I. ADVISORY FIRM DESCRIPTION. Doliver Advisors, L.P. (Doliver) is an investment advisory firm located in Houston, TX. Doliver’s investment advisory services are offered through quantitative investment strategies and wealth management. While the firm has been in business since 1988, Ralph McBride has been the sole owner of the firm since 2005. As of December 31, 2023, Doliver managed approximately $565,000,000 on a discretionary basis and $0 on a non-discretionary basis. Overview of Quantitative Investment Strategies: Doliver offers two quantitative investment strategies related to closed end funds (“CEF’s”). Both strategies seek to capture potential inefficiencies in changing discounts and premiums to NAV and seek to produce returns similar to the equity market over the long term but with less volatility. Clients have the ability to restrict specific CEF’s and can also choose a custom target allocation between the three major sectors of CEF’s: equity CEF’s, taxable bond CEF’s, and municipal bond CEF’s. Overview of Wealth Management: Doliver provides personalized wealth management solutions and customized portfolio management to its clients. Doliver works closely with each client to identify their goals, investment objectives, risk tolerance, liquidity needs, and financial situation in order to formulate a financial strategy. Advice is provided through further consultation with the client and may include: asset allocation, customized portfolio management, risk management, retirement planning advice on 401(k) and cash balance plans, asset dashboard organization and consolidated reporting, private equity opportunities, and access to our network of service providers and alternative investments. Doliver also provides cash management solutions for clients. Depending on the client’s time horizon, liquidity needs, risk tolerance and return requirements, Doliver can build and customize

a client’s cash management plan using the following types of securities: U.S. treasuries, municipal bonds, investment grade corporate bonds, high yield corporate bonds, certificates of deposit (CD’s), or treasury inflation protected securities (TIPS). For some clients, a bond ladder may be utilized to help minimize reinvestment risk in fixed income securities while also managing the timing of liquidity needs (cash flows) for the client. Doliver is also investment advisor to qualified settlement funds (QSF’s) and seeks to enhance the QSF’s yields by utilizing money market funds or investment programs through the Promontory Interfinancial Network such as the Insured Cash Sweep, Certificate of Deposit Account Registry Service (CDARS), or Promnet Repo which provides the ability to invest in U.S. Treasuries or Agency MBS. For some clients in wealth management, and where appropriate, enhanced options strategies may be employed in an effort to reduce risk and increase income. Covered call strategies may be used for clients with low-cost basis stock positions. For wealth management and quantitative investment strategies, clients may impose restrictions on investing in certain securities or types of securities. See Item 8 of this brochure for more information on our wealth management and investment strategies. Doliver will hire sub-advisors for various strategies to manage some, all, or a portion of accounts as deemed appropriate within client investment objectives. Doliver offers private equity investment opportunities to eligible clients. Doliver is the general partner of three private equity funds that follow predetermined investment objectives and are subject to annual audits by third-party public accountants in accordance with regulatory requirements. Doliver has launched four special purpose vehicles since 2021 to fulfill specific investment objectives and isolate risk and return exposure for qualified clients.