7 ANNUAL PRIVACY POLICY AND FORM ADV We are happy to introduce PAIGE who has joined CCM’s Tax Team, and CCM Tax & Trust Administration, bringing an additional Certified Public Accountant (CPA) to our talented team of tax advisors. Full colleague biographies can be read at carlsoncap.com/team Paige Woods, CPA Tax Senior Bloomington Office University of North Dakota Alumna CCM WELCOMES A NEW COLLEAGUE Enclosed with this quarter’s report you’ll find CCM’s Privacy Policy statement, which we provide to you on an annual basis. In addition is an annual notice of what constitute material changes to our Form ADV Part 2A Brochure.The Form ADV Part 2A Brochure is a document all investment advisers are required to file with the U.S. Securities Exchange Commission. It is updated (minimally) on an annual basis and we provide you with a summary of material changes as a means of keeping you informed.You will note that there were no material changes made to CCM’s ADV this year. The full Form ADV Brochure and Supplement as well as our Privacy Policy are always available to you. The Privacy Policy is online and the ADV can be requested at any time at carlsoncap.com/ADV . These documents are also saved in your Client Portal and are available by phone request. Be sure to let us know if you have any related questions. The Rendall Family (White Bear Lake, Minnesota), recently shared this family photo with us featuring four generations of CCM clients. Jay Rendall and his wife Penny introduced their parents, and their children, to CCM. Pictured with Jay above are his son,Wil, grandson,Tanner (son of Jay’s daughter, Rebecca), and his father, Dave (who recently passed away in January of 2017).As CCM celebrates thirty years of serving clients, we are humbled and honored to serve the Rendalls, and many families like theirs. FOUR GENERATIONS OF CCM CLIENTS THANK YOU!