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Greencoast Capital Partners and D.A. Davidson & Co. Announce Strategic Operating Agreement

Under the agreement, Davidson will provide Greencoast with fixed income sales, trading, quantitative analytics and related services. This agreement allows Greencoast to enhance its existing capabilities by offering the firm and its clients access to Davidson's extensive institutional and retail fixed income sales and trading platform. The agreement will also allow Davidson to expand its presence in California. The firm, which already has capital markets offices in Los Angeles, Laguna Beach and Pasadena, has identified the market as a focus of growth. Both Greencoast and D.A. Davidson will continue operating as separate broker-dealers.

"We're pleased to work alongside Davidson, a company with similar traditions of exceptional client service. The relationship augments our own talented bench and further expands the services we can provide to our own clients," said Mary Neale, principal and founder of Greencoast. "Several of us had completed transactions with Davidson prior to joining Greencoast, and we were always impressed by the firm's skill and creativity. Davidson has also served as selling agent for Greencoast on a number of offerings, and the firm has produced strong results. Deepening this relationship with Davidson will provide even greater distribution for our clients' bonds."

Davidson consistently ranks among the top municipal underwriting firms in the country. The Greencoast team of bankers has many years of multi-disciplinary experience in the field of public finance, including financings that range from AAA rated general obligation bonds to highly structured non-rated bonds. Both Davidson and Greencoast have worked on financings for issuers in all sectors of municipal finance, including states, cities, counties, utilities, bridges, toll roads, transportation, airports, ports, redevelopment and nonprofits.

"Greencoast and its bankers have an esteemed reputation throughout California, and we are excited to work alongside Mary and her team to provide services that will complement the terrific offerings that Greencoast clients already enjoy," said David Cheung, chief operating officer for D.A. Davidson & Co.'s fixed income capital markets group. "This strategic move will provide efficiencies across both companies and will augment the exceptional support clients can expect to receive throughout California."

About Greencoast Capital Partners

Greencoast Capital Partners is a broker-dealer and underwriter dedicated to working with issuers and investors in the municipal finance market. Founded by municipal bond veteran Mary Neale, Greencoast seeks to provide a more personalized level of service and a more effective framework for bringing together municipal issuers and investors. The firm is based in Los Angeles and is a member of FINRA and SIPC. For more information, please visit www.greencoastcap.com.

About D.A. Davidson & Co.

D.A. Davidson & Co.'s Fixed Income Capital Markets Group provides public finance investment banking and advisory services and fixed income sales and trading in both taxable and tax-exempt sectors to clients across the United States. The group's expertise extends across a wide range of sectors, including governments of all sizes, public education, charter schools and higher education, housing and real estate, health care, special districts and utilities, tribal finance, resort communities, alternative energy and more.

D.A. Davidson & Co. (www.dadavidson.com) is the largest full-service investment firm based in the Northwest. The employee-owned firm is part of Davidson Companies, a Montana-based financial services holding company offering diversified financial services to individual investors, nonprofits and institutional clients nationwide.

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Lane PR for D.A. Davidson
Amber Roberts, 212-302-5964
Cell: 646-894-6503
amber@lanepr.com
or
Muirfield Partners for Greencoast
Jennifer Gill, 310-785-0810
jenn@muirfieldpartners.com