Advisory Business American Money Management Corporation (“AMMC”) is an investment adviser based in Cincinnati, Ohio. AMMC was formed in 1973 as a corporation organized under the laws of the State of Ohio. AMMC is a direct wholly-owned subsidiary of American Financial Group, Inc. (“AFG”), an Ohio corporation and holding company that, through the operations of Great American Insurance Group, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. AMMC provides investment management services to AFG, its subsidiaries and certain third-party pooled investment vehicles that are organized as private funds. AMMC does not specialize in a particular type of advisory service or provide advice only with respect to limited types of investments. Instead, AMMC tailors its investment management solutions to the unique needs of its clients and is an active participant in both the public and private debt and, to a lesser extent, the equity capital markets as an investment manager. AMMC’s portfolios of managed assets may generally include, but are not limited to, cash, senior secured and unsecured bank loans, high yield debt securities, investment grade debt securities, asset- backed and mortgage-backed securities, real estate investments, private placements, mezzanine and subordinated investments, municipal bonds and equity securities. AMMC may also invest in pooled investment vehicles, market index securities and publicly traded investment companies (such as mutual funds and exchange traded funds (“ETFs”)). AMMC also engages in derivative transactions for subsidiaries of AFG in order to hedge interest rate and index risks for such subsidiaries. Such transactions may include, but are not limited to, interest rate swaps, call options and forward purchase contracts. AMMC provides discretionary investment management services to affiliated companies and non- affiliated private funds on an ongoing basis. With respect to affiliated companies’ portfolios, as of December 31, 2023, approximately 76% was invested in fixed maturity securities and cash and 23% was invested in equity securities and other investments.

Investment management services are provided by AMMC in a discretionary capacity pursuant to, for affiliated companies, an advisory agreement between each company and AMMC, and for non-affiliated private funds, a collateral management agreement. AMMC tailors its investment management services to the unique needs of each client and employs a disciplined investment process that assesses each client’s objectives, return expectations, risk tolerance and investment constraints based upon information provided by each client. AMMC manages the investments of AFG subsidiaries as a consolidated portfolio. Clients may impose restrictions on investing in certain securities or certain types of securities. Based on the client’s investment objectives and restrictions, AMMC determines the appropriate asset allocation for a client’s securities portfolio on an ongoing basis. Clients must notify AMMC should there be any changes to their financial circumstances, needs, objectives and/or tolerance for risk or other circumstances relevant to management of their account. In addition, the scope of advisory services provided to a client may be changed from time to time as AMMC and the client may agree or pursuant to the client’s written instructions. With respect to the non-affiliated private funds to which AMMC provides investment advice, AMMC has established a CLO Credit Committee. The CLO Credit Committee is responsible for making all material portfolio management decisions with respect to the non-affiliated private funds. AMMC is not required to maintain the CLO Credit Committee in its current form or in any form and may appoint any person to or remove any person from the CLO Credit Committee and may terminate the CLO Credit Committee at any time. AMMC does not participate in wrap fee programs. AMMC primarily manages client accounts on a discretionary basis. This means that AMMC is authorized to direct execution of transactions in these accounts without transaction-by-transaction consultation with the client. As of December 31, 2023, AMMC managed approximately $19 billion of client assets on a discretionary basis and $0 of client assets on a non-discretionary basis.