Advisory Service Beechtree Capital Investment, Inc. (“BCI”) is a Registered Investment Adviser with the Securities & Exchange Commission, with offices at 175 Herrick Road, Southampton, NY, 11968. It was founded in 1994 to provide discretionary investment management services on a fee-only basis to individuals, corporations, trusts and not-for-profit institutions. The term “Registered Investment Adviser” does not imply a certain level of skill or training. Susan K. Burke, Beechtree Capital Investment’s founder, sole owner and sole investment adviser, is a Chartered Financial Analyst. She has a law degree and an undergraduate degree in economics. Susan Burke, President of Beechtree Capital Investment, Inc., has been a portfolio manager for over forty years. She has substantial experience in actively managing money for pension funds, mutual funds and individuals. After starting her career at Merrill Lynch, Ms Burke spent ten years at the IBM Retirement Fund, where as Senior Portfolio Manager she founded and managed a $500 million portfolio of convertible bonds, convertible preferred stocks and other equity-linked securities. Subsequently, as Vice President of Oppenheimer Management Company, she co-managed the $1 billion Oppenheimer Equity Income Fund, a mutual fund with diversified investments in equities and fixed income securities. Before forming her own investment management company, she was Vice President of Fleet Investment Advisors where she managed investments for individuals, corporations, foundations, trusts and estates. Susan Burke has served as a volunteer on not-for-profit boards. She was a member of the Board of Trustees of the Young Women’s Christian Association Retirement Fund, Inc. for 30 years, and

was Chair of its finance committee. She is a member of the Advisory Board and finance committee of the Animal Rescue Fund of the Hamptons, Inc. A Chartered Financial Analyst (CFA), she received an A.B. in economics from Vassar College, and a law degree from New York Law School. Her professional association memberships include the CFA Institute and the New York Society of Security Analysts. Types of Investments Beechtree Capital Investment strives to help investors meet their financial goals by hiring the most experienced and outstanding money managers worldwide through selected no-load mutual funds, exchange traded funds, closed end funds, U.S. Government Securities and other marketable securities. Some client accounts also hold or have held common stocks, preferred stocks, municipal securities, warrants, and domestic and foreign mutual funds. Education It is a policy of BCI that all current and future employees will have education levels suitable for performing their tasks, including continuing education as appropriate. Continuing education activities, reading and attending pertinent conferences and workshops will enhance the expertise of BCI's two current staff members, Chief Compliance Officer Zoe Kamitses and President Susan Burke. Client Needs BCI tailors its services to the needs of its clients through initial Investment Objective discussions that are reviewed as often as necessary based on changing client circumstances. Clients may impose restrictions on investing in certain securities or types of securities if they so desire. Client Assets As of December 31, 2023, Beechtree Capital Investment, Inc. manages $30,745,989 on a discretionary basis. BCI does not manage non-discretionary accounts.