On August 1, 2022, 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 Ltd., a private limited company formed in the United Kingdom, which is registered as an investment adviser with the SEC and is authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom and Napier Park Global Capital (US) LP, a Delaware limited partnership, which is registered as an investment adviser with the. 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”). 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 provides advisory services and investment advice to private investment companies including hedge funds (together “Funds” and each a “Fund”). Napier Park also provides advisory services and investment advice on a discretionary or non-discretionary basis to separately managed accounts (together “Managed Accounts” and each a “Managed Account”; Managed Accounts together with Funds, “Investment Vehicles”). Investors in these Investment Vehicles include institutional investors, funds of funds, pension plans and state, municipal and governmental entities. A number of fixed income strategies may operate through Napier Park or its affiliates. At present Napier Park provides investment management services for the Investment Vehicles described below. Services Provided Currently, the European credit team (the “ECT”) is the only strategy within Napier Park. The ECT focuses on European corporate credit, managing fixed income investments in European loans, bonds, collateral loan obligations and structured credit for Investment Vehicles. In the future, Napier Park may manage a range of fixed income products with varying degrees of risk, return and diversification profiles

(including hedge funds and separate accounts) with the ability to customize solutions. 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. Funds Napier Park manages Funds on a discretionary basis, employing the strategy and infrastructure described above. Managed Accounts Napier Park provides investment advice to single investor portfolios and may provide investment advice to separately managed accounts (collectively referred to herein as “Managed Accounts”). The Managed Accounts aree managed on a fully discretionary basis (“Discretionary Managed Accounts”) or may be managed on a non-discretionary basis (“Non-Discretionary Managed Accounts”). With respect to a Discretionary Managed Account, Napier Park and its affiliates enter into an advisory agreement with the client pursuant to which Napier Park constructs and manages, on a discretionary basis, the Discretionary Managed Account. With respect to a Non-Discretionary Managed Account, Napier Park and its affiliates enter into an advisory agreement with a client pursuant to which Napier Park provides investment advice relating to private investment funds and constructs, 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. In constructing a Managed Account portfolio, Napier Park first considers and assesses the Managed Account client’s financial goals, investment objectives, investment time horizon, and investment preferences. Napier Park expects that, in most cases, Managed Accounts will follow strategies similar to the Funds it advises, as described above. See Item 8 “Methods of Analysis.” Particular Investment Restrictions Individual investors in the Funds are not consulted in the design or implementation of such Fund’s investment programs. Each Fund’s account documentation describes that Fund’s investment program. With respect to Managed Accounts, each advisory agreement and the related account documentation specifies the particular investment program and any related investment restrictions. Generally, each Managed Account is customized to reflect a particular client’s investor profile. Assets under Management As of March 27, 2024, Napier Park had $ 5,139,070,460 billion in discretionary regulatory assets under management based on December 31, 2023 gross assets under management as reflected on the balance sheet.