Firm Description RBO & Co., LLC, (RBO) was founded in 1980. RBO provides investment management services to clients on a discretionary basis. RBO implements its investment philosophy and independent research process in determining appropriate positions for individual client portfolios. Though RBO generally invests in U.S. listed securities, the firm may purchase American depository receipts (ADRs), which reflect investments in foreign securities, or may purchase foreign securities directly, preferred securities, REITs, corporate bonds, municipal bonds or treasury bonds for its clients’ portfolios. Generally, RBO does not render any advice or take any action with respect to securities clients hold or have held that become the subject of any legal proceedings, including class actions and bankruptcies. RBO is strictly a fee-only investment management firm. The firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder’s fees are accepted. Principal Owners John M. Oliver is the principal owner and Managing Member. Types of Advisory Services RBO provides investment management services, also known as asset management services, and manages investment advisory accounts not involving investment supervisory services. RBO manages portfolios that include but are not limited to equities, preferred securities, REITs, corporate bonds, municipal bonds and treasury bonds. As of 12/31/2023, RBO manages approximately $615,406,289 of regulatory assets under management (including margined securities) and $608,554,505 of assets net of margined securities. All assets are managed on a discretionary basis. Tailored

Relationships When appropriate, RBO will tailor relationships to a client. For example, a client that stresses the need for income will generally but not exclusively own income producing investments. Clients may impose restrictions on investing in certain securities or types of securities. For example, a client may request that RBO not purchase alcohol-related investments. Types of Agreements The following agreements define the typical client relationships. Investment Management Agreement An Investment Management Agreement will be executed when a prospective client decides to engage RBO. The agreement outlines the scope of the relationship between RBO and a client. Please contact RBO for a copy of our Investment Management Agreement. The agreement will allow RBO to invest client assets invested primarily in U.S. listed securities, American depository receipts (ADRs), foreign securities, preferred securities, REITs, corporate bonds, municipal bonds or treasury bonds for its clients’ portfolios. If assets are invested in a fund, fund companies charge each fund shareholder an investment management fee that is disclosed in the fund prospectus. Brokerages may charge a transaction fee for the purchase of some funds. Stocks and bonds will be purchased or sold through a brokerage account when appropriate. The brokerage firm charges a fee for stock and bond trades. RBO does not receive any compensation, in any form, from fund companies. Termination of Agreement A client or RBO may terminate the aforementioned agreement at any time upon thirty (30) days prior written notice. Fees will be prorated to date of termination. Upon termination of this Agreement, Adviser is under no obligation to recommend any action with regard to the securities or other property held in the Account.