ADVISORY BUSINESS Advisory Firm Silver Point, a Delaware limited partnership, was established in 2001 and serves as the principal vehicle for the investment management activities of its principal owners, Edward A. Mulé and Robert J. O'Shea. Edward A. Mulé and Robert J. O'Shea are both limited partners of Silver Point and members of Silver Point Capital Management, LLC, a Delaware limited liability company that serves as the general partner of Silver Point. Silver Point Capital Management, LLC has ultimate responsibility for the management, operations and the investment decisions made by Silver Point. Advisory Services Silver Point or an affiliate serves as the management company with discretionary trading authority to private pooled investment vehicles (each, a "Fund" and collectively, the "Funds"). The Funds include: 1. Silver Point Capital Fund, L.P. (the "Domestic Flagship Fund"), Silver Point Capital Offshore Fund, Ltd. (the "Offshore Flagship Fund") and Silver Point Capital Offshore Master Fund, L.P. (the "Master Flagship Fund" and together with the Domestic Flagship Fund and the Offshore Flagship Fund, the "Flagship Funds"). The Offshore Flagship Fund invests substantially all of its assets in a "master-feeder" structure into the Master Flagship Fund. Silver Point Capital General Partner, LLC (the "Domestic Flagship GP") serves as the general partner of the Domestic Flagship Fund and Silver Point Capital Offshore General Partner, LLC (the "Master Flagship GP" and together with the Domestic Flagship GP, the "Flagship GPs") serves as the general partner of the Master Flagship Fund. 2. Silver Point Select Opportunities Fund A, L.P. (the "Select Opportunities Fund"). Silver Point provides investment advisory services to the Select Opportunities Fund. Silver Point Select General Partner, LLC (the "Select Opportunities GP") serves as the general partner of the Select Opportunities Fund. 3. Silver Point Distressed Opportunities Fund, L.P. (the "Domestic Distressed Opportunities Fund"), Silver Point Distressed Opportunities Offshore Fund, L.P. (the "Offshore Distressed Opportunities Fund") and Silver Point Distressed Opportunities Offshore Master Fund, L.P. (the "Offshore Master Distressed Opportunities Fund" and together with the Domestic Distressed Opportunities Fund and the Offshore Distressed Opportunities Fund, the "Distressed Opportunities Funds"). An affiliate of Silver Point, Silver Point Distressed Opportunities Management, LLC ("Distressed Fund Management"), provides investment advisory services to the Distressed Opportunities Funds. Such affiliate is controlled by Edward A. Mulé and Robert J. O'Shea. Silver Point Distressed Opportunities Onshore General Partner, LLC (the "Domestic Distressed Fund GP") serves as the general partner of the Domestic Distressed Opportunities Fund and Silver Point Distressed Opportunities Offshore General Partner, LLC (the "Offshore Distressed Fund GP" and together with the Domestic Distressed Fund GP, the "Distressed Fund GPs") serves as the general partner of the Offshore Distressed Opportunities Fund and the Offshore Master Distressed Opportunities Fund. 4. Silver Point Distressed Opportunity Institutional Partners, L.P. (the "Domestic Distressed Institutional Fund"), Silver Point Distressed Opportunity Institutional Partners (Offshore), L.P. (the "Offshore Distressed Institutional Fund") and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. (the "Offshore Master Distressed Institutional Fund" and together with the Domestic Distressed Institutional Fund and the Offshore Distressed Institutional Fund, the "Distressed Institutional Funds"). Distressed Fund Management provides investment advisory services to the Distressed Institutional Funds. Domestic Distressed Fund GP serves as the general partner of the Domestic Distressed Institutional Fund and Offshore Distressed Fund GP serves as the general partner of the Offshore Distressed Institutional Fund and the Offshore Master Distressed Institutional Fund. 5. Silver Point Specialty Credit Fund II, L.P. (the "Domestic SCF II"), Silver Point Specialty Credit Fund II (Offshore), L.P. (the "Offshore SCF II"), Silver Point Specialty Credit Fund II (Offshore) B, L.P. (the "Offshore SCF II B"), Silver Point Specialty Credit Fund II (Offshore) C, L.P. (the "Offshore SCF II C"), Silver Point Specialty Credit Fund II Mini-Master Fund, L.P. (the "Domestic SCF II Mini-Master") and Silver Point Specialty Credit Fund II Mini-Master Fund (Offshore), L.P. (the "Offshore SCF II Mini-Master" and together with the Domestic SCF II, the Offshore SCF II, the Offshore SCF II B, the Offshore SCF II C and the Domestic SCF II Mini-Master, the "SCF II"). An affiliate of Silver Point, Silver Point Specialty Credit Fund II Management, LLC ("SCF II Management"), provides investment advisory services to the SCF II. Such affiliate is controlled by Edward A. Mulé and Robert J. O'Shea. Silver Point Specialty Credit Fund II General Partner, LLC (the "SCF II GP") serves as the general partner of the SCF II. 6. Silver Point Specialty Credit Silver Star Fund, L.P. (the "Silver Star Fund"). An affiliate of Silver Point, Silver Point Specialty Credit Silver Star Fund Management, LLC ("Silver Star Management"), provides investment advisory services to the Silver Star Fund. Silver Point Specialty Credit Silver Star Fund GP, LLC (the "Silver Star GP") serves as the general partner of the Silver Star Fund. 7. Silver Point Loan Funding, LLC (the "Loan Funding"). An affiliate of Silver Point, Silver Point Loan Funding Management, LLC ("Loan Funding Management"), provides investment advisory services to the Loan Funding and serves as the manager of the Loan Funding. 