(A) Operational and Organizational Information: Masonry Capital Management, LLC (the “Firm” or “we”), a Delaware limited liability company, is wholly owned by Sunny Creek Masonry, LLC (“Sunny Creek”) and is headquartered in Charlottesville, Virginia. As stated on the cover page of this Brochure, registration as an investment adviser does not imply a level of skill or training. The Firm was established in February, 2018. (B) Types of Advisory Services Offered: The Firm acts as investment manager to Masonry Partners Fund, LP, a Delaware domiciled limited partnership (the “Fund”). The general partner to the Fund is Masonry Capital GP, LLC (the “General Partner”). The General Partner is wholly owned by the Firm. The Firm may also advise other pooled investment vehicles and/or separately managed accounts (the Fund and any such other pooled investment vehicles and/or separately managed accounts are referred herein as “Clients” or “you”). Investors in the Fund are referred herein as “Fund Investors”. Masonry Capital GP, LLC, a Delaware limited liability company, is the general partner of the Fund and is responsible for the management of the Fund’s operations. The Firm does not hold itself out as specializing in a particular type of advisory service. Please review the Firm’s investment guidelines, specified below under “Client Investment Guidelines and Parameters”. Client Investment Guidelines and Parameters: Generally: The Firm provides both discretionary and non- discretionary investment advisory services to all Clients in accordance with the terms and conditions of the relevant investment management or consulting agreement. The Fund: The Fund’s investment objective is to seek absolute returns,

on an after-fee basis versus the S&P 500, over the long term, primarily through locating and investing in undervalued securities while avoiding the permanent impairment of capital. The Firm intends to meet this investment objective primarily through capital appreciation; however, at times, a significant portion of the Fund’s returns could come from income generation, depending on where the markets are in a particular investment cycle. Separately Managed Accounts: For separately managed accounts (“Managed Accounts”), please refer to the relevant investment management agreement for investment guidelines and parameters. No assurance can be given that the Firm will achieve its objectives for the Fund or any Managed Account, and investment results may vary substantially over time and from period to period. (C) Advisory Services: The Firm directs the investment of the Fund’s assets pursuant to a pre-agreed investment objective and strategy, summarized above, which is disclosed to Fund Investors prior to their investment. The Firm does not tailor its advisory services to the individual needs of Fund Investors, and Fund Investors may not impose restrictions on investing in certain securities or types of securities. Each Fund Investor’s investment will be allocated in the same manner as each of the other Fund Investors. For Managed Accounts, see response to Item 4.(B), above. (D) Wrap Fee Programs: The Firm does not participate in wrap fee programs. (E) Client Assets Under Management: (rounded to the nearest $100,000) Discretionary: $63,600,000 as of December 31, 2023. Non-discretionary: $453,100,000 as of December 31, 2023.