NOTICE OF PUBLIC HEARING WITH RESPECT TO NOT TO EXCEED $130,000,000 OF PUBLIC FINANCE AUTHORITY EDUCATION REVENUE BONDS (JACKSON DAY SCHOOL) SERIES 2026 Notice is hereby given that public hearings, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), will be held by the designated Hearing Officer of the Superintendent of Public Instruction of the State of North Carolina (the "Superintendent") with respect to the proposed plan of finance for the issuance by the Public Finance Authority (the "Authority"), a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended, of its Education Revenue Bonds (Jackson Day School) Series 2026, in one or more series, issuances, or advances from time to time pursuant to a plan of finance (the "Bonds"), in an amount not to exceed $130,000,000, the interest on which will be excludible from gross income for federal income tax purposes. The Bonds will be issued as qualified 501(c)(3) bonds under Section 145 of the Code and will be used to finance educational facilities as further described below. The hearings will be held (a) in the 2nd Floor Conference Room at 1209 Little Rock Rd., Charlotte, North Carolina 28214 on March 17, 2026, at 12:00 p.m. ET (or as soon thereafter as the public hearing is held) and (b) in Room 120B of the Education Building of the North Carolina Department of Public Instruction located at 301 N. Wilmington St., Raleigh, North Carolina 27601 on March 10, 2026, at 10:00 a.m. ET (or as soon thereafter as the public hearing is held). The Bonds are expected to be issued pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, and the proceeds of the Bonds will be loaned to Mariner Foundation (the "Borrower"), a North Carolina nonprofit corporation and an organization described in Section 501(c)(3) of the Code, and used by the Borrower for the purpose of (a) refunding of all of the Authority's outstanding Education Revenue Bonds (Mountain Island Day Community Charter School) Series 2019A, originally issued in the aggregate principal amount of $24,300,000, and its Taxable Education Revenue Bonds (Mountain Island Day Community Charter School) Series 2019B, originally issued in the aggregate principal amount of $435,000 (collectively, the "2019 Bonds"), the proceeds of which were used to (i) finance and refinance the acquisition, construction, renovation, improvement, and equipping of certain land and charter educational facilities of the Borrower and leased to Mountain Island Day Community Charter School (the "Lessee"), a North Carolina nonprofit corporation and an organization described in Section 501(c)(3) of the Code, for use as the public charter school known as Jackson Day School (the "School"), including but not limited to the acquisition of approximately 0.66 acres of land and structure located thereon at 6231 Paw Creek Rd., Charlotte, North Carolina 28214 and the acquisition of approximately 22.9 acres of land and four existing one-to-three-story buildings totaling approximately 39,395 square feet located at 1209 Little Rock Rd., Charlotte, North Carolina 28214, and the construction, improvement, and equipping of a two-story approximately 56,000 square foot building, athletic fields and related equipment, in each case to be located thereon (collectively, the "Existing Little Rock Facilities"); (ii) fund a debt service reserve fund for the 2019 Bonds; (iii) pay capitalized interest on the 2019 Bonds; and (iv) pay all or a portion of the costs of issuance of the 2019 Bonds; (b)(i) financing, refinancing and/or reimbursing the costs of the acquisition, construction, installation, renovation, rehabilitation, improvement, furnishing and equipping of certain land and educational facilities to be located on approximately 6.8 acres at 11201 Rozzelles Ferry Rd., Charlotte, North Carolina 28214, expected to consist of an approximately 120,000 square-foot multi-story educational facility designed to serve approximately 1,200 students in grades K–12, and a multi-purpose athletic complex with a field house, bleachers, a track and field, and a football field with a multi-use track (the "Rozzelles Facilities"); and (ii) financing, refinancing and/or reimbursing the costs of the acquisition, construction, installation, renovation, rehabilitation, improvement, furnishing and equipping of the Existing Little Rock Facilities, including but not limited to additional educational facilities, athletics fields, and parking and related infrastructure (together with the Existing Little Rock Facilities, the "Little Rock Facilities"; collectively, with the Rozzelles Facilities, the "Facilities"); (c) funding capitalized interest on the Bonds, if any; (d) paying working capital, if any; (e) funding one or more reserve funds for the Bonds, if any; and (f) paying certain costs of issuance relating to the Bonds. Not to exceed $40,000,000 of the proceeds of the Bonds are expected to be allocated to the Little Rock Facilities and not to exceed $110,000,000 of the proceeds of the Bonds are expected to be allocated to the Rozzelles Facilities. The Borrower owns the Little Rock Facilities, will own the Rozzelles Facilities, and leases or will lease the Facilities to the Lessee, which is or will be the principal user thereof, for the operation of School. The Facilities are located entirely within Mecklenburg County in the State of North Carolina. The Bonds will not constitute an indebtedness or general obligation of the State of North Carolina, or any county, municipal corporation or political subdivision of the State of North Carolina. The Bonds will not constitute a debt or liability of any member of the Authority, the State of Wisconsin or any political subdivision or agency thereof. The Bonds will not be paid from taxes. The Bonds will be special limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority, and certain funds and accounts established by the bond indenture under which the Bonds will be issued. This notice is given pursuant to the provisions of Section 147(f) of the Code and Section 66.0304(11)(a) of the Wisconsin Statutes and Section 4 of the Amended and Restated Joint Exercise of Powers Agreement Relating to the Authority. The public hearing will provide an opportunity for all interested persons to express their views, both orally and in writing, on the plan of finance, the issuance of the Bonds, and the financing or refinancing of the Facilities. Any person interested in the issuance of the Bonds may appear and be heard or submit written comments. Any person wishing to submit written comments regarding the issuance of the Bonds, the financing and/or refinancing of the Facilities or any matter related thereto should do so within seven (7) days after the date of publication of this notice by delivering such written comments to the Office of Charter Schools, 6301 Mail Service Center, Raleigh, North Carolina 27699-6301. This notice is given pursuant to the provisions of Section 147 of the Code and the Act. Additional information concerning the Bonds or the Facilities may be obtained from the Lessee at its current mailing address of 1209 Little Rock Rd., Charlotte, North Carolina 28214. Maurice Green Superintendent of Public Instruction State of North Carolina W00000000 Mar 1 2026