A. PMH is a Delaware limited liability company formed in November 2006 for the purpose of serving as the managing member and investment adviser of Pembrook Community Investors LLC (“PCI Fund”), which began operations in March 2007. PMH is a wholly owned subsidiary of PCM. PCIM III is a Delaware limited liability company formed in July 2013 for the purpose of serving as the managing member and investment adviser for PCI Investors Fund III, LLC (“Fund III”). PCIM III also serves as the investment manager to PCI III Preferred Equity Issuer, LLC (“Fund III Preferred”), which is a wholly owned subsidiary of Fund III. PCIM III is a wholly owned subsidiary of PCM. PCIM IV is a Delaware limited liability company formed in July 2018, and commenced operations in 2018, for the purpose of serving as the managing member and investment adviser for PCI Investors Fund IV, LLC (“Fund IV”). PCIM IV also serves as the investment manager to PCI IV Preferred Equity Issuer, LLC (“Fund IV Preferred”), which is a wholly owned subsidiary of Fund IV. PCIM III is a wholly owned subsidiary of PCM. PCM is a limited liability company founded in 2006 by Stuart J. Boesky and is 100% owned directly or indirectly by Mr. Boesky. Pembrook Community Investors I (REIT) LLC (the “REIT Fund”), a Delaware limited liability company, was formed in April 2018 and began operations in January 2019 with the sole purpose of investing all of its assets in PCI. Pembrook Community Investors I (REIT) LLC is managed by a board of directors consisting of members who are also officers of PCM. B. Pembrook currently provides discretionary investment advisory services to seven domestic pooled investment vehicles: PCI Fund, Fund III, Fund III Preferred, Fund IV, Fund IV Preferred and REIT Fund (collectively the “Funds”). Pembrook primarily provides investment advice regarding commercial real

estate debt and structured financial products and, to a lesser extent, preferred equity structured as debt instruments throughout the United States. The investment strategy for the Funds will focus on investments in first mortgages, mezzanine loans and preferred interests secured by transitional commercial real estate assets in primary and secondary markets. An important part of the Funds’ strategy is to include in their investments certain real estate debt and, to a lesser extent, preferred equity, associated with underserved property types and markets that benefit from regulatory advantages, such as low and moderate income housing and commercial, retail and other property types in low and moderate income areas. This may present certain regulatory advantages for the Funds’ investors that are subject to requirements of the Community Reinvestment Act of 1977 (the “CRA”). The Funds’ property types are primarily multifamily, and to a lesser extent other commercial property types, and a portion of these investments could bring new capital to community development and generate for certain of the Funds’ investors positive consideration (“CRA Consideration”) under the CRA investment test (“CRA Investments”). The investment objective of the REIT Fund is to hold common interests (“Fund Common Interests”) in Fund I, whose investment objective is noted above. C. Pembrook’s investment management and advisory services are provided to the Funds pursuant to the terms of the Funds’ respective operating and services agreements and based on the specific investment objectives and strategies as disclosed therein. D. Pembrook does not participate in wrap fee programs. E. As of December 31, 2023, Pembrook managed approximately $534,794,605 in regulatory assets under management on a discretionary basis. Pembrook does not manage any assets on a non-discretionary basis.