PRIVACY OF CONSUMER INFORMATION (REGULATION S-P) FIVE MILE RIVER INVESTMENT MANAGEMENT, LLC (FMR) This regulation requires financial institutions to notify clients as to the disclosure of nonpublic personal information. At Five Mile River Investment Management, LLC all client information is confidential. The only confidential information that is disclosed is the information that is provided to Royal Bank of Canada (RBC) in order to open accounts and determine margin, tax status etc. We do not provide information to any entity other than your custodian, or your accountant upon request. We do not sell client information to anyone. We do not disclose client information to any third parties with the exception of client accountants, and only when requested by the client. The personal information that is collected is required by RBC to open accounts. Other information such as investment objectives, portfolio composition, financial projections etc. are kept confidential at Five Mile River. We do not present or use client information in our website www.fivemileriver.com). Five Mile River website (fivemileriver.com) does not require a password. We do maintain and collect information necessary to manage client’s accounts such as transactions, account balances, historical transactions since this is necessary in the overall administration of accounts. This information is also kept confidential. We maintain personal client information to meet information requirements as per SEC and IRS regulations, and information concerning taxes etc. We restrict access to client information to employees of Five Mile River Investment Management. Employees are required to safeguard client information. We make an ongoing effort to safeguard client information by restricting access to our physical premises and shredding any documents on the premises that are to be discarded having to do with any information regarding client or account information. Electronic files are secured by passwords and back up files are encrypted. We will provide clients with timely notice of any changes in our privacy practices or those of Royal Bank of Canada, and all other brokers or custodians used by the client. FOR MORE INFORMATION ABOUT THE FMR PRIVACY POLICY, PLEASE CALL US AT 203-388-4810