Description of Firm Global Value Investment Corporation (“GVIC”) is a Delaware corporation offering investment advisory services to a wide variety of clients. GVIC began offering investment advisory services in 2007. Jeffrey R. Geygan, Chairman of the Board of Directors, is the controlling shareholder. James P. Geygan serves as the Chief Executive Officer. The firm is headquartered in Milwaukee, WI. The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our investment advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to GVIC, and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm. Investment Management Services (Wrap Fee Program and Non-Wrap Fee Program) We offer discretionary investment management services to high-net-worth individuals and other retail clients. We begin by conducting a complimentary initial consultation, during which pertinent information about your financial circumstances, goals, and objectives is collected. The information collection process typically addresses present and anticipated assets and liabilities, including investments, savings, and retirement or other employee or employer benefits. The primary objective of this process is for us to assist you in developing a strategy for the successful management of income, assets, and liabilities to meet your financial goals and objectives. Once your financial circumstances are determined, a portfolio is established and the investments within the portfolio are managed according to one or more investment strategies developed by our firm. These investment strategies are designed for clients with varying degrees of risk tolerance ranging from conservative to aggressive. Clients whose assets are invested in such investment strategies may set restrictions on the specific types of securities, holdings, or allocations within the strategy; in such cases, this may prevent a client from investing in certain investment strategies that are offered by GVIC. Our investment management services require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment management services agreement you sign with our firm and the appropriate trading authorization forms. We offer our investment management services as a wrap fee program or non-wrap fee program. Wrap Fee Program We are a portfolio manager to, and sponsor of, the wrap fee program, which is a type of investment program that provides you with access to our investment management services for a single fee that includes administrative fees, management fees, and commissions. If you participate in our wrap fee program, you will pay our firm a single fee, which includes our investment management fees, certain transaction costs, and custodial and administrative costs. The overall cost you will incur if you participate in our wrap fee program may be higher or lower than you might incur by separately purchasing the types of securities available in the program. To compare the cost of the wrap fee program with non-wrap fee investment management services, you should consider the frequency of trading activity associated with our investment strategies and the brokerage commissions charged by other broker-dealers, and the advisory fees charged by investment advisers. For more information concerning the wrap fee program, see Appendix 1 to this Brochure. Non-Wrap Fee Program Where you are in a non-wrap fee program, you will pay our investment management fees and custodial costs, commissions, and transaction costs. Sub-Advisory Services to Registered Investment Advisers We offer sub-advisory services to unaffiliated registered investment advisers (each an "Investment Manager"). As part of these services, we will provide our investment strategies, which the Investment Manager selects for its clients. We will directly manage the Investment Manager's individual client accounts on a discretionary basis. The Investment Manager will be responsible for selecting the appropriate strategy for its clients. Third-Party Advisory Services to Registered Investment Advisers We offer third-party advisory services to unaffiliated registered investment advisers (each a "Sponsor"). As part of these services, the Sponsor will offer our investment strategies to certain of its clients, which, with the assistance of the Sponsor, will select one or more investment strategies and enter a separate investment management services agreement with our firm. We will directly manage each individual client’s account on a discretionary basis. When we provide these services, the Sponsor generally acts as the primary point of communication for clients, but we will collect certain information from these clients and communicate with these clients in accordance with our regulatory obligations. Investment Management Services for Private Funds We serve as an investment adviser to certain private investment funds (the "Funds"). We base our advice to such Funds on the investment objective and restrictions (if any) set forth in the offering memorandum, organizational documents, investment management services agreement, and/or subscription agreement, as applicable (each and collectively, the "Governing Documents"). Such

Funds are available for investment only by institutional investors and other sophisticated, high-net-worth investors, who meet the eligibility requirements of the applicable Fund set forth in its Governing Documents. Each such Fund is exempt from registration as an investment company under Section 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940, as amended. We are affiliated through common control and ownership with GVP 2021-A L.L.C., the general partner of GVP 2021-A, L.P. (the “General Partner”). We are named as the investment manager of GVP 2021-A, L.P. GVP 2021-A, L.P. currently holds one security, Rocky Mountain Chocolate Factory, Inc. (“RMCF”), listed on the Nasdaq Global Market under the ticker RMCF. As indicated in the subscription documents signed by fund investors, clients are not charged a management fee; however, capital contributions are paid to GVIC as the fund manager, and pursuant to side letters entered into with each fund investor, carried interest will be charged at the conclusion of the fund based on the fund’s performance. In addition, the General Partner, not GVP 2021-A, L.P., will bear all ordinary operating expenses. It is possible that investors in the fund could invest in RMCF and pay less than an investment in RMCF through GVP 2021-A, L.P. Jeffrey R. Geygan, Chairman of the Board of Directors and the controlling shareholder of GVIC, is also the Chairman of the Board of Directors, and Interim Chief Executive Officer of RMCF, roles for which he receives compensation from RMCF. This creates a conflict of interest because Mr. Geygan has an incentive to recommend investment in the fund. To mitigate this conflict, and in accordance with GVIC’s Code of Ethics, once he was appointed to the Board of Directors of RMCF, Mr. Geygan was recused from any investment decisions made by GVIC relating to RMCF. In connection with his appointment as Interim Chief Executive Officer of RMCF, Mr. Geygan has taken a leave of absence from his role as Chief Executive Officer and President of GVIC. Mr. Geygan will remain the controlling shareholder of GVIC and continue serving as the Chairman of the Board of Directors of GVIC. In his capacity as Chairman of the Board of Directors of GVIC, GVIC’s Board of Directors has granted Mr. Geygan’s request for continuing access to GVIC’s systems and files to aid in the discharge of his duties as Chairman of the Board of Directors of GVIC. While Mr. Geygan has taken a leave of absence from his position as Chief Executive Officer and President of GVIC, and in doing so has relinquished his executive responsibilities, he will remain involved in the business as Chairman of the Board of Directors. An investment in RMCF through an advisory account with GVIC is more liquid than a partnership interest in GVP 2021-A, L.P. (that is, the securities are more accessible and subject to fewer restrictions), which can only be redeemed with permission from the General Partner. Types of Investments We invest managed assets primarily in exchange-listed equity securities (both foreign and domestic), corporate bonds (where issuance is fully registered), and US Treasury securities. From time to time, we may invest in equity securities traded over-the-counter (both foreign and domestic), American depository receipts, exchange-traded funds, mutual funds (including money market funds), options, or other types of 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 than, or conflict with, the advice we give to other clients regarding the same security or investment. IRA Rollover Recommendations For purposes of complying with the U.S. Department of Labor’s Prohibited Transaction Exemption 2020- 02 where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest. Assets Under Management As of February 12, 2024, we had total assets under management of $171,075,331, of which $170,305,862 were discretionary assets and $769,469 were non-discretionary assets.