COMMUNICATION

The brokerage firm/custodian provides written confirmation of client transactions as they occur as well as a monthly report. In addition, Earl M. Foster Associates provides a quarterly accounting, which values the portfolio, summarizes all principal transactions, and reports gains and losses for the quarter. Accompanying this report is a personal letter reviewing the activity and performance of the portfolio along with a newsletter outlining our investment strategy.

At year-end, the Company issues a comprehensive gain/loss report for portfolios subject to capital gains taxes.

We encourage client communication. Formal meetings can be arranged or, on an informal basis, clients can be updated by telephone.