a) Background Muzinich & Co., Inc. (“Muzinich” or the “Firm”) is a Delaware corporation established on July 21, 1988. Muzinich is a global institutional asset manager specializing in corporate credit investment portfolios and other credit-based investment strategies and is an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. The Firm has been offering investment advisory services since 1988. George M. Muzinich is the Firm’s founder, Executive Chairman and is the principal owner of the Firm. As used herein, the term “Muzinich Group” means, collectively, Muzinich and its affiliates, as outlined in Item 10 – Other Financial Industry Activities and Affiliates. b) Advisory Services Muzinich provides discretionary investment advice and management to various onshore and offshore (i) investment funds (each a “Fund” and collectively, the “Funds”) and (ii) separately managed accounts (“Separate Accounts” and, together with the Funds, “Clients”), either directly or as a subadvisor. The Firm primarily advises on investments in corporate credit, predominately bonds and loans. The Firm offers a variety of credit-based investment strategies. See Item 8; - Methods of Analysis, Investment Strategies and Risk of Loss for a brief discussion of the Firm’s strategies. The Firm pursues each Client’s investment objectives by investing generally in high yield credit instruments, short duration credit instruments, syndicated loans, investment grade corporate debt instruments, private debt, other credit based instruments and/or income focused equities such as those issued by business development companies and real estate investment trusts (REITs). Muzinich also , for certain Clients, uses currency forwards and derivative instruments, exchange-traded funds or other funds or indices, primarily for hedging and efficient portfolio management purposes but, depending on the Client and the strategy, also to gain exposure to certain types of instruments or to seek to take advantage of dynamics in the market. . Muzinich applies a research-intensive approach to investing in debt issued by corporate borrowers. The Firm applies fundamental financial and qualitative analysis to uncover

opportunities to provide its Clients with yield and potential capital appreciation in a risk-aware framework. Some of the company factors the Firm evaluates include industry dynamics, company strengths and weaknesses, free cashflow generation, debt load, asset coverage, governance quality and skill, transparency of disclosure, regulatory constraints, outstanding controversies, and the quality of covenants and other protections offered investors. Muzinich enters into arrangements with certain investors that grant such investors special or more favorable rights than are available to all investors. Such special or more favorable rights could include, but are not limited to (i) different fee arrangements; (ii) additional reporting and/or greater access to certain information; and (iii) opportunities to meet or speak with Muzinich’s investment team. c) Tailored Advice and Client-Imposed Restrictions Each investment strategy can, in most cases, be tailored to meet a Client’s specific investment objectives, risk guidelines, and legal constraints. For Funds, the Firm manages each Fund’s assets in accordance with such Fund’s relevant Governing Documents, which contain more detailed information, including a description of the investment objectives and strategy or strategies employed and related restrictions. Prospective clients and investors in Funds must consider whether a particular Separate Account relationship or Fund, as applicable, is appropriate to their own circumstances based on all relevant factors including, but not limited to, the Client’s or investor’s own investment objectives, liquidity requirements, tax situation and risk tolerance. Prospective clients and investors are strongly encouraged to undertake appropriate due diligence, including but not limited to, a review of relevant Governing Documents and the additional details about Muzinich’s investment strategies, methods of analysis, and related risks in Item 8 - Methods of Analysis, Investment Strategies, and Risk of Loss, before making an investment decision. d) Wrap Fee Disclosure Not applicable. e) Assets Under Management As of December 31, 2023, the Firm had approximately $28.1 billion in discretionary regulatory assets under management.