Kayne Anderson Capital Advisors, L.P. (“Kayne” or the “Firm”) has engaged in the investment advisory business since its inception in 1984, during which time it has been registered as an investment adviser with the SEC. Kayne is owned by its employees. The interests in the Firm are owned by approximately 47 limited partners, including current executives, portfolio managers and other Kayne personnel. As of February 29, 2024, Kayne’s Assets Under Management (“AUM”) is approximately $30.0 billion. AUM is calculated on the market value of the securities portfolios for which Kayne provides continuous and regular supervisory or management services. Kayne engages in alternative investing primarily through private pooled vehicles (except as described below), and to a lesser extent separate accounts and sub-advisory relationships. Kayne focuses on generating returns across a variety of strategies, which include investing in (1) energy infrastructure marketable securities, (2) private equity upstream oil and gas companies and opportunistic investing in long-life, low-risk onshore oil and gas assets, (3) middle market direct lending, liquid credit and specialized real estate debt, (4) alternative real estate sectors (primarily focused on medical office, off-campus student housing/multifamily, high-end seniors housing, and self- storage), and (5) lower middle market private growth stage enterprise software and technology-enabled companies across North America. Kayne manages assets for institutional investors, family offices, high-net-worth and retail clients and employs approximately 301 employees in six offices across the United States. Kayne has three affiliated investment adviser subsidiaries that are each separately registered with the SEC. More detail on each of these advisers can be found in Item 10. Kayne Anderson Real Estate (“KA Real Estate”), the real estate investment platform of Kayne, has a strategic partnership with AIMS Petershill, an investment fund managed by Goldman Sachs Asset Management. AIMS Petershill has a strategic, passive minority investment in KA Real Estate which it initially made in 2020. KA Real Estate continues to maintain control of the business with no changes to management. Kayne Anderson Private Credit (“KAPC”), the middle-market private credit investment platform of Kayne, entered into a strategic partnership in 4Q23 with Bonaccord Capital Partners, a private equity platform that acquires non- control equity interests in leading private markets investment firms. Bonaccord Capital Partners’ strategic, minority investment in KAPC is passive. KAPC will continue to maintain control of the business with no changes to management. Privately Offered Pooled Investment Vehicles Kayne serves as investment adviser to privately offered pooled investment vehicles formed as limited partnerships or limited liability companies (where Kayne or a controlled subsidiary is the general partner or manager), or offshore corporations. Kayne’s pooled investment vehicles are available only to investors who are “accredited investors” under the Securities Act of 1933, as amended (the “1933 Act”), and “qualified clients” under the Investment Advisers Act of 1940 (“Advisers Act”), as amended. In most cases, investors must also be “qualified purchasers” under the Investment Company Act of 1940 (“1940 Act”), as amended. These pooled investment vehicles are not made available to the general public and are not registered investment companies. Kayne’s private pooled investment vehicles are managed by Kayne (or a controlled subsidiary) in its sole discretion. Kayne’s private pooled investment vehicles include: (i) redeemable funds, where capital contributions and withdrawals are permitted at stated intervals (generally monthly or quarterly) at then-current net asset values, and (ii) closed-end funds, where each limited partner makes an up-front commitment to contribute a stated amount of capital as it is called by Kayne (or a controlled subsidiary) for investment, and generally may not withdraw capital prior to the end of the stated multi-year term of the fund. Redeemable Funds Our redeemable funds consist of several strategies, including energy infrastructure and real estate. As of February 2024, our active redeemable funds include: Energy Infrastructure The majority of Kayne’s redeemable funds invest in traditional energy infrastructure companies, renewable infrastructure & energy transition companies. Certain of these funds are intended to operate without the use of sustained leverage, while others may obtain leverage through prime brokerage financing. These funds invest primarily in equities, debt (high yield bonds and bank loans), or a blend of the two, and incorporate a variety of strategies including long-only and hedging strategies. The funds that employ hedging do so to protect against company, market, foreign currency, and interest rate risk by utilizing direct issuer shorts, U.S. Treasury and ETF shorts, options, index ETFs, total return and credit default swaps, and foreign currency forwards. Core Real Estate Kayne Anderson Core Real Estate, L.P. (“KACORE”) targets primarily stabilized investments in four alternative real estate sectors: medical office buildings, high-end private-pay seniors housing properties, amenity-rich student housing properties near campus, and self-storage. Attainable Housing Kayne Anderson Multifamily Fund (“KAMF”) focuses on acquiring, renovating, and developing multifamily housing that promotes housing attainability for middle-market renters, social impact, and environmental sustainability. Commercial Real Estate Debt

