Identify your principal owner(s). Anchorage was founded in 2003 and became registered with the SEC as an investment adviser on January 27, 2006. Anchorage provides discretionary investment advisory services including, but not limited to, managing and directing the investment of assets for private investment funds (each a “Fund” and together the “Funds” or “Advisory Clients”). Anchorage manages assets across a credit-oriented product platform primarily consisting of:
• “Evergreen Funds” – Anchorage manages the Anchorage Capital Partners Funds (“ACP Funds”). Anchorage is in the process of returning capital to Investors and as such has suspended redemptions and withdrawals from the ACP Funds.
• “Drawdown Funds” – Anchorage manages a number of drawdown funds, which primarily consist of the Anchorage Illiquid Opportunities Funds (“AIO Funds”) and Anchorage Structured Credit Master Fund, L.P. (“SCF”). Please refer to Item 8.A below for investment strategy information. Kevin Ulrich is the majority owner of Anchorage through his indirect ownership of interests in Anchorage Advisors Management, L.L.C. Mr. Ulrich is responsible for overseeing the portfolio management, risk management, asset allocation, and investment decisions with respect to the Funds and he has ultimate management and investment decision-making responsibility over the Funds. Certain affiliated entities, as noted above, were relying advisers under Anchorage’s Form ADV. As of January 2, 2024, certain of those entities, now noted as Anchorage Capital Advisors, L.P. (“ACA”) (f/k/a Anchorage Advisor Holdings, L.P.) and its relying advisers, are separately registered as investment advisers with the SEC. Funds managed by ACA and its relying advisers are reflected on ACA’s Form ADV. Anchorage and ACA operate their respective businesses using shared operational resources such as office space, advisory and non-advisory personnel and back office functions. specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the

type of investment advice you offer, and disclose that your advice is limited to those types of investments. Anchorage generally has broad and flexible investment authority with respect to the Funds. The Funds managed by Anchorage employ various directional and hedged strategies which are specifically described in each Fund’s respective confidential private placement memorandum or governing documents. Anchorage primarily offers advice on strategies including leveraged debt and equity, distressed debt, credit default swaps, structured credit instruments, corporate-backed collateralized debt obligations, corporate and sovereign fixed income securities, publicly traded and private equities, exchange traded funds, preferred equities, convertible securities, warrants, options, trade claims, lease paper, mortgage and asset-backed securities, total return and equity swaps, contracts for differences, direct loans, private investment funds and foreign exchange, commodities and interest rate swaps (for hedging purposes). individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. As a general matter, Anchorage neither tailors its advisory services to the individual needs of investors in the Funds (“Investors”), nor accepts Investor- imposed investment restrictions. To the extent permissible under applicable law, Anchorage has and may (in the future) enter into side letters with certain Investors that provide such Investors with different or additional terms. services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Anchorage does not participate in wrap fee programs. on a discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, Anchorage manages approximately $6.35 billion of regulatory assets under management on a discretionary basis. Anchorage does not currently manage any client assets on a non-discretionary basis.