Francis Michl

Federated Hermes C.W. Henderson (CW Henderson) is a wealth management firm headquartered in Pittsburgh, Pennsylvania. The firm was founded by Craig Henderson in 1990 and formerly known as C.W. Henderson & Associates, Inc. They were acquired in 2022 by Federated Hermes, Inc. (NYSE: FHI). Their name was changed to Federated Hermes CW Henderson and became a division of Federated Investment Counseling. CW Henderson specializes in active management of municipal bond portfolios and provides income that is exempt from federal taxation. Most of their clients include high-net worth individuals, family offices and corporations.

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

Gurtin Fixed Income Management LLC, do-business-as Gurtin Municipal Bond Management (Gurtin), is a wealth management firm headquartered in Solana Beach, California. The firm was founded by Bill Gurtin in 2008 and they are a wholly-owned subsidiary of Pacific Investment Management Co. LLC, ultimately held by Allianz SE (ETR: ALV) in Germany. Gurtin provides asset management services on a discretionary and non-discretionary basis for individuals, high net-worth individuals, charitable organizations, investment companies, pooled investment vehicles, pensions, retirement and profit sharing plans (but not plan participants), corporations and other businesses, and insurance companies.