2024 Q2 INVESTOR UPDATE EQUITIES Performance: Equity+ accounts gained ~9.6% since the start of 2024. Importantly, from our 2016 inception date your portfolios appreciated by ~16.0% annually, well ahead of our internal “double digit” bogey. Reported results include the deduction of all expenses and fees. During the recent quarter there

2024 Q1 INVESTOR UPDATE While Q1 performance was exceptional across Seabird’s strategies (please see our attached composite performance tear sheet), there were no remarkable events in the quarter nor news to report. To the contrary, news painted in the press as critical to an investor’s decision-making process is mostly irrelevant

  2023 ANNUAL INVESTOR UPDATE  Seabird investors enjoyed exceptional returns across all three of our strategies in 2023:  Muni+: 8.85% Income+: 14.82% Equity+: 29.78%  Our long-time clients are aware that our focus is neither on the narrow window of the trailing year, nor the 12 months which lie ahead of us.  Our core

7 YEARS AT SEABIRD SEABIRD MUNI+: +49.3%S&P Muni Bond Index: +0.99% SEABIRD INCOME+: +62.3%Bloomberg Agg Bond: -0.09% When Seabird opened its doors 7 years ago, we didn’t set out to outperform our peers. In fact, we’ve never given a single thought to our peers when making an investment decision. Then