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For US-based Public Sector & Infrastructure Group clients:
This message is being sent to you for your information only as a client of Goldman Sachs and should not be forwarded outside of your organization. This document is not a product of the Global Investment Research Division of Goldman Sachs. This document should not be used as a basis for trading in the securities or loans of the companies named herein or for any other investment decision. This document does not constitute an offer to sell the securities or loans of the companies named herein or a solicitation of proxies or votes and should not be construed as consisting of investment advice. Goldman Sachs does not provide accounting, tax, or legal advice. Goldman Sachs is not acting as a “municipal advisor” in connection with this communication and this communication and any opinions, views or information contained in this communication are not intended to be, and do not constitute, “advice” within the meaning of Section 15B of the U.S. Securities Exchange Act of 1934.