INVESTOR STATEMENT

For the period: 01/01/2024 - 12/31/2024

Colorado BondShares
1200 17th Street Suite 850
Denver, CO 80202-5808
Investment Rep: RANDALL MOORE/ZACHARY
Broker/Dealer: PARKLAND SECURITIES LLC
1425 N UNION BLVD
COLORADO SPGS, CO 80909-2871
0001348-0002705 PDFE 001 731259
FTATADTFAFADADDDADATDADDDFTTTFFATDFTDAFTAAATDAFFDFTTDDAATDTFFADFF
TERRY J FRIEND ACCOUNT OWNER(S)
SUBJECT TO TOD RULES TERRY J FRIEND
510 N 19TH ST LOT 41 SUBJECT TO TOD RULES
CANON CITY, CO 81212-2467 510 N 19TH ST LOT 41
CANON CITY, CO 81212-2467

Thank you for investing in Colorado BondShares - A Tax Exempt Fund. If you have any questions regarding your account, please call Investor
Services at 303-572-6990.

Yield Information
Date Fund SEC 30-Day Yield

12/31/2024 COLORADO BONDSHARES ("HICOX") 10.07%

Account Transactions
Trade Date Transaction Description Dollar Amount Share Price Shares Total Shares Owned

Account Number: 12819

COLORADO BONDSHARES ("HICOX")

01/01/2024 Beginning Balance $20,107.60 $8.778 2,290.681

01/16/2024 Accrual Income Div Reinvestment $97.35 $8.802 11.060 2,301.741

02/15/2024 Accrual Income Div Reinvestment $85.87 $8.768 9.794 2,311.535
03/15/2024 Accrual Income Div Reinvestment $78.91 $8.853 8.913 2,320.448
04/15/2024 Accrual Income Div Reinvestment $85.76 $8.760 9.790 2,330.238
05/15/2024 Accrual Income Div Reinvestment $86.16 $8.828 9.760 2,339.998
06/17/2024 Accrual Income Div Reinvestment $93.82 $8.875 10.571 2,350.569
07/15/2024 Accrual Income Div Reinvestment $82.63 $8.899 9.285 2,359.854
08/15/2024 Accrual Income Div Reinvestment $89.81 $8.954 10.030 2,369.884
09/16/2024 Accrual Income Div Reinvestment $93.44 $9.006 10.375 2,380.259
10/15/2024 Accrual Income Div Reinvestment $83.27 $9.000 9.252 2,389.511
11/15/2024 Accrual Income Div Reinvestment $89.56 $9.010 9.940 2,399.451

Colorado BondShares - A Tax Exempt Fund

www.coloradobondshares.com
(303) 572-6990 (8am - 4pm MST)
Distributor: Colorado Financial Service Corporation
 INVESTOR STATEMENT
For the period: 01/01/2024 - 12/31/2024
Colorado BondShares
1200 17th Street Suite 850
Denver, CO 80202-5808

Account Transactions (continued)

Trade Date Transaction Description Dollar Amount Share Price Shares Total Shares Owned

12/16/2024 Income Dividend Reinvestment $7.11 $9.000 0.790 2,400.241

12/16/2024 Accrual Income Div Reinvestment $174.78 $9.000 19.420 2,419.661
12/31/2024 Ending Balance $21,648.71 $8.947 2,419.661

Account Earnings Summary

YTD Tax Exempt YTD Capital YTD Total Dividends &
Fund Name
Dividends Gains Capital Gains
Account Number: 12819

COLORADO BONDSHARES ("HICOX") $1,148.47 $0.00 $1,148.47

Invest by Mail Colorado BondShares

Fund CUSIP Account Owner(s) To make a purchase for this account, make a check payable to "Colorado BondShares -
196332100 TERRY J FRIEND A Tax Exempt Fund" and send it in an envelope to the address detailed below:
SUBJECT TO TOD RULES
Fund Ticker 510 N 19TH ST LOT 41 Colorado BondShares - A Tax Exempt Fund
HICOX CANON CITY, CO 1200 17th Street Suite 850
Denver, CO 80202-5808
81212-2467
Account Number
12819 Please note the amount of the purchase below:

Colorado BondShares - A Tax Exempt Fund

www.coloradobondshares.com
(303) 572-6990 (8am - 4pm MST)
0001348-0002706 Distributor: Colorado Financial Service Corporation