and investinginbonds.com. (CMOs) are priced based on average life. The actual maturity date may
<br />be shorter than stated. For more information please review FINRA's
<br />Investors interested in regular updates about individual municipal
<br />securities can sign up on EMMA (emma.msrb.org) to receive e-mail
<br />alerts when disclosure documents are posted on the website.
<br />Investors who track particular bonds identified by their unique "CUSIP"
<br />numbers can receive an e-mail notification from EMMA every time a
<br />new disclosure document is posted for that security. These documents
<br />can include annual and other periodic financial filings, operating data
<br />and other types of material events. To sign up for an alert, enter a
<br />nine-digit CUSIP number into the "Muni Search" function of EMMA.
<br />Securities ratings, provided by independent nationally recognized
<br />statistical organizations, also called Ratings Agencies, are appraisals of
<br />tlie financial stability of a particular issuer and its ability to pay income
<br />and return principal on ycur investment. Although they can assist
<br />irn�estors in evaluating tl�e creditworthiness of an issuer, ratings are not
<br />recommendatior�s to buy, sefl or hold a security, nor do ratings remove
<br />market risk. In addition, ratings dre subject to review, revision,
<br />suspension, reduction or withdrawal at any time, and any of these
<br />changes in ratings may affect the current market value of your
<br />ine�estment. A Rating Agency may also place an issuer under review or
<br />credit watcli which may be another indicator of a future rating change.
<br />Generally, higl�er yields and/or lower ratings reflect higher perceived
<br />credit risk. News events relating to a particular issuer may generally
<br />impact the market price, and consequently the yield, of that issuer's
<br />securities, even if their rating has not yet changed. Securities with the
<br />same rating can actually trade at significantly different prices. The
<br />absence of a rating may indicate that the issuer has not requested a
<br />rating evaluation, insufficient data exists on the issuer to derive a rating,
<br />or that a rating request was denied or removed. Non-rated securities
<br />are speculative in nature and are less tiquid. Raymond James trade
<br />confirmations, online accounts and monthly statements display only
<br />the ratings of those Rating Agencies to which Raymond James
<br />subscribes. For more information on ratings, please visit moodys.com,
<br />standardandpoors.com and fitchratings.com. Individual investors may
<br />request Moody's and/or S&P credit reports from their financial
<br />advisors. Additionally, Fitch reports are available for municipal bonds.
<br />Certificates of Deposit (CDs) purchased through a securities brcker
<br />and held in a brokerage account are considered deposits with the
<br />issuing institution and are insured by the Federal Deposit Insurance
<br />Compary (FDIC), an independent agancy of the U.S. government.
<br />FDIC insurance covers up to $25G,000 (including principal and interest)
<br />for deposits held in difierent ownership categories, including single
<br />accounts, joirt accounts, trust accounts, IRAs, and certain other
<br />retirement accounts, per issuer. If you purchased this CD at a
<br />premium to par, the prerr�ium is not FDIC insured. Certificate of Deposit
<br />Disclosure Statement is available at raymondjames.com/liquid.htm.
<br />For more information, please visit fdic.gov.
<br />Investor's Guide to Mortgage Securities and CMOs at finra.org.
<br />Foreign bonds are subject to additional risks, including without
<br />limitation, currency fluctuations, differing accounting standards,
<br />political and economic instability, and changes in tax laws.
<br />The cost basis for Original Issue Discount (OID) bonds and municipal
<br />bonds purchased at a premium may or may not have been adjusted
<br />using the constant yield method, providing an approximation of the
<br />adjusted cost basis and unrealized gains or losses. Cost basis
<br />information is displayed for your information only and should not be
<br />relied upon for tax reporting purposes. You should consult your tax
<br />advisor to ensure proper t�uc reporting.
<br />Estimated Annual Income and Estimated Income Yield - The
<br />Estimated Annual Income ;FAI) and Esiimated Income Yield (EII�
<br />provided on this statement a�e an estimate of the income a security will
<br />distribute during the year. Tl�ese figures should not be confused with
<br />actual cash flows, investment yields or investment returns. Actual
<br />income or yield may be lower or higher than the estimated amounts. A
<br />number of factors may influence the actual income or yield that is
<br />received. The amount or frequency of an issuer's dividend may
<br />fluctuate or cease, which may cause the income and or yield of the
<br />security to fluctuate. EIY reflects only the income generated by an
<br />investment. It does not reflect changes in its price, which may
<br />fluctuate. EAI and EIY for certain types of securities could include a
<br />return of principal or capital gains which could overstate the EA� and
<br />EIY. Information used to calculate Estimated Annual Income and or
<br />Estimaied Income Yieid may oe ubtained frorn 2hird party sources and
<br />Raymond James cannot guarantee the accuracy of such information.
<br />Estimated Annual Income and or Estimated Income Yield amounts
<br />should not be used as a financial planning tool.
<br />Pricing - While sources used for pricing publicly traded securities are
<br />considered reliable, the prices displayed on your statement may be
<br />based on actual trades, bid/ask information or vendor evaluations. As
<br />such, the prices displayed on your statement may or may not reflect
<br />actual trade prices you would receive in the current market. Pricing for
<br />non-publicly traded securities is obtained from a variety of sources,
<br />which may include issuer-provided information. Raymond James does
<br />not guarantee the accuracy, reliability, completeness or attainability of
<br />this information. Irvestment decisions should be made only after
<br />ccntacting your financial advisor.
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