September 22, 2022

Dear Investors,

We’re all dealing with a new environment as the Federal Reserve continues to raise interest rates to combat inflation.  The Casco Financial Team has done a thorough review of our current portfolio and we remain confident that our portfolio is strong.  We have been diligent in our underwriting and collection practices.  Also, we have been talking to several of the local banks and they’re internally focused on their portfolios, which means they’re not doing much new business.  Hence, we’re getting lots of new opportunities and we’re circling several loans.  We just wanted to inform you that we will be sending out trust deed offerings as soon as we complete due diligence.  We appreciate your continued patience and support.

Thank you,