Deer Park Road Management Company, LP (“Deer Park” or the “Adviser”), a Delaware limited partnership, is an alternative investment adviser focused on the structured finance segment of the global fixed- income markets. Deer Park was founded in 2003 by Michael Craig-Scheckman, its current Chief Executive Officer and founder. Mr. Craig-Scheckman has been in the investment business for over 40 years and has over 30 years of experience in the distressed mortgage-backed and asset-backed securities field. Scott Burg joined the Adviser in 2010 and is currently the Chief Investment Officer and managing partner. Mr. Burg has over 20 years of experience in the MBS/ABS (each as defined below) market. Brad Craig has been with the Adviser since 2007 and currently serves as its Chief Operating Officer. Deer Park is owned and controlled by Michael Craig-Scheckman, Scott Burg and Brad Craig. Henry Murray has a non-voting ownership interest. Deer Park aims to identify attractive investment opportunities primarily by exploiting trading and investment opportunities with a strong, but not exclusive, focus on mortgage-backed securities (“MBS”), asset-backed securities (“ABS”), corporate debt, and other credit investments. The Adviser has also taken equity positions in early stage and public companies that operate in the real estate, mortgage or mortgage service industry. Certain of these companies provide services to funds managed by the Adviser or its affiliates. The Adviser employs a fundamental research approach on security selection in the MBS/ABS market. Specifically with regard to ABS, security selection is based on a valuation process that seeks to exploit the disparity between the intrinsic and market value of these securities, capitalizing on the traditionally inefficient MBS/ABS marketplace. Portfolios also include long and short positions in derivatives, corporate debt and equities. Investments in these securities are made and liquidated on an opportunistic basis from time to time depending on economic conditions. As of December 31, 2023, Deer Park managed approximately $3billion of assets (calculated as

net asset value of Funds managed by Deer Park as of December 31, 2023) on a discretionary basis, and Deer Park and its affiliate, Bangtail Management LP (“Bangtail”), together managed approximately $3.1 billion of assets (calculated as net asset value of all Funds managed by the Adviser and its affiliates as of December 31, 2023) on a discretionary basis. The Adviser does not manage wrap fee programs. “Regulatory Assets Under Management,” as that term is defined by the SEC, were $4 billion on a discretionary basis firmwide as of December 31, 2023, which includes committed capital. The Adviser manages one hedge fund, a pooled investment vehicle that is operated as a closed- end private fund, two private funds, each with one investor (each, a “Fund of One” and together with the hedge fund and the closed-end fund, the “Private Funds”), and serves as a sub-adviser of one registered mutual fund (“Mutual Fund” and together with the Private Funds, the “Clients” or “Fund”). The hedge fund, STS Master Fund Ltd. (“STS”), was formed in the Cayman Islands in 2016 as the “master fund” in a master-feeder structure where STS Partners Fund, LP, a Delaware limited partnership, is the “onshore feeder” and Ski Time Square Limited, a Cayman Island limited company, is the “offshore feeder.” Both feeders invest their assets in the master fund, STS. STS had $2.8 billion of net assets as of December 31, 2023. Deer Park 1850 Fund, LP is a Fund of One that had $666 million of net assets as of December 31, 2023, and 3 Points LP is a Fund of One that had $273 million of net assets as of December 31, 2023. The Mutual Fund is registered as an investment company under the Investment Company Act of 1940, as amended (the “Company Act”), and the Securities Act of 1933, as amended (the “Securities Act”). Deer Park serves as a sub-adviser to the Mutual Fund. The Mutual Fund is named the Deer Park Total Return Credit Fund (“DPFNX”) and had $335 million in net assets as of December 31, 2023. Deer Park manages the Mutual Fund to keep illiquid positions below a minimum threshold established by the Company Act and the Client.