To Participants of the Annuity Fund,

The Board of Trustees of the Northeast Carpenters Annuity Fund are pleased to announce that the reconciliation of earnings and contributions for the year ended December 31, 2017 has been completed. At the Board of Trustees meeting held on February 21, 2018, the Trustees approved a rate of return of 12.3% for 2017. Accordingly, your account balances will be credited and details of your accounts will be available on the Fund's website at shortly. In March 2018, an individual statement detailing contributions, benefits, and earnings for the year ended December 31, 2017 will be mailed to all participants.