Gables Capital Management, Inc. (hereinafter “GCM” or the "firm") is a registered investment adviser based in Miami, Florida. We are a corporation under the laws of the State of Florida. We have been providing investment advisory services since 1997. Eric Michael McKenna, President and Judith Cohen Neiwirth, Executive Vice President are the principal owners of GCM. Judith Cohen Neiwirth is the Chief Compliance Officer of GCM. Currently, GCM provides portfolio management services to institutional and high net worth Clients. The following paragraphs describe what we do and what we charge. Our investment advisory services are listed below and describe how we tailor our advisory services to our Clients' individual needs. Also, you may see the term Associated Person throughout this Brochure. As used in this Brochure, this term refers to anyone from our firm who is an officer, employee, and all individuals providing investment advice on behalf of our firm. All individuals providing investment advice on behalf of the firm are properly authorized and/or registered as investment adviser representatives in all required jurisdictions. Portfolio Management Services GCM provides continuous portfolio management services on a discretionary basis. Discretionary asset management services means that once the account objective has been agreed upon, the ongoing supervision and management of the portfolio will be GCM's responsibility. This authority is granted to GCM by the Client in a written agreement. Discretionary authority allows the firm to decide on specific securities, the quantity of the securities and placing buy or sell orders for the Client's account without obtaining advance approval for each transaction. Clients may limit this authority by setting a limit on the types and amounts of securities that can be purchased for their account. Clients may provide us with their restrictions or guidelines in writing. Our investment advice is tailored to meet our Clients’ needs and investment objectives. We will meet with Clients to gather the necessary financial information, determine goals, and risk tolerance. The information we gather helps us implement an asset allocation strategy that is specific to our Clients' goals. GCM mainly uses exchange listed securities, over-the-counter

securities, foreign securities, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, mutual funds, exchange traded funds, United States government securities and options in its portfolio management programs. However we construct an investment portfolio, we will monitor the portfolio’s performance on a continuous basis, and adjust or rebalance the portfolio whenever necessary, as changes occur in market conditions, the Client's financial circumstances, or both. We recommend that Clients review the statement(s) they receive from the qualified custodian. Clients should call our main office number, located on the cover page of this brochure, if they notice any inaccuracies in their statements. Adviser to Specialized Trusts GCM provides discretionary portfolio management services to specialized trusts and/or trust related accounts through agreements with unaffiliated, third party bank or trust institutions. GCM determines the investments to be purchased or sold within the portfolio for these trusts, and places orders for the execution of such portfolio transactions. Subject to the agreement with GCM, a Client may impose reasonable restrictions on the securities or types of securities held in the client’s account. GCM is the investment advisor to the following limited partnerships: Cypress Grove Partners, L.P. GCM serves as the investment advisor to Cypress Grove Partners, L.P. (“CGP”), a Delaware limited partnership. GCM strongly believes that superior long-term investment performance is achieved by avoiding substantial losses; therefore, the Investment Manager will utilize a disciplined strategy that seeks to control risk and minimize volatility. CGP's portfolio primarily consists of long and short positions in U.S. common stocks and at times, call and put options on such positions. Investments in equity securities are made after an extensive review, which includes both fundamental and technical analysis. Investors in this Fund should refer to the Funds offering documents for further information about the Fund. Assets Under Management As of December 31, 2023, we manage $348,850,308 in client assets on a discretionary basis. We do not manage assets on a non-discretionary basis.