(A) Operational and Organizational Information. CWCI LLC (“CWCI”), a U.S. Securities and Exchange Commission (“SEC”) registered investment adviser, and is one of several affiliated entities in the CW Financial Services LLC (“CWFS”) family of companies. CWCI has been in business since January 2004. The principal owner of CWCI is CWFS. CWFS is indirectly wholly owned by certain funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). Affiliates of Fortress, including FIG LLC (801- 62982), are themselves registered investment advisers and have filed their own Form ADV Part 1 and 2. In order to obtain copies of such materials, please see www.advisorinfo.sec.gov. The family of companies affiliated to CWFS also includes: (i) CWCapital Asset Management LLC (“CWCAM”), a commercial real estate loan management and special servicing company, which owns approximately 93% of CW Compark Holdings, LLC which owns 100% of CW Compark Mezz, LLC, which is a mezzanine borrower and lender and GIG CW Compark, LLC which is holds real estate financed by a senior loan and a mezzanine loan, CWCAM owns approximately 73% of CW Tuscany Holdings LLC which owns approximately 55% of an entity that owns a 104-unit apartment building in Alexandria, VA, CWCAM owns approximately 91% of CW Church Ranch Holdings II, LLC which owns entities that own three office buildings, a vacant parcel of land and a company responsible for water delivery to its office park located in Westminister, CO, CWCAM owns approximately 68% of CW River Oaks Holdings LLC which owns approximately 65% of an entity that owns a 190- unit apartment community located in Little River, SC, CWCAM owns approximately 76% of CW Westgrove Holdings LLC which owns 95% of an entity owning 170 condominium units of a 240 condominium community located in Raleigh NC, CWCAM owns approximately 64% of CW Riverwalk Holdings LLC which owns approximately 19% of an entity which owns a 234-unit mid-rise apartment community located in Jenks, OK (ii) ConvergentRisk Insurance Agency LLC (“CRIA”), a risk and insurance services group, (iii) CWFS Insight LLC (“CWFS Insight”), a software development and service company which owns 100% of RealInsight Advisors LLC, a recently formed entity which will

provide real estate advisory services, (iv) CWFS – REDS LLC (“REDS”), a commercial real estate broker, (v) CWCapital Markets LLC (“CWMarkets”), a commercial mortgage intermediary, (vi) CW CCR LLC (“CCR”), an entity that serves as the designee for the controlling class holder at the request of certain CWCAM clients (vii) CWFS Data Insights LLC (”Insights”), an entity formed to provide real estate related data subscriptions. Each of CWCI, CWCAM, CRIA, CWFS Insight, REDS, CWMarkets, CCR and Insights is a wholly-owned subsidiary of CWFS. (B) Types of Advisory Services Offered. CWCI offers discretionary investment advisory services to its clients, which invest in collateralized debt obligations (“CDO”), can act as the Disposition Consultant, Collateral Administrator, or Collateral Manager, and can also offer analytic and consulting services. These services include proprietary and credit-intensive real estate analytics, surveillance and due diligence services that help financial institutions and investors navigate complex real estate debt investments and portfolios, although these services are primarily offered through CWFS and its other subsidiaries, to the extent it is not deemed investment advice. (C) Client Investment Guidelines and Parameters. CWCI enters into a management (or similar) agreement with each of its advisory clients, which sets forth the specific advisory services that CWCI is obligated to provide for that client. Each management agreement is tailored to the individual needs of the particular client. As Collateral Manager/ Administrator of CDO clients, CWCI has the authority to make investment decisions where it deems appropriate and without prior consultation with the CDO client, subject to the investment guidelines and/or restrictions contained in the relevant CDO transaction documents. As Disposition Consultant in various CDO transactions, CWCI has an advisory role with respect to providing consents to the sale of securities initiated by the CDO Collateral Manager (typically an unrelated third party) subject to the terms of the relevant disposition consultant agreement. (D) Wrap Fee Programs. CWCI does not participate in wrap fee programs. (E) Client Assets Under Management. Discretionary: $270,166,626 as of December 31, 2023.