About Our Firm Ackerman Capital Advisors, L.L.C. (d/b/a as Ackerman Capital Management, L.P.) (the “Investment Manager”, “firm”, “us”, “our” or “we”) is a wealth management services firm founded in 2002 as the successor firm to previous entities originally established in 1969. Ackerman Capital Management is primarily engaged in the management of investment portfolios in separate accounts for high-net-worth clients, including individuals, families, corporations, charitable entities, and certain pension plans. In addition, the firm provides investment advisory services to certain private funds. The firm also provides comprehensive financial planning advice to clients, if requested. The firm also provides retirement plan consulting to business clients on defined contribution plans, including 401(k), 403(b), and profit-sharing plans. The owner of Ackerman Capital Advisors, L.L.C. is David B. Ackerman. Investment Management Services Our firm offers investment advisory services to separately managed accounts. We assist clients in determining short-term and long-term objectives, income needs, risk tolerance, investment time horizon and other factors relevant to the management of their portfolio(s). This information is used to select an appropriate investment strategy from among the core offerings we provide or to develop a customized strategy. Each strategy has a corresponding Investment Policy Statement (IPS) which outlines the investment objectives and constraints of that strategy and sets the parameters by which a portfolio will be managed, including asset allocation targets and ranges. We seek to manage overall portfolio risk through diversification among different asset classes and investment styles. In providing advisory services to separate account clients, we primarily invest in in exchange-traded funds (ETFs) and no-load mutual funds. We do not participate in any wrap fee programs. All client portfolios are monitored on an ongoing basis to ensure that they remain consistent with each client’s goals and the designated strategy IPS. ACM Enhanced Municipal Income Fund, L.P. Our firm serves as the investment adviser to a private fund, ACM Enhanced Municipal Income Fund, L.P. (the “ ACM Partnership”). The ACM Partnership seeks attractive, tax-efficient returns by investing in closed-end municipal bond funds. The ACM Partnership primarily invests in a portfolio of publicly-traded U.S. equity securities, both long and short, although other strategies and types of investments may be employed. The general partner of the ACM Partnership is ACM Enhanced Municipal Income GP, L.P. A/Y Digital Holdings, L.P. Our firm serves as the investment adviser to a private investment partnership, A/Y Digital Holdings, L.P. (the “A/Y Partnership” together with the ACM Partnership, the “Partnerships” and Page 5 of 29 each, a “Partnership”). The A/Y Partnership seeks to provide long-term growth, inflation protection, and portfolio diversification by investing in cryptocurrencies, digital assets, and related securities. The A/Y Partnership is a multi-strategy digital asset fund. The A/Y Partnership seeks long-term growth through digital asset strategies including, but not limited to: (i) Major Cryptocurrencies - making investments in Bitcoin and Ether, the two largest cryptocurrencies, as long-term holdings; (ii) Altcoins - the purchase of a select number of other cryptocurrencies which offer long-term appreciation potential; (iii) Arbitrage – the A/Y Partnership will seek to profit from arbitrage opportunities in mispriced assets and certain related derivatives across multiple exchanges; and (iv) Decentralized Finance – the A/Y Partnership will seek to earn income and staking rewards on various decentralized finance protocols in a prudent a diversified manner; and (v) the A/Y Partnership may invest in publicly-traded securities, equity or debt, related to digital assets or blockchain technology. The general partner of the A/Y Partnership is A/Y Digital GP, L.P. Retirement Consulting Services We offer retirement plan consulting services to defined contribution plans, such as 401(k), 403(b), and profit-sharing plans. Such advisory services are pursuant to ERISA 3(38) or 3(21) fiduciary services to employers or plan sponsors for the benefit of employee retirement plans. Retirement plan consulting services may include assisting in the development of the investment policy statement, selection and ongoing analysis of current investment options, assistance

in selecting new investment alternatives, benchmarking and investment analysis, providing education services to plan participants and serving as a fiduciary 3(38) for our clients plans. The full scope of our retirement plan consulting services is detailed in our Consulting Agreements with such clients. Defined contribution plans are participant-directed, and we neither possess trading authority nor maintain custody of funds and securities with respect to such client accounts. Our firm also counsels plan sponsors with regard to cash balance plans. In doing so, we partner with third-party administrators and actuaries to advise business owners on the benefits, suitability, and implementation of such plans. We may also provide discretionary investment management services to cash balance plans in an effort to manage portfolios to optimal return targets. Financial Planning Services Our firm provides clients with financial planning services, if requested, by advising them and coordinating with third-party professionals on matters including, but not limited to, financial goals and objectives, cash flow and debt management, net worth reporting, estate planning, tax planning, business planning, educational savings, retirement planning, and philanthropy. We may provide new or existing clients with a comprehensive financial plan that addresses all such applicable financial aspects along with appropriate recommendations for action. We monitor financial plans as necessary, or as reasonably requested, and provide clients with periodic reviews of their plans, in person, by email, telephone, or videoconference. We also may provide clients with financial planning services on a project-by-project basis. Financial planning services may be provided in conjunction with investment management services or as a separate service. Page 6 of 29 Our firm may charge fees for financial planning services that may be in addition to investment management fees. Clients who desire our financial planning services execute a financial service agreement outlining the financial planning services we will provide and any additional planning fees that may be charged for these services. Tailoring Services Our firm tailors our investment advisory and financial planning services to the individual goals, needs, and circumstances of our clients. We recommend investment strategies that are best suited for our clients from among our available offerings or provide clients with customized strategies based on their objectives. Our portfolio managers then adhere to the applicable investment strategy and its associated IPS. With respect to the Partnerships, we follow the strategy set forth in the applicable Partnership’s applicable governing documents (including each Partnership’s Private Placement Memorandum). Discretionary Management Client accounts are typically managed on a discretionary basis, with the exception of participant- directed retirement plans or, under special circumstances, separate accounts subject to a specific negotiated arrangement. Termination of the Relationship/Withdrawal Rights Separate account, financial planning, and retirement consulting agreements are generally terminable by either party upon receipt of thirty (30) days advance written notice from the other party. Limited partners in the Partnerships generally have the right to withdraw its interest from the applicable Partnership as of the close of business on the last day of a fiscal quarter, provided that (i) the limited partner has held such interest for at least one (1) year and (ii) advance notice of forty-five (45) days is provided to the general partner of the Partnership. Assets Under Management As of December 31, 2023, the firm managed 416 separately managed accounts on a discretionary basis with assets totaling $384,093,737, 108 accounts on a non-discretionary basis with assets totaling $38,469,737, ACM Enhanced Municipal Income Fund, L.P. with 44 limited partners and assets totaling $13,511,568, and A/Y Digital Holdings, L.P. with 36 limited partners and assets totaling $9,287,273.1 Combining the separately managed accounts and the Partnerships, the firm manages $445,362,315 in the aggregate. 1 Note: The firm entered into an investment management agreement with A/Y Digital Holdings, LP as of March 28, 2024. Accordingly the total amount of assets under management reflect $9,287,273 of assets in the A/Y Partnership as of March 28, 2024 managed by the firm. Page 7 of 29