Event Notice Dated June 16, 2008
Issuer/Obligated Person:
Stowers Institute for Medical Research
Stowers Institute for Resource Development, Inc.
Stowers Medical Institute, Inc.
Stowers Resource Management, Inc.
(collectively, the “Institutions”)
Issues to which this Event
Notice relates:
$215,000,000 principal amount of Health and Educational Facilities
Authority of the State of Missouri Medical Research Facilities Revenue
Bonds (Stowers Institute for Medical Research), Series 2000 (Auction
Rate Bonds) (the “Series 2000 Bonds”)
$75,000,000 principal amount of Health and Educational Facilities
Authority of the State of Missouri Medical Research Facilities Revenue
Bonds (Stowers Institute for Medical Research), Series 2002 (Auction
Rate Bonds) (the “Series 2002 Bonds”, and together with the Series 2000
Bonds, the “Bonds”)
CUSIP Numbers:
Series 2000 Bonds:
60635H UV9
Series 2002 Bonds:
60635H VN6
Events Reported:
Intent to Continue to Bid in Future Auctions
Most Recent Auction Results
Intent to Continue to Bid in Future Auctions
The Institutions have been bidding for several weeks in each auction for the Series 2000 Bonds and
the Series 2002 Bonds at a rate in recent weeks equal to the SIFMA Municipal Swap Index plus a spread of
.50%.
Each bid by the Institutions has been for 100% of the outstanding Bonds of each series that are not
then owned by the Institutions. There has never been a failed auction for either the Series 2000 Bonds or the
Series 2002 Bonds.
Until further notice, the Institutions will continue to bid for 100% of the outstanding Bonds not
owned by the Institutions in each future auction at the SIFMA Municipal Swap Index plus .50%. The
Institutions will not change either (1) its intent to bid for 100% of the outstanding Bonds of each series, or
(2) the index or spread used in determining its bid rate for the Bonds in future auctions, without submitting
two weeks prior notice to the NRMSIRs of the proposed change