A. Hunt Capital Management, founded in 2020, is an investment advisory services firm that provides non-discretionary portfolio management and advisory services to pooled investment vehicles, co- investment vehicles, joint ventures, special purpose vehicles, public and private corporations, partnerships, and other business entities (collectively, our “Clients”). The composition and types of our Clients varies from time to time. Hunt Capital Management is registered with the SEC as a “related adviser” under Rule 203A-2(b) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”), with Hunt Investment Management, LLC, a Delaware limited liability company and SEC-registered investment adviser (“HIM”). The principal owners of Hunt Capital Management are Woody L. Hunt and WGH Dynasty Trust, via their direct and indirect ownership of the following entities:
• Woody L. Hunt owns 14.73%, and WGH Dynasty Trust owns 58.92%, of Hunt Companies, Inc., a corporation organized and existing under the laws of the State of Delaware (“HCI”);
• HCI owns 100% of Hunt Company, LLC, a limited liability company organized and existing under the laws of the State of Nevada (“Hunt Co.”);
• Hunt Co. owns 98.82% of Hunt ELP, Ltd., a limited partnership organized and existing under the laws of Texas (“Hunt ELP”), and Woody L. Hunt owns an additional 1.05% of Hunt ELP, which together with his direct ownership of HCI, accounts for an aggregate indirect ownership of Hunt Capital Management of 15.60%; and
• Hunt ELP owns 100% of Hunt Capital Management. B. The advisory and management services we typically provide Clients include advice and services with respect to:
• the acquisition, management, disposition and financing of direct or indirect interests in project special purpose vehicles (“SPVs”) that own the fee simple title to real property which may be sold in whole or in part to development partners or third-party purchasers;
• performing diligence and underwriting for projects targeted by Clients and other Hunt Capital Management-managed vehicles;
• general management and administrative services and portfolio management services,

including managing day-to-day operations of Client entities;
• the evaluation and selection of investments;
• the valuation of assets;
• ongoing asset management; and
• the coordination and management of operations of any joint venture or co-investment interests. Our Clients generally specialize in investing in real estate debt assets, including bonds and other debt obligations that finance real estate investments, land banking projects and other forms of real estate securities. Our Clients’ investments may take the form of, or include, without limitation:
• the formation of joint ventures or co-investment arrangements with investors for investments in real estate equity or debt-related assets (including the acquisition of debt, preferred equity and equity interests in joint ventures);
• vacant and entitled land held for the eventual development and construction of single family or multifamily residences;
• the acquisition of project financing, mortgage loans, CRE securities, sub-performing loans, and other real estate backed indebtedness, or participation in, or ownership of, securities backed by such indebtedness; and
• recapitalizing performing assets, repositioning underperforming assets through active management and selective risk-mitigated capital investments. C. Hunt Capital Management serves as investment manager to the Clients. We tailor management and advisory services in accordance with and subject to the investment objectives and guidelines set forth by the Client, including, where applicable as set forth, or disclosed in the Client’s governing or offering documents, limited liability company agreement, investment management agreement, or similar organizational document or advisory agreement (“Account Documents”). As such, with respect to our Clients, we generally tailor our advisory services to the particular needs of each Client. D. We do not participate in any wrap fee programs. E. As of December 31, 2023, (i) we do not manage investments that are considered regulatory assets under management; (ii) real assets under management are $129,129,634, all of which are non- discretionary.