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© J. W. Korth & Company, 2009.
All Right Reserved
Shop4Bonds SM is a Service Mark
of J. W. Korth & Company
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"A bond's intrinsic value is based on the issuer's ability to pay, the general interest rates, the bond's interest rate and terms.
The market value of a bond is based on public exposure, ratings, opinions, and fashion. For the past twenty years, we have sought
out bonds we believe have a higher intrinsic than market value. While we cannot guarantee future results, so far we have been blessed
with no defaults in a bond we recommended or underwrote. "
- James W. Korth, Managing Partner
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Helping Investors Get the Best Yields on their Fixed Income Investments
This website is a major opportunity for all investors who wish to save management fees and high commissions
and manage their own fixed income investments. Here you can access thousands of bond offerings at real market prices and use us
as your agent for a clearly stated commission. Our comprehensive inventory covers the bond market.
At most firms, offerings are more limited and salesmen must offer their own firms
inventory and access bonds by calling their traders.
At J. W. Korth & Company this entire layer has
been removed and our customers, through our traders, get a complete market picture of the offerings
available in each market sector. Our traders go beyond the inventory you can view on our screens and
access institutions and dealers accross the market to get the best prices for you. Try our services.
We believe you will be very satisfied that you've recieved the best overall service of anyone in the bond market.
Company History
J. W. Korth & Company was
founded in 1981 by James W. Korth, following the successful distribution of $160 million of
GMAC debt securities to retail investors -- an industry first. On the buy side,
Korth's customers have generally been major U.S.
corporations and government agencies, as well as institutionally oriented
investment banks.
On the sell side, through its Selected Dealer Network, the
Company can address more than 70,000 Registered Representatives. J. W. Korth & Company exists, essentially, as a unique bridge
to the American retail markets for issuers and as an origination product
service bureau for investment banks and brokerage companies.
Over the years, Korth has developed
a number of products under the retail distribution concept. In early 1983, in
conjunction with Merrill Lynch & Company, the firm became the first
independent distributor of Certificates of Deposits to retail broker-dealers.
That same year, in conjunction with Salomon Brothers, Inc., the firm became the
first retail distributor of Certificates of Accrual on Treasury Securities
("CATS"), one of the most successful private securities programs in
history. In 1985, Korth advised the U.S. Treasury
Department in the creation of the blueprint for what would be known as the
"STRIPS" program, the largest zero coupon product in the world.
In 1986, the zero coupon division operating under the name
Securities/Net was sold to Manufacturers Hanover. Soon Securities/Net became a dominant wholesaler in the
then fast growing Certificate of Deposit business. The Company continued its
tradition of successful growth through the new product innovation. Korth became the first independent distributor of
Australian and New Zealand bonds to retail
investors. In 1986 - 1989, the Company
managed debt syndicates for many issuers on a firm commitment basis and in 1990 Korth began its now very successful General Term Note
® Program with Salomon Inc. This program has been in
continuous operation for more than ten years and has been emulated by several
other investment banks and issuers.
The following issuers have used J. W. Korth & Company as a lead manager for their syndicates.
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Citicorp
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Citicorp Homeowners Inc.
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General Motors Acceptance Corporation
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Sallie Mae
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BP America, Inc.
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Security Pacific Corporation
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Household Finance Corp.
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Westinghouse Credit Corp.
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Queensland (Australia) Treasury Corp.
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Wells Fargo & Company
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The Kroger Company
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RJR Nabisco, Inc.
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McDonnell Douglas Finance Corp.
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Maxus Energy Corp.
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Salomon Inc.
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J.W. Korth & Company is a
member of the National Association of Securities Dealers, the Securities
Investors Protection Corporation, the Securities Industry Association and the
Municipal Rule Making Board.
Special Marketing Expertise
J. W. Korth & Company has
proven expertise in developing a broad based market for a new name or a new
type of security. Zero coupons, brokered CD, foreign currency bonds, General
Term Notes are a few examples of our unique energies and successes. Korth has been providing lower costs and
better access to major corporations for the last twenty years and we are the
choice for achieving broad distribution of new securities concepts.
J. W. Korth & Company sits in a
unique position within the retail securities industry. Our professional and
experienced staff has earned the respect and confidence of other brokerage
professionals. We constantly seek new concepts with which to provide value to
US investors. The Company's latest efforts in the
distribution of Corporate Medium Term Notes to individual US investors includes
significant cost savings with better access to our retail
securities dealer network.
Syndication and Market Materials
Korth syndicates primarily to regional and national retail dealers. Most offering are
designed specifically for retail purchasers and are communicated through our
system to hundreds of dealers across the United States.
Sales memorandums are created for each issue and Korth follows each issue, and Korth follows each issuer closely in order to assist
its dealer network.
Market Making Commitment
Korth makes markets for all issues and programs it sponsors. For example, the firm provides a
market for all securities sold under the GTN ® mantle, as well
as those Eurobonds and other foreign currency denominated bonds sponsored or
promoted by J. W. Korth & Company.
While not obligated to do so, the Company's policy is to make
a liquid market in all securities it promotes. For more than two decades, our customers have
enjoyed liquidity in every security we have sponsored.
J. W. Korth & Company also serves
dealers with NYSE and OTC executions of all types of fixed income products on a
brokered basis.
The Selected Dealer Network
We are proud to have earned the respect and trust of our
industry, and we are proud of the track record upon which that trust was built.
The Selected Dealer Network of J. W. Korth
& Company is comprised of both major national and regional securities firms
across the United States. A J. W. Korth &
Company project has the potential to be reviewed by over 150 different firms
with a total of 70,000 salesmen. The Network has members with branch offices in
all 50 states and Territories.
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