8. Silver Point CLO 1, Ltd. (the "CLO 1"). An affiliate of Silver Point, Silver Point RR Manager, L.P. (the "RR Manager"), provides investment advisory services to the CLO 1. Philip Jon Le Sueur and Robert Lucas serve as the directors of the CLO 1. 9. Silver Point Specialty Credit Fund III, L.P. (the "Domestic SCF III"), Silver Point Specialty Credit Fund III (Offshore), L.P. (the "Offshore SCF III"), Silver Point Specialty Credit III Master Fund, L.P. (the "Domestic SCF III Master") and Silver Point Specialty Credit III Master Fund (Offshore), L.P. (the "Offshore SCF III Master" and together with the Domestic SCF III, the Offshore SCF III and the Domestic SCF III Master, the "SCF III"). An affiliate of Silver Point, Silver Point Specialty Credit Fund III Management, LLC ("SCF III Management"), provides investment advisory services to the SCF III. Such affiliate is controlled by Edward A. Mulé and Robert J. O'Shea. Silver Point Specialty Credit Fund III Onshore General Partner, LLC (the "Domestic SCF III GP") serves as the general partner of the Domestic SCF III and the Domestic SCF III Master. Silver Point Specialty Credit Fund III Offshore General Partner, LLC (the "Offshore SCF III GP" and together with the Domestic SCF III GP, the "SCF III GPs") serves as the general partner of the Offshore SCF III and the Offshore SCF III Master. 10. Silver Point Distressed Opportunity Institutional Partners II, L.P. (the "Domestic Distressed II Institutional Fund"), Silver Point Distressed Opportunity Institutional Partners II (Offshore), L.P. (the "Offshore Distressed II Institutional Fund"), SP Distressed Opportunity IP II Intermediate, L.P. (the "Distressed II Intermediate Fund"), Silver Point Distressed Opportunity Institutional Partners II Master Fund, L.P. (the "Domestic Master Distressed II Institutional Fund") and Silver Point Distressed Opportunity Institutional Partners II Master Fund (Offshore), L.P. (the "Offshore Master Distressed II Institutional Fund" and together with the Domestic Distressed II Institutional Fund, the Offshore Distressed II Institutional Fund, the Distressed II Intermediate Fund and the Domestic Master Distressed II Institutional Fund, the "Distressed II Institutional Funds"). An affiliate of Silver Point, Silver Point Distressed Opportunity Institutional Partners II Management, LLC ("Distressed II Management"), provides investment advisory services to the Distressed II Institutional Funds. Such affiliate is controlled by Edward A. Mulé and Robert J. O'Shea. Silver Point Distressed Opportunity Institutional Partners II Onshore General Partner, LLC (the "Domestic Distressed Fund II GP") serves as the general partner of the Domestic Distressed II Institutional Fund and the Domestic Master Distressed II Institutional Fund and Silver Point Distressed Opportunity Institutional Partners II Offshore General Partner, LLC (the "Offshore Distressed Fund II GP" and together with the Domestic Distressed Fund II GP, the "Distressed II GPs") serves as the general partner of the Offshore Distressed II Institutional Fund, the Distressed II Intermediate Fund and the Offshore Master Distressed II Institutional Fund. 11. Silver Point CLO 2, Ltd. (the "CLO 2"). An affiliate of Silver Point, Silver Point CLO Management, LLC (the "CLO Manager"), provides investment advisory services to the CLO 2. Philip Jon Le Sueur and Robert Lucas serve as the directors of the CLO 2. 12. Silver Point CLO 3, Ltd. (the "CLO 3" and together with the CLO 1 and the CLO 2, the "Silver Point CLOs"). The RR Manager provides investment advisory

services to the CLO 3. Philip Jon Le Sueur and Robert Lucas serve as the directors of the CLO 3. 13. Silver Point Select B Opportunities Fund, L.P. (the "Select B Opportunities Feeder"), Silver Point Select B Master I, L.P. (the "Select B Master Fund I") and Silver Point Select B Master II, L.P. (the "Select B Master Fund II" and together with the Select B Opportunities Feeder and the Select B Master Fund I, the "Select B Opportunities Fund"). Silver Point Select B Management, LLC ("Select B Management") provides investment advisory services to the Select B Fund. Silver Point Select B GP I, LLC (the "Select B GP I") serves as the general partner of the Select B Opportunities Feeder and the Select B Master Fund I. Silver Point Select B GP II, LLC (the "Select B GP II" and together with the Select B GP I, the "Select B GPs") serves as the general partner of the Select B Master Fund II. References herein to "Silver Point" shall be deemed to include Silver Point, