Investment Banking Transactions

Capital Markets

Announcement Date	Client	Description	Size ($MM)	Industry Group
29-Sept	Texoma/ Red River	M&A	N/A	Energy
27-Sept	Pfister Animal Hospital	M&A	N/A	Corporate Advisory
18-Sept	PennyMac Mortgage Investment Trust	Debt Offering	$53.5	Specialty Finance
8-Sept	Amwest Funding Corp.	Securitization	$311.7	Specialty Finance
1-Sept	Riley Exploration Permian Inc.	Follow-on	$50.0	Energy
31-Aug	NexTier Incorporated	M&A	$32.0	Depository
30-Aug	PB Financial Corporation	M&A	$25.8	Depository
28-Aug	McHenry Bancorp, Inc.	M&A	$39.3	Depository
23-Aug	Kemco Systems	M&A	N/A	Infrastructure
14-Aug	Sunnova Energy International	Follow-on	$86.5	Infrastructure
10-Aug	Gladstone Capital Corporation	Debt Offering	$57.0	Specialty Finance
9-Aug	Blackstone Secured Lending	Follow-on	$177.6	Specialty Finance
8-Aug	Great Elm Capital Corp	Debt Offering	$40.0	Specialty Finance
26-Jun	American Water Works Co Inc	Debt Offering	$1,035.0	Infrastructure
22-Jun	Ramaco Resources	Equity Offering	NA	Energy
14-Jun	Amwest Funding Corp.	Securitization	$316.6	Specialty Finance
7-Jun	Capital Southwest Corp	Debt Offering	$71.9	Specialty Finance
30-May	Horizon Technology Finance Corp	Follow-on	$40.6	Specialty Finance
23-May	Gladstone Investment Corporation	Debt Offering	$65.0	Specialty Finance
18-May	LCNB Corp.	M&A	$43.7	Depository
18-May	Artesian Resources Corp	Follow-on	$38.2	Infrastructure
18-Apr	Enovix	Debt Offering	$150.0	Infrastructure
11-Apr	Saratoga Investment Corporation	Debt Offering	$57.5	Specialty Finance
4-Apr	UMH Properties, Inc.	At-the-Market-Offering	$150.0	Specialty Finance
21-Mar	First Mid Bancshares, Inc.	M&A	$90.5	Depository
24-Feb	AmWest Funding Corp	Securitization	$497.5	Specialty Finance
21-Feb	Rockhold Bancshares, Inc.	M&A	NA	Depository
21-Feb	RGC Resources	At-the-Market-Offering	$20.0	Infrastructure
16-Feb	Yandell Truckaway	M&A	NA	Corporate Advisory
1-Feb	Constellation Inc.	M&A	NA	Insurance
31-Jan	Great Salt Plains Midstream	M&A	NA	Energy
26-Jan	TXO Energy Partners, LP	IPO	$115.0	Energy
18-Jan	Sachem Capital Corp.	At-the-Market-Debt Offering	$25.0	Specialty Finance
18-Jan	Sachem Capital Corp.	At-the-Market-Offering	$75.0	Specialty Finance
12-Jan	Ares Capital Corporation	Follow-on	$236.8	Specialty Finance
30-Dec	Community First Financial Corporation	Debt Offering	$13.5	Depository
20-Dec	Brunswick Bank	M&A	$53.9	Depository
15-Dec	Harrow Health, Inc.	Debt Offering	$40.3	Healthcare
06-Dec	Alpha Group	M&A	NA	Healthcare
05-Dec	Salisbury Bancorp, Inc.	M&A	$204.0	Depository
05-Dec	Saratoga Investment Corporation	Debt Offering	$52.5	Specialty Finance
30-Nov	CTO Realty Growth	Follow-on	$65.6	REIT
30-Nov	Runway Growth Finance Corp.	Debt Offering	$51.8	Specialty Finance
28-Nov	OTC Global Holdings	Private Debt Placement	$55.0	Specialty Finance
07-Nov	Ares Capital Corporation	Follow-on	$173.9	Specialty Finance
28-Oct	CTO Realty Growth	At-the-Market-Offering	$150.0	REIT
19-Oct	Saratoga Investment Corporation	Debt Offering	$40.0	Specialty Finance
19-Oct	The Bank of Princeton	M&A	$25.4	Depository
18-Oct	Citizens Financial Services, Inc.	M&A	$67.4	Depository
17-Oct	Essential Utilities, Inc.	At-the-Market-Offering	$500.0	Infrastructure
12-Oct	Business First Bancshares, Inc.	Follow-on	$50.0	Depository

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: http://brokercheck.finra.org/