Valley Forge Capital Management, LP (“Valley Forge” or the “Firm”), a Delaware limited partnership, formerly known as Valley Forge Advisors, LP, is the successor entity to Valley Forge Advisors, LLC. Valley Forge commenced operations as an investment manager in August 2009. Valley Forge’s principal place of business is in Miami, Florida. Listed below are the Firm’s principal owners (i.e., those individuals and/or entities controlling 25% or more of the Firm):
• Devang Kantesaria (through direct and indirect ownership)
• Devang V Kantesaria 2022 Family Trust Devang Kantesaria (the “Principal”) has ultimate voting control of the Firm. Valley Forge is an investment management firm that provides advisory services on a discretionary basis to privately offered pooled investment vehicles (referred to herein as “Clients”), which are intended for investment by certain sophisticated investors, including those that are accredited investors under Rule 501 of Regulation D of the Securities Act of 1933, as amended. Valley Forge is the adviser to Valley Forge Capital, LP, a Delaware limited partnership (the “VF Fund”). Valley Forge Management, LLC, a Delaware limited liability company, is the general partner of Valley Forge Capital, LP (“General Partner”). Valley Forge also provides investment advisory services as the sub-advisor to a privately offered pooled investment vehicle (the “Sub-Advised Fund” and together with the VF Fund, the “Funds” and each a “Fund”) sponsored by a large financial services institution (the “Institution”) pursuant to a sub-advisory arrangement entered into with the institution. The offering and administration of the Sub-Advised Fund is conducted by the Institution. Each of the VF Fund and the Sub-Advised Fund are offered and operated as to comply with the exemptions from registration under Sections 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940, as amended. The investment

objective that Valley Forge pursues on behalf of the Funds is to achieve long-term capital appreciation while seeking to minimize the risk of loss and, in some cases, to outperform the S&P 500 Index over a multi-year timeframe. Valley Forge pursues this investment objective by selecting companies that the Firm believes are trading at a large discount (in the case of long equity positions) or premiums (in the case of short equity positions) to their intrinsic value. To achieve this objective, Valley Forge invests in both long and short positions consisting primarily, but not solely, of equities and equity- related instruments including options and warrants, subject to any restrictions imposed by the Funds, where applicable. As discussed in the Funds’ offering documents, Valley Forge may also invest in other types of securities and may engage in other investment strategies so long as doing so does not interfere with achieving the stated and agreed upon investment objectives. Valley Forge does not limit its investment advice to only certain types of investments. The Firm’s advisory services are provided to the Funds pursuant to the terms of the relevant offering documents and based on the specific investment objectives and strategies as disclosed in the offering documents. The advisory services that Valley Forge provides are tailored to meet the specified investment objectives and strategies as set forth in the Funds’ offering documents. The Funds may impose restrictions on investing in certain types of securities in accordance with achieving their investment objectives and strategies. Not applicable. Valley Forge does not participate in a wrap fee program. As of December 31, 2023, Valley Forge manages approximately $3,605,729,027 in regulatory assets under management on a fully discretionary basis, as described in the relevant offering documents. Valley Forge does not manage any assets on a non-discretionary basis.