Board of Directors

IMPORTANT MESSAGE: Labor Day holiday

IMPORTANT MESSAGE: Due to the Labor Day holiday, the Fund will be closed on Monday, September 1, 2025.

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The NJ/ARM Board of Directors is comprised of three officials representing local governments that are Investors in the Program.

The Board meets periodically to discuss the Program's investment strategy/performance, capabilities, and services offered. The current Board of Directors consists of:

Members of the Board of Directors

Jon Rheinhardt
Board President
County CFO, County of Bergen

Linda Bazemore
Board Vice President
Senior Vice President of Administration and Finance/CFO, Atlantic County Utilities Authority (ACUA)

Matt Bouldin
Board Secretary & Treasurer
Business Administrator/Board Secretary, Ramapo Indian Hills Regional High School District

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This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell units of the NJ/ARM Joint Account, NJ/TERM or any other security. Investors should consider the investment objectives, risks, charges and expenses before investing in the NJ/ARM Joint Account and NJ/TERM. This and other information about the NJ/ARM Joint Account and NJ/TERM are available in the NJ/ARM Information Statement, which contains important information and should be read carefully before investing. A copy of the NJ/ARM Information Statement may be obtained by calling 1-800-535-7829 or is available on the NJ/ARM website at www.njarm.com. While the NJ/ARM Joint Account seeks to maintain a stable net asset value of $1.00 per unit and NJ/TERM investments seek to achieve a net asset value of $1.00 per unit at their stated maturity, it is possible to lose money investing in the NJ/ARM Joint Account and NJ/TERM. An investment in the NJ/ARM Joint Account or NJ/TERM is not guaranteed or insured by the Federal Deposit Insurance Corporation or any other government agency. Units of NJ/ARM are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to NJ/ARM. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.