Hound Partners, LLC (“Hound”, “we” or the “Adviser”) is an investment management firm founded in October 2004 by Jonathan Auerbach. Hound is wholly owned by Hound Partners Management, LP, which is controlled by Mr. Auerbach. Mr. Auerbach is the portfolio manager of Hound and also serves as a research analyst. Hound’s advisory services are focused on managing long and short portfolios primarily in equity and equity-related instruments. For a further description of the Adviser’s investment objectives, strategies and associated risks please see Item 8, Method of Analysis, Investment Strategies and Risk of Loss. Private Funds Hound serves as the investment manager to six private funds (each a “Fund” and collectively, the “Funds”), which are managed according to specific investment objectives and strategies as discussed in each Fund’s Confidential Private Offering Memorandum or Confidential Explanatory Memorandum (each an “Offering Document”). Three of the private funds employ a long/short strategy (“Long/Short Funds”) and together form a single master feeder structure. Three of the private funds employ a short biased strategy with varying levels of market hedges (“Variable Beta Funds”) and together form a single master feeder structure. Hound’s private funds are as follows: Long / Short Funds Hound Partners Offshore Fund, LP Master Fund Launched Aug 1, 2005 Offshore 3(c)(7) Cayman Islands Dec 31 Year End Hound Partners, LP Feeder Fund Launched Oct 1, 2004 Domestic 3(c)(7) Delaware Dec 31 Year End Hound Partners Offshore Fund, Ltd. Feeder Fund Launched Aug 1, 2005 Offshore 3(c)(7) Cayman Islands Dec 31 Year End Variable Beta Funds Hound Partners Variable Beta Master, LP Master Fund Launched Oct 1, 2020 Offshore 3(c)(7) Cayman Islands Dec 31 Year End Hound Partners Variable Beta Fund, LP Feeder Fund Launched Oct 1, 2020 Domestic

3(c)(7) Delaware Dec 31 Year End Hound Partners Variable Beta Fund, Ltd. Feeder Fund Launched Oct 1, 2020 Offshore 3(c)(7) Cayman Islands Dec 31 Year End Separately Managed Accounts Hound is an investment adviser to two separately managed accounts (collectively the “SMAs”) that are managed according to investment advisory agreements. Each SMA is a Private Fund and pooled investment vehicle not required to register with the SEC or any state, and Hound is one of numerous investment advisers selected by the entity to manage a portion of its assets on a discretionary basis. Both SMAs have similar terms to and generally invest pari passu to the extent practicable with the Long/Short Funds. The Funds and the SMAs together are Hound’s advisory clients (“Clients”). Hound does not tailor its advisory services to the individual needs of the underlying investors and does not accept investor imposed investment restrictions. As of December 31, 2023, Hound managed approximately $2,161,149,714 of Client assets on a discretionary basis which is all attributable to the Funds and SMAs. Hound’s Regulatory AUM in our Form ADV Part 1A Item 5.F differs from the Adviser’s total AUM noted in this Item because, among other small calculation differences, the Regulatory AUM does not deduct short equity positions from the long equity positions in valuing the Clients’ assets. Hound does not manage assets on a non- discretionary basis. Hound and an affiliate of Hound, Hound Performance, LLC (the “General Partner”) that is general partner to certain Funds, have filed a Claim of Exemption (the “Exemption”) from registration as a Commodity Pool Operator with the United States Commodity Futures Trading Commission. The Exemption requires that at all times advisory clients either (1) have no more than 5% of assets used to establish commodity interest positions or (2) the notional value of commodity interest positions does not exceed 100% of each advisory clients’ liquidation value.