Pine River Capital Management L.P. (“we,” “us,” or “Pine River”) is a Delaware limited partnership that commenced operations on May 4, 2002. Pine River’s general partner is Pine River Capital Management LLC (“PRCM LLC”). Brian Taylor, Pine River’s founder and Chief Executive Officer, is the Managing Member, President and majority owner of Pine River Capital Management LLC. Pine River provides investment management services on a discretionary basis to private pooled investment vehicles established by Pine River (“Pine River Funds”). In addition, Pine River also provides management services to separately managed accounts (“Managed Accounts”). Pine River Funds. The Pine River Funds are private entities that have been formed by Pine River to provide a means by which qualified, sophisticated investors may pursue alternative investment strategies. For each such strategy, Pine River typically creates a master-feeder structure consisting of a master fund in the form of a Cayman Islands exempted company, and one or more feeder funds consisting of Cayman Islands exempted companies and Delaware limited partnerships or limited liability companies. The feeder funds invest substantially all of their capital into the related master fund. The master fund conducts the investment activities. A related entity of Pine River acts as the general partner of the onshore feeder funds. The Pine River Funds are managed according to the terms and investment objectives set forth in each entity’s governing documents. Pine River has sole discretion to manage the investment portfolios of the Pine River Funds,

and it does not tailor its advisory services to the individual needs of Investors in the Pine River Funds. Managed Accounts. The Managed Accounts may be private domestic or foreign accounts or entities to which Pine River provides investment advisory services subject to a subadvisory agreement whereby it has discretionary investment authority subject to investment guidelines and risk parameters set by the investment managers of these entities, and it may tailor its advisory services to the needs of the client which owns the account. The Pine River Funds and the Managed Accounts are referred to in this Brochure as “Funds” or “clients”. The individual investors in the Funds are referred to as “Investors”. Pine River’s advisory services to each Fund are subject to the specific investment objectives and restrictions set forth in the limited partnership agreement, confidential offering memorandum, investment management agreement, advisory agreement, subadvisory agreement, subscription materials and/or other governing documents (collectively, the “Account Documents”) applicable to such Fund. All discussions of the Funds in this Brochure are qualified in their entirety by reference to each Fund’s respective Account Documents, which contain complete information regarding the investment objectives, investment restrictions and other information with respect to such Fund. Pine River does not participate in any wrap fee programs. As of March 1, 2024, Pine River had approximately $606 million of net assets under management, all of which was managed on a discretionary basis.