GCF is a Delaware limited liability company formed on November 6, 2003. Guggenheim Capital, LLC (“Guggenheim Capital”) is the sole owner of GCF through a series of holding companies, including Guggenheim Manager, Inc.; Guggenheim Partners, LLC (“Guggenheim Partners”); GI Holdco II LLC; GI Holdco LLC; GMI GPIMH, LLC; Guggenheim Partners Investment Management Holdings, LLC (“GPIMH”); and Guggenheim Funds Services, LLC. Sage Assets, Inc. holds a minority ownership interest in Guggenheim Capital, LLC. Consolidated Investment Services, Inc. owns SAGE Assets, Inc. Sammons Corporation owns Consolidated Investment Services, Inc. Sammons Enterprises, Inc. owns Sammons Corporation. Sammons Enterprises, Inc. Employee Stock Ownership Trust owns Sammons Enterprises, Inc. GreatBanc Trust Company is the Trustee for Sammons Enterprises, Inc. Employee Stock Ownership Trust. GCF provides investment advice, focused on Private Corporate Debt investments (as defined in “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss”), to a variety of institutional clients through separately managed accounts (“SMAs”) and unregistered pooled investment vehicles and expects to provide investment advice to unregistered funds in the future. GCF also provides investment advice, primarily focused on Private Corporate Debt investments, to Guggenheim Partners Investment Management, LLC (“GPIM”), an affiliate of GCF, pursuant to sub-advisory arrangements between GCF and GPIM. In connection with such arrangements, certain GCF personnel serve as senior advisers to one or more GPIM investment committees. In addition, in connection with such arrangements, GCF has entered into agreements with GPIM pursuant to which GCF personnel serve as portfolio managers with respect to certain GPIM client accounts (such GPIM client accounts for which GCF provides sub-advisory and/or portfolio management services, the “GPIM Accounts”), including unregistered funds (“GPIM Private Funds”). GCF has arrangements with GPIM, pursuant to which GPIM provides GCF with certain investment hedging, research and analysis, asset valuation, and related services with respect to Private Corporate Debt investments and - with respect to certain GCF clients

only – certain investment advisory, investment sourcing services for other fixed income securities and loans. Employees of both GCF and GPIM also provide certain additional services, such as trading and compliance, to both GCF and GPIM, and are subject to the supervision of both. This relationship between GCF and GPIM, presents certain conflicts of interest, including those described herein. GCF also provides investment advice, focused on Private Corporate Debt investments, to GPIM Private Fund clients (together with unregistered fund clients that GCF expects to provide investment advice in the future, “Private Funds”), and expects to provide similar services to a variety of other institutional clients and Private Funds in the future. A GCF SMA client generally selects a custodian for the SMA and is charged a periodic fee for management of assets and, in some cases, a performance or incentive fee or allocation of profits or gains generally subject to a benchmark or threshold agreed upon by the client and GCF. For SMAs, a client’s initial investment objectives are generally determined in consultation with the client. Investment guidelines and these objectives are memorialized by GCF and the client prior to implementation of a strategy. An SMA client may impose restrictions on GCF’s authority to invest in specific securities and types of securities, or to use leverage, for example. Investment guidelines are documented in a client’s investment management agreement (“IMA”) and may be updated with the client’s consent for reasons including a change in the client’s situation or needs or a change in relevant market conditions. GCF reviews these objectives, guidelines, and restrictions in the normal course of business, but no less frequently than annually. The description of GCF’s investment advisory clients above is a summary and not intended to be exhaustive. As of December 31, 2023, GCF managed approximately $2,702,427,907 of Regulatory Assets Under Management (“RAUM”) on a discretionary basis and $5,299,700,136 of RAUM on a non-discretionary basis.
GCF does not participate in any wrap fee program. GCF has filed an application for registration as a broker-dealer with the Financial Industry Regulatory Authority (“FINRA”).