Weiss Asset Management LP (“Weiss”), a Delaware limited partnership, was originally formed in June 2003 as Weiss Capital LLC, a Delaware limited liability company. In January 2010, Weiss changed its name and converted to a limited partnership. Weiss serves as the investment manager to two privately offered pooled investment vehicles (each a “Brookdale Fund,” and together, the “Brookdale Funds”), one closed-end investment vehicle (the “AIM-Listed Fund”) that is listed on the AIM Market of the London Stock Exchange plc (“AIM”), and one institutional client in a separate-account structure (the “Institutional Account”). The Brookdale Funds are operated with substantially similar investment strategies. Each of the Brookdale Funds and the AIM-Listed Fund (which are collectively referred to herein as the “Funds” and each a “Fund”) is exempt from registration as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Weiss may also serve as investment manager for additional funds or separate accounts in the future. The Funds and the Institutional Account are together referred to in this brochure as “Clients.” The investment strategy for each of the Brookdale Funds is substantially similar, but each Brookdale Fund was designed for different types of potential investors. The overall objective of each Brookdale Fund is to seek high risk-adjusted returns while attempting to control risk. Within that broad objective, the Brookdale Funds are not limited by product, strategy or geographical region, and the Brookdale Funds’ strategies employed, trades pursued and portfolios held from time to time are likely to vary along all of these dimensions as opportunities arise. Economic arbitrage trades are just some examples of a wide range of trading strategies that Weiss may employ on behalf of the Brookdale Funds. The Brookdale Funds have an intentionally broad investment mandate and Weiss expects to use a variety of strategies, financial instruments, assets and securities on their behalf. Weiss will often seek to identify mispriced assets—assets that are undervalued for purchase and overvalued assets for sale. Weiss believes that opportunities to invest in mispriced assets arise from market inefficiencies, or because of faulty analysis by market participants of the potential impact (positive or negative) that specific events or trends may have on the value of an asset. These assets might have the characteristics of derivatives; real estate interests; equity stakes of entities in liquidation; debt instruments that are expected

to be highly covered by the value of underlying assets; securities that have assets or liabilities that Weiss believes are mispriced by the market; or other assets where Weiss believes the market price does not correctly reflect expected value. These opportunities may be coupled with short positions. The AIM-Listed Fund is geographically focused on South Korean companies, and specifically invests primarily in listed preference shares issued by companies incorporated in South Korea, which in many cases trade at a discount to the corresponding common shares of the same companies. Weiss invests on behalf of the AIM-Listed Fund to assemble a portfolio of South Korean preference shares that it believes are undervalued and could appreciate based on criteria it selects. Some of the considerations that affect Weiss’ choice of securities to buy and sell may include the discount at which a preference share is trading relative to its respective common shares, its dividend yield, its liquidity and its common shares weighting (if any) in the benchmark index for the AIM-Listed Fund, as described in the admission document for the AIM-Listed Fund. The AIM-Listed Fund may engage in market hedging from time to time, but it does not generally enter into hedging transactions with respect to individual securities holdings. Weiss may tailor its advisory services for any client invested in a separate account. Weiss may agree to manage the client’s investments against a particular benchmark or pursuant to investment guidelines discussed and agreed upon with the particular client. The Institutional Account is invested in a strategy somewhat similar to that of the AIM-Listed Fund, but with certain modifications agreed upon with the client from time to time. For further details on the Clients’ investment strategies, please see Items 7 (“Types of Clients”) and 8 (“Methods of Analysis, Investment Strategies and Risk of Loss”) below. The principal owner of Weiss, as set forth on Schedule A of Part 1A of Form ADV, is Andrew M. Weiss. Weiss is responsible for the management of each Client’s portfolio pursuant to investment management agreements between Weiss and each Client. Weiss manages each Client consistent with the investment strategies and objectives of that Client, as set forth in the applicable offering documents of a Fund or the investment management agreement of the Institutional Account, as applicable. Weiss manages the assets of its Clients on a discretionary basis. As of December 31, 2023, Weiss’ net assets under management were approximately $3,123,859,264.