Advisory Services Overview ARS Investment Partners, LLC (“ARS” or the “Firm”), the successor to and formerly known as A.R. Schmeidler & Co., Inc., is a Delaware limited liability company that was originally founded in 1971 by Arnold Schmeidler. ARS is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) with the US Securities and Exchange Commission (“SEC”). Effective December 20, 2016, three of its affiliated registered investment advisers (Artemis Wealth LLC, Somerset Capital Advisers, LLC and PS Management, Inc.) (together, the “Predecessor RIAs”) merged into and formed ARS Investment Partners, LLC. ARS is majority owned by Artemis US Corporation. Artemis US Corporation is 100% owned by Artemis Investment Management Corporation, a financial services firm headquartered in Toronto, Ontario, Canada. Mr. Miles Nadal is the controlling shareholder of Artemis Investment Management (2021) Corporation. ARS provides the following discretionary and non-discretionary investment advisory services:
• to separately managed accounts (“SMAs”), managed on either a discretionary or non- discretionary basis as specified in the pertinent investment management agreements. ARS develops an investment strategy and investment guidelines following a review of the Client’s investment objectives and financial circumstances. Clients may impose restrictions on investing in certain securities or types of securities. ARS may also engage one or more third-party sub-advisers to manage all or a portion of a Client’s portfolio, subject to the terms of the relevant Client agreement. Clients may request that ARS purchase or hold securities that ARS does not currently recommend for Client accounts (“Unsupervised Assets”). ARS is not obligated to comply with the Client’s request and any activity ARS conducts relating to Unsupervised Assets is provided solely as an accommodation to the Client. ARS has no responsibility or liability with respect to the determination to purchase, hold, or sell Unsupervised Assets or for making any determination as to whether such Unsupervised Assets are or

continue to be suitable or appropriate for the Client. ARS also provides investment advisory services whereby a Client of ARS can have access to unaffiliated, third-party traditional and alternative investment manager firms. As part of these services, ARS assists the Client with the development of their investment objectives and provides investment and manager recommendations based on the objectives and investment preferences, restrictions, and guidelines a Client may impose on their separately managed account. ARS conducts overall due diligence of recommended third-party investment managers and provides periodic reports to Clients regarding their investments. See Item 8 below for more information about the strategies offered.
• to pooled investment vehicles (“Funds”). ARS is the investment manager to Funds which are pooled investment vehicles intended for sophisticated and institutional investors. The Funds are limited partnerships or limited liability companies organized under the laws of the States of Delaware and Ohio. Interests in the Funds are offered to qualified investors solely on a private placement basis in accordance with Regulation D under the Securities Act of 1933. The Funds are exempt from registration as an investment company in accordance with Section 3(c)(7) or Section 3(c)(1 of the Investment Company Act of 1940, as amended. There are additional costs and expenses associated with the Funds that are paid directly and indirectly by the investors. Each Fund’s offering memorandum contains disclosures of the costs, expense, carried interest calculations, withdrawal options, and return on investment payments. No guarantees can be offered that the Funds’ investment goals or objectives will be achieved. See Item 8 infra for more information about the Funds. ARS neither sponsors nor participates in wrap fee programs. As of December 31, 2023, ARS has approximately $1.357 billion in assets under management, which consists of approximately $1.44 billion of discretionary assets under management, and $130 million in non- discretionary assets under management.