NOTICE OF CHANGE TO INVESTMENT POLICY STATEMENT

NOTICE REGARDING PROPOSED AMENDMENTS

TO INVESTMENT POLICY

Date June 8, 2026

Ladies and Gentlemen:

            On June 12, 2015, the Circuit Court for Dane County Wisconsin, in Case Nos. 12-CX-44 and 12-CX-44, approved the Trust Agreement/Plan of Liquidation (the “Trust Agreement”) of the WFT Liquidating Trust, formerly known as the Wisconsin Funeral Trust (the “Trust”). The Trust Agreement went into effect on July 1, 2015. The Trust Agreement was amended in 2015 and 2025.

            At the time of the approval of the Trust Agreement, the Court approved the Trust’s Investment Policy.

The Board of Directors of the Trust has proposed amendments to the Trust’s Investment Policy. The amendments are marked on the attached document. At a meeting on May 19, 2026, the Board of Directors approved the amendments.

The amendments are designed to both update the benchmarks by which the Trust gauges performance of its investments and to diversify the portion of the Trust’s investments in the equities market. The Board of Directors believes the amendments reflect changes in the equities markets and that the amendments continue the prudent investment strategy the Trust has engaged in since the Investment Policy was originally adopted. The amendments do not increase the proportion of the investments in the equities market or allow for riskier investments.

This notice is required pursuant to Section 14.2 of the Trust Agreement. Pursuant to the Trust Agreement, this notice is being sent by facsimile to the Wisconsin Department of Financial Institutions (the “WDFI”) (608-264-7979) and by email to the email address for each Beneficiary Funeral Home in the records of the Trust. It is also posted on the Trust’s website.

Any party in interest, including the WDFI or any Beneficiary Funeral Home, may within 20 days of the effective date of this notice object to the proposed changes by petition to the Court as described in the Trust Agreement. The proposed amendments shall be deemed approved provided no petition objecting to the amendments is timely filed with the Court.

            Please direct questions regarding the Trust to the Trust’s administrator, Fiduciary Partners, Inc.

Fiduciary Partners, Inc.

Attention: WFT

3913 West Prospect Avenue, Suite 201

Appleton, Wisconsin 54914

Toll Free: 866-380-9969

Fax: 920-380-9961

Email: WFT@fiduciarypartners.com