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Independent Registered Municipal Advisor

Effective August 15, 2023, PFM Financial Advisors LLC is the independent registered municipal advisor of The Regents of the University of California (“The Regents”). The Regents is represented by and will rely on PFM Financial Advisors LLC to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products, including but not limited to, investments of bond proceeds and escrow investments, relating to all of The Regents’ municipal bond and commercial paper programs, as well as third party transactions from time to time. Contact information for PFM Financial Advisors LLC is as follows:

PFM Financial Advisors LLC

555 W 5th St, #3500

Los Angeles, CA 90013

Attention: Nathaniel Singer, Senior Director
E-mail: singern@pfm.com 
Phone: (973) 460-7900

By publicly posting this written disclosure, The Regents intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.