Domain Timber provides investment management services focusing primarily on timber, environmental, and ecological assets. Domain Timber was organized in 2016, and its principal office is located in Atlanta, Georgia. Domain Timber is wholly owned by Domain Timber Holdings, LLC. The majority owner of Domain Timber Holdings is Domain Capital Group, LLC, which also majority owns Domain Capital Advisors, LLC, another registered investment adviser. On May 30, 2017, Domain Timber acquired the assets of another registered investment adviser, including their general partner interest in several commingled funds and the investment management agreements for each fund. Domain Timber now serves as the manager of, and its affiliates serve as the general partners of, Domain Timber Investments III, LP, Domain Environmental Investments II, LP, and Domain Environmental Investments III, LP. Additionally, effective December 6, 2018, Domain Timber was approved by the Central Bank of Ireland to act as investment manager to the Domain Capital Group ICAV. Domain Timber also manages assets for a number of separately managed accounts. Domain Timber’s timberland-related investment strategy targets asset opportunities in the United States and combines forestry management practices with institutional quality asset management and reporting. Domain Timber’s environmental and ecological asset investment strategy is focused on real property or other natural resources that have intrinsic but unrealized environmental and/or ecological value due to hydrology, function, biodiversity, habitats, topography, location, historical use, restoration potential, or other similar characteristics. Examples include stream and/or wetland mitigation banks and endangered species habitat conservation banks. The type and scope of service Domain Timber provides may vary significantly based on the nature of the investment and particular instructions or mandate of the client. Domain Timber offers its services for separately managed accounts and sponsored commingled funds. In most cases, Domain Timber seeks to maximize value of client portfolios through capital appreciation, improved asset productivity, and cash flows from timber harvests and other available cash realization events. To achieve these objectives, Domain Timber outsources on-the-ground property management, timber harvesting operations, and other forestry related services to third parties, and these services are paid for by the client. When advising separately managed accounts, Domain Timber tailors its services to the needs of the client. Domain

Timber typically acquires and disposes of properties on a non-discretionary basis, but exercises discretion in managing the properties, such as timing and scope of harvests. Domain Timber will typically begin assessing an investment opportunity by analyzing the merits of the opportunity and providing due diligence and other reporting to the client on the opportunity. If the client decides to proceed with the investment, Domain Timber will negotiate the terms of the opportunity, engage professionals to form vehicles through which the client will acquire the investment, and handle other aspects of the initial investment. After the initial investment transaction, Domain Timber will provide ongoing management, monitoring and reporting on the investment. The client typically will retain authority to make further acquisition or disposition decisions, but Domain Timber may make recommendations with respect to such decisions. If the client decides to engage in such subsequent transactions, Domain Timber will typically negotiate directly or arrange for a broker or other appropriate third party to handle and execute such transaction. In connection with its management of separate accounts, Domain Timber receives compensation through management fees, performance-based fees, and acquisition and/or dispositions fees. When advising commingled funds, Domain Timber exercises discretion in deciding when to buy and sell properties and other assets and in evaluating how to manage the assets. Domain Timber will provide ongoing management, monitoring and reporting on the investments within the commingled funds and will engage necessary audit and other professionals as needed, all pursuant to the terms of the governing documents for the fund. In connection with its management of commingled funds, Domain Timber receives compensation through management fees, performance-based fees, and acquisition and/or dispositions fees. As of December 31, 2023, Domain Timber had approximately $443,442,290 of regulatory assets under management among its five commingled, closed-end funds. As of this date, Domain Timber also manages timberland investments in separate accounts totaling approximately $307,051,354 of assets, which are not included as regulatory assets under management because they do not meet the definition of securities portfolios. Altogether, Domain Timber managed assets valued at approximately $750,493,645 as of December 31, 2023. Domain Timber does not offer or participate in any wrap-fee programs. Clients may impose restrictions on investing in certain securities or types of securities or investments.