Advent is a Delaware limited liability company that was founded on June 29, 1995, as a division of Utendahl Capital Management L.P. Advent became independent on April 17, 2001, and registered with the SEC as an investment adviser on May 14, 2001. As of December 31, 2023, Advent managed approximately $8.65 billion in regulatory assets under management, all on a discretionary basis. Advent was founded by its President and Chief Investment Officer, Tracy V. Maitland, who remains the principal owner. Advent is a firm that values diversity, with more than 50% of the firm comprised of diverse employees. Advent invests primarily in convertible bonds, but its focus on capital structure research enables it to implement investment strategies that incorporate equities, preferred stock, high yield securities, corporate bonds, secured debt, collateralized loan obligations (“CLOs”) and other investments. Advent’s proficiency in investing across the entire capital structure is driven by the strength of its proprietary fundamental, bottom-up credit and equity research. Advent manages investment advisory accounts for clients that include high net worth individuals, individuals other than high net worth individuals, banking and thrift institutions, registered investment companies, pooled investment vehicles other than registered investment companies (“Private Funds”), pension and profit sharing plans, endowments, charitable organizations, state and municipal government entities (including government pension plans), insurance companies, sovereign wealth funds and foreign official institutions, other corporations and businesses, non-U.S. entities such as UCITS and SICAVs, and other U.S. and non-U.S. investors (each a “Client” and collectively the “Clients”). Advent’s investment advisory arrangements are further described in Item 7 of this Brochure. Advent will typically exercise investment discretion over Client accounts, including the type and amount of securities and other financial instruments purchased and sold for the Client. Advent’s investment advisory services are tailored to the individual needs of each Client as expressed in the written investment objectives, policies, limitations, risk constraints and other portfolio management guidelines (collectively, “investment guidelines”) that apply under the Client’s investment management agreement with Advent. Private Funds are not tailored to meet the individualized investment needs of any particular investor. An investment in a Private Fund does not create a client-adviser relationship between Advent and an underlying investor. Advent may invest Client assets in any type of company (each,

a “Portfolio Company”) or other issuer and in any combination of the following (and other) types of investments on a long or short basis in accordance with applicable investment guidelines: U.S. and non-U.S. securities; convertible securities; high yield and other debt securities; common stock; preferred stock; warrants; bank loans and loan participations; equity options; swaps; futures contracts and options on futures contracts; other derivatives; when-issued, delayed-delivery and forward-commitment transactions; restricted, illiquid and other private securities, CLOs; and special opportunity investments. Clients may impose restrictions on the types of instruments, as well as specific companies, in which their assets will be invested by Advent, and whether leverage should be employed. Advent is a UNPRI signatory and has a dedicated Environmental, Social and Governance (“ESG”) Committee that meets on a regular basis to further the firm’s commitment to ESG considerations. The ESG Committee works in conjunction with Advent’s research, trading and portfolio management personnel (collectively, the “Investment Team”) to implement the firm’s ESG philosophy into the investment process. As a responsible investor, Advent is not prohibited from investing in any specific sector or company unless a Client elects to incorporate specific ESG limitations in their investment guidelines. However, as fundamental research is at Advent’s core, Advent applies an objective set of criteria to evaluate the merits and efficacy of all investment strategies, including detailed credit analysis, which incorporates certain ESG criteria. Advent also acts as a subadviser in wrap fee programs. Advent’s portion of the fees paid by wrap program participants is negotiated between Advent and the sponsor of the wrap fee program and is paid to Advent directly by the sponsor. Advent will seek best execution of all fixed income securities transactions for wrap accounts using the same price discovery process it uses when transacting fixed income securities for other Clients. In some cases, however, wrap program sponsors prohibit Advent from executing transactions with the sponsor or its affiliates. Wrap program accounts may trade less frequently than Advent’s other Client accounts and therefore may not participate in certain aggregated orders in which other Advent Clients participate. This may result in wrap program transactions being executed at different prices and in different amounts than aggregated orders transacted for other Advent Clients. Advent manages long-only and alternative investment strategies. These strategies are described in Item 8 of this Brochure.