JBIM is a Delaware limited liability company, established on June 30, 2005, with its principal place of business in Phoenixville, Pennsylvania. JBIM is wholly owned by Brian Riley. JBIM serves as investment manager to privately offered pooled investment vehicles in a master-feeder structure wherein the feeder funds (each a “Feeder Fund” or “Feeder”) place substantially all their assets in the master fund (each a “Master Fund” or “Master”) and the investment program is conducted at the Master Fund level (the Master Fund and Feeder Fund will be referred to herein collectively as a “Fund” or “Funds”). Each Master Fund is exempt from registration as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”), in reliance upon one or more exclusions or exemptions thereunder. Each Master Fund is typically structured as a limited partnership and is governed by a general partner (each a “General Partner”). Each General Partner is an affiliate of JBIM and is controlled by Brian Riley. Feeder Funds are typically incorporated as Exempt Companies with limited liability under the Cayman Islands Companies Law (as revised) and are governed by a Board of Directors (the “Directors”). Each Feeder Fund will invest substantially all its assets in its respective Master Fund and participate as a limited partner of the Master Fund. Moreover, investors subscribing for interests (hereinafter “Subscribers”) in a Master Fund or Feeder Fund are not Clients of the Manager; rather, the Master Fund and Feeder Fund are “Clients” of the Manager. Capitalized

terms not defined herein may be found in the relevant Fund’s Offering Documents. JBIM provides investment advisory services or portfolio management services to the Funds based on the particular investment objectives and strategies described in the relevant Fund’s confidential private offering (or placement) memorandum (“PPM”), limited partnership agreement (“LPA”) and, with respect to the Feeder Funds, the Memorandum of Association and Articles of Association (the “Mems and Arts”; together with the PPM and LPA, the “Offering Documents”). Subscribers directly invested in Master Funds, together with corresponding Feeder Funds, make up the limited partners of the Funds (“Limited Partners”). Each Fund’s investment objective seeks to take advantage of compelling opportunities arising from the process of Structural Change. Funds intend to take a limited number of concentrated, high-conviction positions, primarily investing in public debt and equity securities, although they may also make investments in privately held companies or structure Private Investments in public companies. JBIM’s investment management and advisory services to the Funds are provided pursuant to the terms of the Offering Documents and Subscribers to the Funds cannot obtain services tailored to their individual specific needs. JBIM does not participate in a wrap fee program. As of December 31, 2022, JBIM manages approximately $824,491,000 in Client (Fund) assets on a discretionary basis. JBIM does not manage any Subscriber’s assets on a non-discretionary basis.