Kayne Commercial Real Estate Debt, L.P. (“KCRED”) invests primarily in Freddie Mac structured products and direct loan originations secured by assets in Kayne Anderson Real Estate’s sectors of expertise (multifamily, student and seniors housing, medical office, and self-storage), with flexibility to selectively invest in non-agency CMBS. Generally speaking, limited partners in Kayne’s redeemable funds may invest or withdraw (entirely or partially) on either a monthly or quarterly basis. Withdrawing partners must provide Kayne with proper advance written notice, which may be anywhere from 10 to 45 days depending on the fund. Certain newer redeemable funds may have initial lock-up periods, during which limited partners are not permitted to withdraw any portion of their investment. After the initial lock-up period expires, redemptions are permitted at the intervals described in applicable fund governing documents. Closed-End Funds Kayne’s closed-end funds are single-strategy funds engaged in making private investments in (1) private oil and gas companies; (2) the equity or debt of medical office, high-end seniors housing, off-campus student housing/multifamily, self-storage and other specialized real estate assets; (3) private lending to middle-market companies; and (4) growth equity investments in lower middle market companies. These funds are designed to provide capital to enable portfolio companies to fund strategic opportunities for internal or external growth and thereby build value for fund holdings, or in the case of real estate investments, to acquire and improve such assets. As of February 2024, our active Closed-End Funds include: Energy Private Equity Kayne’s energy private equity strategies focus on acquiring large-scale, producing oil and gas assets with low production decline rates and select, high-confidence development inventory. The funds seek to generate equity returns by partnering with experienced, talented management teams driven to build profitable, cash-flowing businesses in the North American energy space. Opportunistic Real Estate Kayne’s opportunistic real estate equity funds invest in alternative real estate asset classes that exhibit favorable demographic patterns, supply-demand imbalances, fragmented ownership, and stable historical growth. These asset classes include medical office, seniors housing, student housing and multifamily. Our funds seek to build a portfolio of real estate investments producing solid, steady cashflow growth, with strong potential for upside value creation. Kayne’s real estate debt strategy invests in commercial real estate debt and securities in targeted sectors including medical office, seniors housing, multifamily/student housing, and self-storage. The debt team invests primarily in Freddie Mac structured products and direct loan originations, with flexibility to selectively invest in non-agency CMBS. Private Credit Kayne’s private credit platform leverages a credit-intensive model across a range of industries in North America, targeting senior loans in traditional middle market companies with strong, sustainable cash flows. Investment structures include senior secured loans, equity co-invest, and unitranche facilities. Growth Equity The growth equity strategy partners with experienced and motivated entrepreneurs that have strong conviction in their businesses and have built companies with clear competitive advantages, shown an efficient use of capital, and share attractive investment characteristics. These investments are focused on enterprise software and technology-enabled companies in North America in the lower-middle market. Investments in the closed-end funds are permitted only at scheduled fund closings. As portfolio holdings are sold in a closed-end fund, the proceeds realized (as well as cash interest and dividends received) are generally distributed to limited partners. However, limited partners in these funds generally may not otherwise reduce or withdraw their investments until the fund’s maturity without the consent of Kayne (or a controlled subsidiary) in its capacity as general partner. Such consent, if given, may require that the withdrawing limited partner be penalized for such early withdrawal. Separate Accounts and Investment Companies In addition to managing the investment vehicles described above, Kayne serves as investment adviser or sub- advisor to separate accounts for institutional clients, registered investment companies, and mutual funds. Kayne may act in such a capacity under an investment advisory agreement or, in a limited number of instances, as the manager of a joint venture limited liability company or limited partnership. These accounts invest in the same strategies generally employed by one or more of Kayne’s pooled investment vehicles, but generally have modified investment guidelines that are tailored to the individual objectives of the client. Kayne does not participate directly in any wrap-fee programs. Customized Advisory Services A certain long-time client who is a sophisticated high-net worth investor has requested that Kayne provide certain investment advisory services. As a result, Kayne has engaged a former employee to serve in a consulting capacity and provide such services to this client. Kayne has not, and will not solicit such business and does not collect fees on such business. All fees earned are paid to such consultant or used to offset any expenses incurred by Kayne. Kayne does not in any way incentivize such consultant to promote Kayne-managed products. Kayne does not expect to enter into any new arrangements of a similar nature.