Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
Beatriz Peguero
Director
Beatriz Peguero is a Director with the PNC Capital Markets Charter School Group in New York, NY.
Beatriz joined PNC Capital Markets in October 2021 and focuses on long-term facilities financing for charter schools nationally. Prior to PNCCM, Beatriz worked at S&P for 16 years and brings significant credit and municipal structuring experience to the team. She has a keen set of expertise with structured products and securitizations. Beatriz has proven ability to gather pertinent facts for consideration in issuing and advising on credit opinions of charter schools and the accompanying financial legal structuring.
Beatriz graduated from the City University of New York with a B.A. in Public Administration and holds a M.S. in Non-Profit Management from The New School.
She is a member of the Municipal Analyst Group of New York.