Firm Description Slate Advisory Service (US) LLC (“SLAM US”), a Delaware limited liability company, provides investment advisory services to private investment funds and other investment vehicles. SLAM US is a wholly owned indirect subsidiary of Slate Asset Management Holdings (US) L.P., both of which are part of the broader family of companies controlled by Blair Welch and Brady Welch and which include Slate Asset Management L.P. and its affiliates (collectively “SLAM”). SLAM is a global investment and asset management firm headquartered in Canada and founded in 2005 by Blair Welch and Brady Welch. SLAM’s real estate investments span opportunistic, value-add and core strategies developed through the partners’ relationships throughout numerous facets of the commercial real estate industry in Canada, the U.S. and internationally. SLAM US was formed in 2020 and has entered into management services agreements with its two relying advisers, Slate Asset Management (Canada) L.P. and Slate Asset Management (Europe) Limited (and together, the “Advisers”). The Advisers collectively operate as a single advisory business and provide investment advisory services to certain SLAM-affiliated pooled investment vehicles (each, a “Fund”). In certain circumstances, as more fully described in Item 7 below, the Advisers also permit certain limited partners and third parties to make co-investments in a single investment alongside a Fund. Such co-investments are structured either as (i) a special purpose vehicle established to invest alongside a Fund in a single portfolio investment or (ii) a direct investment into such portfolio investment (in which case such direct co-investment is not considered a Fund or client of SLAM). In addition to the Funds, the Advisers serve as the investment manager or subadviser to separate accounts for institutional clients, joint venture partnerships and other investment partnerships. In some instances, these accounts invest in the similar types of assets as one or more of the Funds but have modified investment guidelines that are tailored to the individual objectives of the account. In each such case, these accounts do not involve investment management of securities and are therefore not included in this Brochure. Each Fund is affiliated with a general partner (“General Partner”) with authority to make investment decisions on behalf of the Funds. These General Partners are deemed registered under the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder (“Advisers Act”), pursuant to SLAM US’ registration in accordance with SEC guidance. The applicable General Partner of each Fund retains investment discretion and limited partners in the Funds do not participate in the control or management of the Funds. While maintaining ultimate authority over their respective Funds, the General Partners have entered into a management services agreement with SLAM US or the relying advisers, and such management services agreements designate SLAM US or one of the relying advisers as the investment adviser for each such Fund. The Advisers’ Funds include both closed-end and open-end vehicles. In the closed end-Funds, each limited partner makes an up-front commitment to contribute a stated amount of capital as called by an Adviser for investment or other fees and expenses, and generally cannot withdraw capital prior to the end of the stated multi-year term of the fund. In the open-end Funds, capital contributions and redemptions are permitted at stated intervals at then-current net asset values, subject to certain lock- up periods and gates and in the General Partner’s discretion. Advisory Services The Advisers provide discretionary advice to the Funds. The Funds typically make direct investments (including as a co-owner) in opportunistic, value-add and core real estate assets and indirect investments in such assets through the acquisition

of an interest in a partnership, trust, corporate body or other entity which directly or indirectly holds such assets. The Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of purchase and sale of investments, managing and monitoring the investments and achieving dispositions of such investments. The Advisers’ investment advice and authority for each Fund is tailored to the investment objectives of that Fund; investment advice is not tailored to the individual needs of limited partners in the Funds. These Fund investment objectives are described in and governed by, as applicable, the private placement memorandum, limited partnership agreement, investment advisory agreements, management services agreements, side letter agreements and other governing documents of the relevant Fund (collectively, “Governing Documents”) and limited partners determine the suitability of an investment in a Fund based on, among other things, the Governing Documents. The Advisers generally do not seek or require limited partner approval regarding each investment decision. Fund limited partners generally cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Limited partners in the Funds participate in the overall investment program for the applicable Fund and generally cannot be excused from a particular investment except in certain circumstances pursuant to the terms of the applicable Governing Documents. In accordance with industry common practice, the Advisers have entered into side letters or similar agreements with certain limited partners including those who make substantial commitments of capital or were early stage limited partners in the Funds, or for other reasons in the sole discretion of such Adviser in each case that have the effect of establishing rights under, or altering or supplementing, a Fund’s Governing Documents. Such rights entered into include provisions whereby limited partners have expressed an interest in participating in co-investment opportunities, certain fee arrangements, notification provisions, advisory committee representation, regulatory excuse rights, reporting requirements and “most favored nations” provisions, among others. These rights, benefits or privileges are not always made available to all limited partners, consistent with the Governing Documents and general market practice. Commencing in September 2024, the Advisers will make disclosure of certain side letters, as required, to investors (and in certain cases, to prospective investors) in accordance with the new Private Fund Rule. Side letters are negotiated at the time of the relevant limited partner’s capital commitment, and once invested in a Fund, limited partners generally cannot impose additional investment guidelines or restrictions on such Fund. There can be no assurance that the side letter rights granted to one or more limited partners will not in certain cases disadvantage other limited partners. Principal Owners/Ownership Structure SLAM US is a wholly owned subsidiary of Slate Asset Management (US) L.P. and is indirectly owned by Slate Asset Management Holdings (US) L.P., which in turn is owned, indirectly, by Blair Welch and Brady Welch. Additional investors have minority ownership or revenue interests, none of such other entities or individuals exercise control of the registrant or serve on any Fund limited partner advisory committees. Regulatory Assets Under Management As of December 31, 2023, SLAM US and its relying advisers managed approximately $4.314 billion in Fund regulatory assets under management, all on a discretionary basis. SLAM US does not manage any investments on a non-discretionary basis.