Altum was organized under the laws of the state of Delaware in 2011. Altum currently provides discretionary investment advisory services to private investment funds that are organized into one master-feeder structure (each feeder fund, a “Feeder Fund,” the master fund, the “Master Fund”, and collectively, the “Funds”). Each of the Feeder Funds trades substantially all of their assets via the Master Fund. Marjorie Hogan is the Managing Member and principal owner of Altum. Ms. Hogan is the portfolio manager of the Funds (the “Portfolio Manager”). Types of Advisory Services Altum currently provides fee-only discretionary investment management services to the following pooled trading vehicles:
• Altum Credit Fund, L.P., a Feeder Fund organized as a Delaware limited partnership;
• Altum Credit Fund, Ltd, a Feeder Fund organized as a Cayman Islands exempt company; and
• Altum Credit Master Fund, Ltd, a Master Fund, organized as a Cayman Islands exempt company. All trading portfolios are managed in accordance with the Fund’s confidential information memoranda and articles of association or limited partnership agreement, as applicable (“Offering Documents”). Each Fund’s investment objective is to maximize total return while preserving capital. Altum will seek to achieve each Fund’s investment objective through the strategy of investing in structured credit investments as well as through other strategies that Altum believes are complimentary to the structured credit strategies. The focus of the Funds’ strategy is in the structured credit markets, with a particular focus on collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other asset-backed securities, or such other structured credit products in which Funds may choose to invest from time to time. Each Master Fund will pursue the above investment objective by making investments through various entities that are advised by Altum or its affiliates (each, an “Acquisition Vehicle”) for the purpose of enhancing certain tax efficiencies. The Master Funds currently utilize multiple Acquisition Vehicles structured as Cayman segregated portfolio companies. In each case, the relevant master invests in one or more segregated portfolios of the relevant segregated portfolio company. The Acquisition Vehicles are held through an intermediary entity, Altum Credit Global Trading Ltd. Other investment vehicles may also invest through the Acquisition Vehicles. Notwithstanding the foregoing, the Funds and the Master Funds may also make investments directly and not through the Acquisition Vehicle(s). Altum

does not tailor its advisory services to the particular needs of its investors in the Feeder Funds (“Investors”). Information about each of the Feeder Funds is set forth in their respective Offering Documents. Altum has broad and flexible investment authority and discretion with respect to its private investment fund clients. Since Altum does not provide individualized advice to Investors, such Investors should consider whether the respective Feeder Fund(s) that they are invested in meet their investment objectives and risk tolerance prior to investing. Altum and the Feeder Funds have occasionally entered into agreements (sometimes referred to as "Side Letters") with certain prospective, initial or existing Investors whereby such Investors may be subject to terms and conditions that are more advantageous than those set forth in the Offering Documents. For example, such terms and conditions may provide for special rights to make future investments in a Feeder Fund, other investment vehicles; special redemption rights relating to frequency, notice, a reduction or rebate in fees or redemption fees to be paid by the Investors and/or other terms; rights to receive reports from the Funds, or from Altum on the Funds’ behalf, on a more frequent basis or that include information not provided to other Investors (including, without limitation, more detailed information regarding portfolio positions) and such other rights as may be negotiated by Altum, the Feeder Funds and such Investors. Altum also offers all Investors a reduction in fees for a three-year lock-up period. Certain investors have been, and may in the future, be offered a reduction in fees for a two-year lock-up period. The modifications are solely at the discretion of Altum and the Feeder Funds and may, among other things, be based on the size of the Investor’s investment in the Feeder Fund or affiliated investment entity, an agreement by an Investor to maintain such investment in the Feeder Fund for a significant period of time, or other similar commitment by an Investor to the Feeder Fund. Altum also provides discretionary investment management services to separate co- investment vehicle(s) (the “Co-Investment Vehicle”, and together with the Funds, the “Advisory Clients”). The purpose of this vehicle(s) is to invest in one of the portfolio investments of the entities described above. Altum does not currently participate in wrap fee programs. Assets under Management As of December 31, 2023, Altum had $744,024,608 of “Regulatory Assets under Management” (as defined by the instructions to Form ADV). All such assets are managed on a discretionary basis.