Description of Firm Dumaine Investments LLC is a registered investment adviser primarily based in New Orleans, Louisiana. We are organized as a limited liability company ("LLC") under the laws of the State of Louisiana. We have been providing investment advisory services since November 2019. We are solely owned by Clifford Freret Favrot. Currently, we offer the following investment advisory services:  Investment Management Services  Wealth Advisory Services  Financial Consulting Services The following paragraphs describe our services and fees. Please refer to the description of each advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Dumaine Investments LLC and the words "you," "your," and "client" refer to you as either a client or a prospective client of our firm. Investment Management Services Our investment advice is tailored to meet our clients' needs and objectives. After you retain our firm for portfolio management services, we meet with you to determine your investment objectives, risk tolerance, and other relevant personal information at the beginning of our advisory relationship. We use the information gathered to develop a strategy that enables our firm to give you focused investment advice and/or to make investments on your behalf. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, the number of securities, and if they should be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the discretionary investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. Upon occasion, Dumaine Investments does offer non-discretionary investment management services where the client must approve in advance all recommended portfolio actions. Non- discretionary authorizations allow us to determine the specific securities, the number of securities, and if they should be purchased or sold for your account but solely with your prior approval and/or action prior to each transaction. Non-discretionary authority is typically granted by the non-discretionary investment advisory agreement you sign with our firm and the appropriate trading authorization forms. We may offer complimentary financial planning services as part of our portfolio management services. Wealth Advisory Services Additionally, accredited clients (i.e., clients meeting certain income or liquid net worth requirements as set forth by the Securities and Exchange Commission) may engage us to render advice on a non-discretionary basis with respect to the investment and reinvestment of certain private placement assets. We

do advise clients without limitation regarding potential investments in Opportunity Zone Fund Investments (“OZFs”), Delaware Statutory Trusts (“DSTs”), other like kind exchange investment assets and other private placement investments. Generally, an OZF is an investment vehicle designed to invest in real estate in areas known as "opportunity zones." Opportunity zones are specific geographic areas designated as economically distressed. Tax incentives for investments in opportunity zones include delayed and potentially reduced taxes on capital gains. DSTs are formed as private governing agreements under which either property (real, tangible, and intangible) is held, managed, administered, invested and/or operated; or business or professional activities for profit are carried on by one or more trustees for the benefit of the trustor entitled to a beneficial interest in the trust property. DST Investments are offered as replacement property for accredited investors seeking to defer their capital gains taxes through the use of a 1031 tax deferred exchange and as straight cash investments for those wishing to diversify their real estate holdings. In general, a private placement is a non-public raising of capital through the offering and sale of debt or equity securities made between a business, or issuer, and a select number of investors. While our wealth advisory services currently focus on real estate related investments, our wealth advisory services can encompass providing advice on other private investments that are not real estate oriented. We may also offer complimentary financial planning services as part of our wealth management services. Financial Consulting Services We offer financial consulting services that primarily involve advising clients on specific financial-related topics. The topics we address may include but are not limited to: risk assessment/management, investment planning, financial organization, or financial decision making/negotiation. Types of Investments We offer advice on certificates of deposit, commercial paper, corporate debt securities (other than commercial paper), derivatives, equity securities, exchange traded funds (ETFs), interests in partnerships investing in real estate, interests in other private partnerships or entities, money market funds, municipal securities, mutual fund shares, options contracts on securities, real estate, real estate investment trust (REITs), and United States government securities. Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship. Since our investment strategies and advice are based on each client’s specific financial situation, the investment advice we provide to you may be different or conflict with the advice we give to other clients regarding the same security or investment. Assets Under Management As of December 31, 2023, we provided continuous wealth advisory and investment management services for $164,401,747 of client assets on a discretionary basis, and $33,555323 in client assets on a non-discretionary basis.