Baxter Bros., Inc. is a corporation formed under the laws of the State of New York, doing business as Baxter Investment Management (“Baxter”). Our firm was founded as The Baxter International Economic Research Bureau in 1924, and our history spans three generations of the Baxter family. William J. Baxter III and John Baxter respectively own 65% and 35% of the common stock of the firm. Baxter offers personalized, discretionary portfolio management services to a variety of clients. As of December 31, 2023, we had $915,112,236 in discretionary assets under management . Managing risk is the key to successful wealth management, and our basic philosophy has been honed over 90 years and three generations of financial professionals. We are not constrained by styles such as growth and value, or market capitalization limits such as large cap, mid cap, or small cap. We will invest where we believe the best opportunities for long-term growth lie. We are sometimes described as a “Core” manager or a GARP (growth at reasonable prices) manager. Regardless of labels, our objective is to identify compelling values that we believe will generate attractive returns on capital for our clients. We may also recommend to certain qualified clients an investment in a private fund or offering. Baxter will provide initial due diligence on recommended private investment funds and perform ongoing due diligence and investment monitoring services. Our clients are under no obligation to consider or make an investment in a private investment fund. Each prospective private fund investor will be required to complete a subscription agreement or similar application that will confirm the investor’s qualification for investment in the fund and acknowledge the various risk factors that are associated with

such an investment. Please see Item 8 for more information on the risks associated with this type of investment. In connection with our portfolio management services, (1) we tailor our advice to the client’s individual needs, (2) clients may impose reasonable restrictions on our services, which may include restrictions on investing in certain securities or types of securities, by discussing and requesting, in writing, those restrictions, (3) we will not be required to independently verify any information that is provided to us by the client or any of the client’s other professionals (such as the client’s attorney or accountant), and (4) each client is responsible to promptly notify us if there is ever any change in their financial situation or investment objectives so that we are positioned to review, evaluate and possibly revise our previous recommendations and/or services. In some instances, we assist clients with their retirement plan accounts. When an employee leaves an employer there are generally four options regarding an existing retirement plan account and the employee may use a combination of those options, such as; 1) if permitted, leaving the funds in the former employer’s plan, 2) if rollovers are permitted and the employee has a new employer with an available plan, the employee may rollover the funds to the new employer plan, 3) rollover the funds to an Individual Retirement Account (“IRA”), or 4) withdraw or cash out the employee’s funds from the plan which may have adverse tax consequences depending on certain factors. If a client chooses to rollover retirement plan assets into an IRA account managed by Baxter, Baxter will receive an asset management fee. Clients are under no obligation to roll retirement plan assets to an account managed by us.