Salient Advisors, L.P. is an SEC-registered investment adviser with its principal place of business located in Dallas, Texas. Salient Advisors, L.P. began conducting business in 2002. The Adviser is also registered as a Commodity Pool Operator (“CPO”) with the Commodity Futures Trading Commission (the “CFTC”) and is a member of the National Futures Association (the “NFA”). Listed below are the firm's principal owners (i.e., those individuals and/or entities controlling 25% or more of this company):  Westwood Holdings Group, Inc. The Adviser has a Fund Operating Committee which oversees its operations and investment advisory services. The Fund Operating Committee is comprised of senior management and investment professionals. These individuals, and other affiliated persons of the Adviser, are also owners, officers, and/or employees of Westwood Management Corp., a registered investment adviser and wholly-owned subsidiary of WHG (collectively, “Westwood”). Research, analysis, and allocation of investment opportunities will be shared by the Adviser and affiliates of Westwood. Salient Advisors, L.P. offers the following advisory services to our clients: Salient Advisors, L.P. (the “Adviser”) provides investment advisory services to Investment Funds which includes the Westwood Broadmark Tactical Plus Fund (the “Broadmark Tactical Plus Fund”). The Westwood Broadmark Tactical Plus Fund is a series of Ultimus Managers Trust, an Ohio series trust and an open-end management investment company registered under the Investment Company Act of 1940, as amended and the Securities Act of 1933, as amended. The investment advisory services provided to the Fund are governed by an investment management agreement between the Fund and Salient Advisors, L.P. The Westwood Broadmark Tactical Plus Fund invests primarily in a diversified portfolio of instruments that provide exposure to U.S. and

non-U.S. equity securities. These instruments generally include futures and options on securities, securities indices and shares of exchange-traded funds (“ETFs”). The Fund may also invest in equity securities (such as common stocks, preferred stocks and shares of investment companies, including ETFs) of U.S. and non-U.S. issuers, which may include emerging market issuers, in any industry sector and in all market capitalization ranges, including small capitalization stocks, without limitation. The Adviser has entered into an agreement with Broadmark Asset Management LLC, an affiliated investment adviser, to assist the Adviser in the management of the Broadmark Tactical Plus Fund as a sub-advisor. The Fund’s investment objective, investment strategy and other important disclosure information is contained in the Fund’s prospectus and SAI. Salient Advisors, L.P. has no other clients, and the investment services that Salient provides are limited to the management of the assets of the Westwood Broadmark Tactical Plus Fund (i.e., Salient Advisors, L.P. does not provide any investment advice directly to individual investors in the Fund). Publication of periodicals or newsletters: We also issue research reports and develop other products derived from market research. Our market research reports and other products differ from traditional investment research because they focus on macroeconomic conditions, business trends in particular industries and industry conditions, rather than on statistical analysis or financial valuation or earnings models of individual issuers. We use our research reports in connection with providing investment advice to the funds we manage. We also use our research reports in communications to fund investors and potential investors. Amount of Managed Assets: As of 12/31/2023, the Adviser had discretionary assets under management of $75,260,759.