Drystone Communications

Drystone reports to each client at least quarterly on portfolio holdings, activity and performance. Drystone's written reports are in addition to the trade confirmations, monthly statements, and annual tax forms provided separately by the client's broker-custodian.

Each Drystone quarterly report includes commentary explaining Drystone's investment decisions. The following are excerpts from past quarterly commentaries:

Drystone LLC investment portfolio manager