On August 1, 2022, First Eagle Investment Management LLC (“FEIM”) acquired 100% of the interests in Napier Park Global Capital LLC, a Delaware limited liability company). Napier Park Global Capital LLC is the direct parent of Napier Park Global Capital (US) LP (“Napier Park”), a Delaware limited partnership, which is registered as an investment adviser with the SEC. Napier Park will operate as an autonomous, wholly owned unit of FEIM. FEIM is a limited liability company organized under the laws of the State of Delaware and has been a registered investment adviser under the Advisers Act since 1995. It is a subsidiary of First Eagle Holdings, Inc., a holding company incorporated in Delaware (“FE Holdings”). Since 2015, a controlling interest in FE Holdings has been owned by BCP CC Holdings L.P., a Delaware limited partnership (“BCP CC Holdings”). BCP CC Holdings GP L.L.C., a Delaware limited liability company (“BCP CC Holdings GP”), is the general partner of BCP CC Holdings and has two managing members, Blackstone Capital Partners VI L.P. (“BCP VI”) and Corsair IV Financial Services Capital Partners L.P. (“Corsair IV”). BCP VI is indirectly controlled by a public company, Blackstone Inc. (NYSE: BX) (“Blackstone”). Cosair IV is indirectly controlled by Corsair Capital LLC (“Corsair”). The general partner of Corsair IV is Corsair IV Management L.P., whose general partner is Corsair, the sole member of which is Corsair Capital, L.P., whose general partner is Corsair Capital Group, Ltd., of which the controlling member is D.T. Ignacio Jayanti. Investment vehicles indirectly controlled by Blackstone and Corsair and certain co-investors own a majority economic interest in FE Holdings and FEIM through BCP CC Holdings. Napier Park also owns a de minimis interest in Regatta Loan Management LLC, a Delaware limited liability, company, which is a private investment company and collateral manager to securitized asset vehicles that is registered as an investment adviser with the SEC. Napier Park provides management and/or advisory services to private investment companies such as hedge funds, private equity funds, securitized asset vehicles and, infrastructure funds, (“collectively referred to herein as “Funds” and individually as “Fund”), and institutional investors, pension plans, state and municipal government entities, sovereign wealth entities and high net worth individuals. Napier Park also provides investment advice to separately managed accounts (“Managed Accounts”) on a fully discretionary or and may provide services on a non-discretionary basis. References herein to Napier Park shall be deemed to also include Napier Park’s subsidiaries that provide advisory services to Funds. A number of fixed income strategies fall (including CLOs) within Napier’s credit strategies group (“Credit Strategies”) in addition to our Financial Partners and Indian Investing Business strategies. Napier Park will provide investment services for the types of products listed below. Services Provided: Credit Strategies Fund Products: Each Credit Strategies investment center represents a specialized area of expertise in a fixed income or equities sector and seeks to offer Funds with a consistent investment approach, appropriate asset-liability management and attractive risk-return profile. Napier Park manages a range of fixed income and equity products with varying degrees of risk, return and diversification profiles (including hedge funds and separate accounts) with the ability to customize solutions. Napier Park manages fixed income and equity investment funds in the areas of European loans, U.S. loans, U.S. municipal bond arbitrage, corporate credit, mortgage backed and asset backed securities, structured credit and distressed debt as well as special situations strategy among others. Napier Park uses an integrated product development, investment management, risk, operations and technology platform that draws upon professionals who have experience in investments, research, structured finance, liability management, risk analytics, client servicing, operations, technology, legal and accounting. Napier Park’s investment and strategy

selection and execution process includes an evaluation of each strategy, the development of risk management and investment guidelines, identifying and contracting third party service providers who it believes can successfully execute the strategies selected at any given time and, finally, active management of both the assets and the liabilities of the funds. Private Equity Fund Products: Real Assets: Napier Park manages real assets funds which seek differentiated investment opportunities primarily by investing in cash-generating real assets with an emphasis on inflation resistant distributions and residual values. (“Real Assets”) India Infrastructure/Real Estate: Napier Park manages an infrastructure/real estate business that makes investments in India (the “India Investment Business”). Napier Park has engaged a third-party Indian advisor that provides research and advisory services to Napier Park, including deal sourcing, due diligence, deal structuring, exit strategies and other investment related advice. Managed Accounts: Napier Park provides investment advice to single investor vehicles and may provide investment advice to separately managed accounts (collective referred to herein as “Managed Accounts”) which follow the strategies described above for Fund products. The Managed Accounts are managed on a fully discretionary basis (“Discretionary Managed Accounts”) but may be managed on a non-discretionary basis as well (“Non-Discretionary Managed Accounts”). With respect to a Discretionary Managed Account, Napier Park and its affiliates will enter into an advisory agreement with the client pursuant to which Napier Park will construct and manage on a discretionary basis the Discretionary Managed Account. With respect to a Non-Discretionary Managed Account, Napier Park and its affiliates may enter into an advisory agreement with a client pursuant to which Napier Park will provide investment advice relating to private investment funds and will construct on a non-discretionary basis the Non-Discretionary Managed Account’s portfolio. Individual agreements may provide for other services to be provided by Napier Park which may include: overall allocation advice, due diligence services, certain account consolidation, analytical and reporting services and certain administrative services. Affiliates or third parties may be retained by the Managed Account clients or Napier Park to provide administrative, custodial or other services to the Managed Accounts. Napier Park, affiliates or third party service providers may be retained by Managed Accounts or Napier Park to provide administrative, custodial or other services to Managed Accounts. In constructing a Managed Account portfolio, Napier Park will first consider and assess the Managed Account client’s financial goals, investment objectives, investment time horizon, and investment preferences. Napier Park expects that Managed Accounts will in most cases follow strategies similar to other Funds it advises, as described above. See Item 8 “Methods of Analysis.” Particular Investment Restrictions Individual investors in the Funds are not typically consulted in the design or implementation of such Fund’s investment programs. Each Fund’s offering documentation will describe that Fund’s investment program. With respect to Managed Accounts, each advisory agreement and related account documentation will specify the particular investment program and any related investment restrictions. It is expected that, in general, each Managed Account will be customized to reflect a particular client’s investor profile. Definitions As used herein, the term “Investment Vehicles” includes Funds and Managed Accounts. Assets Under Management As of March 27, 2024, Napier Park has approximately $11,743,861,794 in discretionary assets under management based on gross assets data as of December 31, 2023, as reflected on the balance sheet and in some cases estimated gross assets data as of December 31, 2023 or September 30, 2023 for certain private equity funds where this was the most recent data available.