Ray Braun

Mr. Braun was a managing partner at Ludvigson Braun & Co., a CPA firm in Valley City, ND since 1972, which has provided a variety of accounting and financial services including tax preparation and audits. For the last nine years he has been servicing in an advisory capacity. Mr. Braun was born and raised in Strasburg, ND and attended Dakota Business College and the University of North Dakota. He has been actively involved in the community over the years, serving in various official capacities. He is presently a director of Tri-W-G, Inc., Dakota REIT, Valley City State University Foundation, Sheyenne Valley Community Foundation and has various real estate interests in North Dakota. 


This is neither an offer to sell nor a solicitation of an offer to buy securities. This literature/information must be read in conjunction with the prospectus in order to fully understand all of the risks of the offering to which it relates. Please read the prospectus in its entirety before investing for complete information about the trust and risks associated with the offering. A state or federal securities regulator has not approved or disapproved the securities or determined if the prospectus is truthful or complete and has not passed upon the merits of the offering. Any representation to the contrary is unlawful.