Bridger, a Delaware limited liability company, is a New York-based firm with an advisory business that is focused on investments, directly or indirectly, in, and the management of, U.S. residential mortgage loans (“Loans”), foreclosed real estate (“REO”), excess mortgage servicing rights related to Mortgage Loans (“Excess MSRs”), residential mortgage-backed securities (“RMBS”) and interests therein (collectively, “Mortgage Related Assets”), generally specializing in Non-Prime residential mortgage assets. Bridger was founded in 2021 by Peter Barkey who is a veteran mortgage professional with experience in pricing, due diligence, asset management, servicing oversight, and restructuring of distressed mortgage assets. Bridger is wholly owned by Bridger Investment Partners Holdings LLC (“Holdings”), a Delaware limited liability company. Holdings is owned 99% by Bridger Holdings 1 LLC (“Holdings 1”), a Delaware limited liability company, and 1% by Bridger Holdings 2 LLC (“Holdings 2”), a Delaware limited liability company. Holdings 1 and Holdings 2 are each wholly owned by Peter Barkey. Bridger provides investment management and advisory services, primarily focused on implementing Mortgage Related Asset strategies, to sophisticated institutional investment managers and their managed invested funds and other sophisticated financial institutions (“Clients”) through separately managed accounts (“SMAs”). The term “Clients” as used herein also includes any investment vehicle established by Bridger on behalf of one or more Clients for legal, tax, regulatory or other similar purposes, for which Bridger provides continuous and regular supervisory or management services, to acquire investments for Clients pursuant to one or more SMAs. Except with respect to certain Loan-level loss mitigation strategies, Bridger’s investment acquisition and disposition advisory services will be provided on a non-discretionary basis. Bridger engages in the purchase, holding and sale of residential mortgage loans in the secondary market on behalf of its Clients. Clients may hold the purchased loans or participations therein in their respective SMAs for investment purposes and, in some instances, may resell the loans or participations on a whole loan basis to other investors. Bridger does not engage in the business of making, funding, brokering or servicing of any mortgage loans, nor does it directly offer any financial products to consumers. Bridger does not directly charge fees to borrowers or directly communicate with borrowers. Rather, all servicing functions for the loans in Client portfolios will be performed by appropriately-licensed or exempt, unaffiliated third-party mortgage loan servicers. Bridger’s business will not target a specific geography. Bridger, on behalf of its Clients, may engage in the purchase, holding and sale of mortgage loans in any jurisdiction in which it is appropriately licensed to do so. Clients may purchase first- or subordinate-lien residential mortgage loans or participations therein with varying profiles, including those that are delinquent or in default. Bridger does not make, broker or service any loans. Accordingly, it does not charge fees to consumers or maintain a fee schedule in respect of such services. The management team at Bridger has extensive experience in the U.S. residential mortgage market and longstanding relationships with mortgage industry participants. Bridger possesses substantial analytical, due diligence, risk management (such as credit risk and counter party risk),

asset valuation and asset management capabilities to identify, acquire and manage Mortgage Related Asset investments. Bridger typically identifies mortgage loans available for sale from select relationships with originators, banks, broker-dealers, governmental and quasi- governmental agencies and other financial institutions, including Clients, as well as in certain circumstances, referral agents. Bridger analyzes and values such Mortgage Related Assets using various quantitative econometric variables and qualitative data internally generated and obtained from third parties. Bridger may negotiate the terms of each such investment transaction on behalf of its Clients as directed and requested by the Client. Each of Bridger’s Clients will determine the Mortgage Related Assets it will acquire and the price at, and the material terms under, which those assets will be acquired. Currently, Bridger does not have discretion to make investment decisions on behalf of its Clients. Its advisory services are limited to (a) sourcing and recommending Mortgage Related Assets for investment, (b) due diligence and asset value analysis, (c) services related to structuring an investment (in consultation with, as necessary or desirable as determined by Bridger, certain professional advisors), which may include the use of certain entities, vehicles or trusts (collectively, “Vehicles”) to acquire, hold and/or finance certain Mortgage Related Assets, on behalf of the Clients, and drafting and negotiating the related transaction documents, and (d) ongoing services, which may include the monitoring, management and valuation of certain Mortgage Related Assets, each as and to the extent requested and directed by the Client. Bridger provides additional services requested by Clients in connection with Mortgage Related Assets on a negotiated basis. Bridger may act as administrator of a Client or a Client Vehicle, and as such, may perform administrative corporate functions for such Client or Vehicle, including cash management and tax accounting services, and/or select and direct the loan servicer, the document custodian, the paying agent, the trustee and other agents for a Client or Client Vehicle and/or the Mortgage Related Assets. Upon request, Bridger will also assist Clients wanting to leverage their investment to obtain financing of such positions and may provide administrative services in connection with any financing arrangements. In providing asset management services, Bridger may make certain asset level decisions related to the Mortgage Related Assets. In performing such services, Bridger seeks to maximize return objectives on Mortgage Related Assets by leveraging its expertise in developing loss mitigation and asset resolution strategies and overseeing the servicer in its implementation of individual asset resolution plans to resolve Mortgage Related Assets through, among other things, modifications, payoffs, foreclosures, sales and refinancing. Bridger provides advisory services to its Clients in accordance with the investment objectives specified by each Client in its management agreement with Bridger and other written directives from the Client. Clients may impose restrictions on the type of Mortgage Related Assets in which it will invest and/or provide guidelines with respect to asset level mitigation or disposition strategies. As of April 30, 2023, Bridger managed approximately $518,733,052 of RAUM on a non- discretionary basis.