A. Firm and Principal Owners Heirloom Investment Management LLC (“HIM” or “the Advisor”) is a privately held investment advisor founded in 2015. It is a Delaware Limited Liability Corporation, and is owned by Heirloom Holdings, a Cayman Islands based holding company that also owns Heirloom Investment Management (Canada) Inc., Heirloom Management Services FZE, Heirloom Litigation Funding 2022 SPV XI (a principal investment company), and Heirloom Investment Fund SPC (a CIMA registered Fund). HIM owns 100% of the voting shares of Fidelis Investment Co, Ltd. and Heirloom Helicopter Leasing Pool 2020 LLC. Together these entities are known as the Heirloom group of companies. Heirloom Holdings is majority owned by Geoff Dover, HIM’s President and Chief Investment Officer. B. Advisory Services HIM is an investment adviser registered with the SEC under the Investment Advisers Act of 1940 (“Advisers Act”). One of the services that HIM provides is to advise individual clients, their family offices or their corporations or other holding entities on their investment portfolios. The terms of such advisory services, including any restrictions on investments in certain types of securities, are established by the firm, as modified through negotiations with clients, and as set forth in each client’s advisory or management agreement. Investment guidelines and restrictions are determined jointly by HIM and each client at the onset of the relationship and are reviewed on at least an annual basis. Clients can engage HIM to manage all, or a portion of, their assets on either an advisory or a discretionary basis. The primary focus of the Advisor’s advisory services is managing or advising on the whole portfolio of its clients. All of HIM’s advisory clients are “accredited investors” as defined under Rule 501 of the Securities Act of 1933, as amended and “qualified purchasers” as defined under Section 2(a)(51) of the Investment Company Act, as amended. As such, HIM recommends, or directs, its clients to invest

in all types of securities, including domestic and international equity securities, fixed income securities, pooled investment vehicles, managed accounts, private placements, real estate, currencies, direct loans, commodities, structured products and various derivative instruments. HIM tailors its advisory services to the individual needs of its clients and will only recommend or direct investments that are consistent with each client’s investment objectives and risk tolerances. The firm consults with clients initially and on an ongoing basis to determine risk tolerance, time horizon and other factors that may impact the clients’ investment needs. HIM ensures that clients’ investments are suitable for their investment needs, goals, objectives and risk tolerance. HIM is responsible for originating and recommending investment opportunities to clients, monitoring, evaluating and making recommendations regarding timing and manner of disposition of investments and other services as the clients may reasonably request. C. Comingled and Pooled Funds In addition to advising individual asset owners, HIM primary focus is as a discretionary manager to certain comingled vehicles and pooled funds (“Funds”). These vehicles provide access to either a diversified portfolio of investments or to a single investment or investment strategy. All of HIM’s advisory clients are “accredited investors” as defined under Rule 501 of the Securities Act of 1933, as amended and “qualified purchasers” as defined under Section 2(a)(51) of the Investment Company Act, as amended. D. Wrap Fee Programs HIM does not participate in wrap fee programs. E. Assets Under Management As of December 2022, HIM had US $117,388,000.00 in regulated assets under management managed on a discretionary basis in Funds and $209,000,000 in assets on which it advised pursuant to advisory services that do not qualify as regulated assets under management because HIM does not have discretion over the manner in which they are invested.