Taxable Bonds

Subordinated Debentures

In the capital structure, subordinated debt is junior in assets’ claim to all other debt. In the event of a bankruptcy, a corporation will repay subordinated debt only after prior debt is paid. Subordinated debt offers higher yields than all other debt instruments due to their inherent subordination risk.

For complete and updated information about our Investment programs and services, please refer to the Firm ADV Part 2A - Firm Brochure: