CLIENT STATEMENT For the Period August 1-31, 2023

STATEMENT FOR: Beginning Total Value (as of 8/1/23) $190,489.97

ANNEA MASSIMINO TTEE Ending Total Value (as of 8/31/23) $191,280.96
ANNEA MASSIMINO RLT U/A DTD Includes Accrued Interest
09/02/2022

Your Financial Advisor

Matthew K Blakeley
[email protected]
808 525-6077

Morgan Stanley Smith Barney LLC. Member SIPC. Your Branch

733 BISHOP STREET SUITE 2800
HONOLULU, HI 96813
Telephone: 808-525-6900 ; Alt. Phone: 800-465-4071 ; Fax: 808-525-6901

#BWNJGWM

ANNEA MASSIMINO TTEE

ANNEA MASSIMINO RLT U/A DTD
09/02/2022
1860 ALA MOANA BLVD #2001
HONOLULU HI 96815-1640

Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326

Access Your Account Online: www.morganstanley.com/online
INVESTMENTS AND INSURANCE PRODUCTS: NOT FDIC INSURED • NOT A BANK DEPOSIT •
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT BANK GUARANTEED •
MAY LOSE VALUE • UNLESS SPECIFICALLY NOTED, ALL VALUES ARE DISPLAYED IN USD
129 - 220101 - 251 - 4 - 1
CLIENT STATEMENT For the Period August 1-31, 2023 Page 2 of 6

Standard Disclosures
The following Disclosures are applicable to the enclosed statement(s). exchange for pledging assets in your accounts as collateral for any printed in heat-sensitive ink on the back of every page. When exposed
Expanded Disclosures are attached to your most recent June and outstanding margin loan. The amount you may borrow is based on the to warmth, the color will disappear, and then reappear.
December statement (or your first Statement if you have not received a value of the eligible securities in your margin accounts. If a security has SIPC Protection
statement for those months). The Expanded Disclosures are also eligible shares, the number of shares pledged as collateral will be We are a member of Securities Investor Protection Corporation (SIPC),
available online or by contacting us by using the contact information on indicated below the position. which protects securities of its customers up to $500,000 (including
the statement cover page. Margin Interest Charges $250,000 for claims for cash). An explanatory brochure is available
Questions? We calculate interest charges on margin loans as follows: (1) multiply upon request or at www.sipc.org. Losses due to market fluctuation are
Questions regarding your account may be directed to us by using the the applicable margin interest rate by the daily close of business net not protected by SIPC and assets not held with us may not be covered
contact information on the statement cover page. settled debit balance, and (2) divide by 360 (days). Margin interest by SIPC protection. To obtain information about SIPC, including an
Errors and Inquiries accrues daily throughout the month and is added to your debit balance explanatory SIPC brochure, contact SIPC at 1-202-371-8300 or visit
Be sure to review your statement promptly, and immediately address at month-end. The month-end interest charge is the sum of the daily www.sipc.org.
any concerns regarding entries that you do not understand or believe accrued interest calculations for the month. We add the accrued Transaction Dates and Conditions
were made in error by contacting us by using the contact information interest to your debit balance and start a new calculation each time the Upon written request, we will furnish the date and time of a transaction
on your statement cover page. Oral communications regarding any applicable interest rate changes and at the close of every statement and the name of the other party to a transaction. We and/or our
inaccuracy or discrepancy in this statement should be re-confirmed in month. For interest rate information, log into your account online and affiliates may accept benefits that constitute payment for order flow.
writing to further protect your rights, including rights under the select your account with a Margin agreement to view more information. Details regarding these benefits and the source and amount of any
Securities Investor Protection Act (SIPA). Your statement will be Information Regarding Special Memorandum Account other remuneration received or to be received by us in connection with
deemed correct unless we receive a written inquiry of a suspected If you have a Margin Account, this is a combined statement of your any transaction will be furnished upon written request.
error. See your account documentation for special rules regarding your Margin Account and Special Memorandum Account maintained for you Equity Research Ratings Definitions and Global Investment Manager
rights and responsibilities with respect to erroneous electronic fund under Section 220.5 of Regulation T issued by the Board of Governors Analysis Status
transfers, including a description of the transfers covered. For concerns of the Federal Reserve System. The permanent record of the Special Some equity securities may have research ratings from Morgan Stanley
or complaints, contact us. Memorandum Account as required by Regulation T is available for your & Co. LLC or Morningstar, Inc. Research ratings are the research
Senior Investor Helpline inspection at your request. providers' opinions and not representations or guarantees of
Senior Investor clients or those acting on their behalf have a convenient Important Information About Auction Rate Securities performance. For more information about each research provider's
way to communicate with our Firm by calling us at (800) 280-4534 For certain Auction Rate Securities there is no or limited liquidity. rating system, see the Research Ratings on your most recent June or
Monday-Friday 9am-7pm Eastern Time. Therefore, the price(s) for these Auction Rate Securities are indicated December statement (or your first statement if you have not received a
Availability of Free Credit Balances and Financial Statements by N/A (not available). There can be no assurance that a successful statement for those months), go online or refer to the research
Under the customer protection rules of the SEC [17 CFR auction will occur or that a secondary market exists or will develop for provider's research report. Research reports contain more complete
§240.15c3-3], we may use funds comprising free credit balances a particular security. information concerning the analyst's views and you should read the
carried for customer accounts here, provided that these funds are Structured Investments Risks and Considerations entire research report and not infer its contents from the rating alone. If
payable to customers on demand (i.e., are free of a lien or right of Structured Investments (Structured Products) are complex products and your account contains an advisory component or is an advisory
set-off in our favor or on behalf of some third party to whom you have may be subject to special risks. Investors should consider the account, a GIMA status will apply.
given control). A financial statement of this organization is available for concentration risk of owning the related security and their total Credit Ratings from Moody's Investors Service and Standard & Poor's
your personal inspection at its offices, or a copy will be mailed to you exposure to any underlying asset. Structured Investments, which may The credit rating from Moody's Investors Service and Standard & Poor's
upon your written request. appear in various statement product categories and are identified on may be shown for certain securities. All credit ratings represent the
Listed Options the Position Description Details line as "Asset Class: Struct Inv," may opinions of the provider and are not representations or guarantees of
Information with respect to commissions and other charges related to not perform in a manner consistent with the statement product performance. Please contact us if you need further information or
the execution of options transactions has been included in category where they appear and therefore may not satisfy portfolio assistance in interpreting these credit ratings.
confirmations of such transactions previously furnished to you and such asset allocation needs for that category. For information on the risks
information will be made available to you promptly at your request. and conflicts of interest related to Structured Investments generally, log Revised 11/2022
Promptly advise us of any material change in your investment in to Morgan Stanley Online and go to
objectives or financial situation. www.morganstanley.com/structuredproductsrisksandconflicts.
Important Information if You are a Margin Customer(not available for Security Measures
certain retirement accounts) This statement features several embedded security elements to
If you have margin privileges, you may borrow money from us in safeguard its authenticity. One is a unique blue security rectangle,
CLIENT STATEMENT For the Period August 1-31, 2023 Page 3 of 6

Active Assets Account ANNEA MASSIMINO TTEE

Account Summary 129-220101-251 ANNEA MASSIMINO RLT U/A DTD

CHANGE IN VALUE OF YOUR ACCOUNT (includes accrued interest) MARKET VALUE OVER TIME
This Period This Year The below chart displays the most recent thirteen months of Market Value.
(8/1/23-8/31/23) (1/1/23-8/31/23) 0.4%
191.4
TOTAL BEGINNING VALUE $190,489.97 —

($) Thousands
191.1
Credits — 190,000.00
Debits — — 190.8
Security Transfers — — 190.5
Net Credits/Debits/Transfers — $190,000.00
190.2
Change in Value 790.99 1,280.96
189.9
TOTAL ENDING VALUE $191,280.96 $191,280.96 JUL AUG
2023

The percentages above represent the change in dollar value from the prior period. They do not represent
account investment performance, as they do not consider the impact of contributions and withdrawals,
nor other factors that may have affected performance calculations. No percentage will be displayed
when the previous month reflected no value.

ASSET ALLOCATION (includes accrued interest)

Market Value Percentage
Cash $191,280.96 100.00
TOTAL VALUE $191,280.96 100.00%

FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash
and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures.
Values may include assets externally held, as a courtesy, and may not be covered by SIPC. Foreign
Exchange (FX) is neither FDIC nor SIPC insured. For additional information, refer to the corresponding
section of this statement.

Cash

This asset allocation represents holdings on a trade date basis, and projected settled Cash/BDP and
MMF balances. These classifications do not constitute a recommendation and may differ from the
classification of instruments for regulatory or tax purposes.
CLIENT STATEMENT For the Period August 1-31, 2023 Page 4 of 6

Active Assets Account ANNEA MASSIMINO TTEE

Account Summary 129-220101-251 ANNEA MASSIMINO RLT U/A DTD

BALANCE SHEET (^ includes accrued interest) CASH FLOW

Last Period This Period This Period This Year
(as of 7/31/23) (as of 8/31/23) (8/1/23-8/31/23) (1/1/23-8/31/23)
Savings and Time Deposits $190,489.97 $191,280.96 OPENING CASH, BDP, MMFs — —
Total Assets $190,489.97 $191,280.96 Purchases (790.99) (191,280.96)
Total Liabilities (outstanding balance) — — Income and Distributions 790.99 1,280.96
Total Investment Related Activity — $(190,000.00)
TOTAL VALUE $190,489.97 $191,280.96
Checks Deposited — 96,000.00
Electronic Transfers-Credits — 94,000.00
Total Cash Related Activity — $190,000.00
Total Card/Check Activity — —
CLOSING CASH, BDP, MMFs — —

INCOME AND DISTRIBUTION SUMMARY GAIN/(LOSS) SUMMARY

This Period This Year Unrealized
(8/1/23-8/31/23) (1/1/23-8/31/23) Realized This Period Realized This Year Inception to Date
Interest $790.99 $1,280.96 (8/1/23-8/31/23) (1/1/23-8/31/23) (as of 8/31/23)
Income And Distributions $790.99 $1,280.96 TOTAL GAIN/(LOSS) — — —
Tax-Exempt Income — — This Summary may change due to basis adjustments and should not be used for tax preparation. Refer to
the Expanded Disclosures or go to www.morganstanley.com/wealth/disclosures/disclosures.asp.
TOTAL INCOME AND DISTRIBUTIONS $790.99 $1,280.96
Taxable and tax exempt income classifications are based on the characteristics of the underlying
securities and not the taxable status of the account.
CLIENT STATEMENT For the Period August 1-31, 2023 Page 5 of 6

Active Assets Account ANNEA MASSIMINO TTEE

Account Detail 129-220101-251 ANNEA MASSIMINO RLT U/A DTD

Investment Objectives (in order of priority): Income, Aggressive Income, Capital Appreciation, Speculation Brokerage Account
Inform us if your investment objectives, as defined in the Expanded Disclosures, change.

HOLDINGS
This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Your actual investment return
may differ from the unrealized gain/(loss) displayed. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax
basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for holdings that have a defined
maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current Yield is an estimate for informational purposes only. It
reflects the income generated by an investment, and is calculated by dividing the total estimated annual income by the current market value of the entire position. It does not reflect changes in its price.
Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income
and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period
and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect
historic rates within the accrual period. For more information on how we price securities, go to www.morganstanley.com/wealth/disclosures/disclosures.asp.

SAVINGS AND TIME DEPOSITS

USD Savings and Foreign Currency Deposits are eligible for FDIC insurance up to applicable USD equivalent limits. Deposits are not SIPC insured. For more information about FDIC insurance, visit www.fdic.gov.
Deposit and Withdrawal activity for Savings and Time Deposits holdings will appear in the CASH FLOW ACTIVITY BY DATE or in the PURCHASES, DIVIDENDS REINVESTMENTS, and SALES AND REDEMPTIONS
section of the statement.

USD SAVINGS AND TIME DEPOSITS

Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Excessive withdrawals from Savings Deposit accounts that are in excess of applicable limits within a given
month are subject to fees. All Savings Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, both FDIC members and affiliates of Morgan Stanley Smith
Barney LLC.
USD SAVINGS DEPOSITS
Description Value Est Ann Income APY %
MSBNA PREFERRED SAVINGS-QC $191,280.96 $9,564.00 5.00
Asset Class: Cash

Percentage Est Ann Income

of Holdings Value Accrued Interest
SAVINGS AND TIME DEPOSITS 100.00% $191,280.96 $9,564.00

Percentage Unrealized Est Ann Income Current

of Holdings Total Cost Market Value Gain/(Loss) Accrued Interest Yield %

TOTAL VALUE 100.00% — $191,280.96 N/A $9,564.00 5.00%

—

Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not
included.
CLIENT STATEMENT For the Period August 1-31, 2023 Page 6 of 6

Active Assets Account ANNEA MASSIMINO TTEE

Account Detail 129-220101-251 ANNEA MASSIMINO RLT U/A DTD

ALLOCATION OF ASSETS
Fixed Income & Structured
Cash Equities Preferred Securities Alternatives Investments Other
Savings and Time Deposits $191,280.96 — — — — —
TOTAL ALLOCATION OF ASSETS $191,280.96 — — — — —

ACTIVITY
CASH FLOW ACTIVITY BY DATE
Activity Settlement
Date Date Activity Type Description Comments Quantity Price Credits/(Debits)
8/31 Interest Income MSBNA PREFERRED SAVINGS-QC (Period 08/01-08/31) $790.99
CUSIP: 99YA776N5
8/31 8/31 Auto Bank Product Deposit MSBNA PREFERRED SAVINGS-QC (790.99)
NET CREDITS/(DEBITS) $0.00

MESSAGES
Senior Investor Helpline
For any inquiries or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534.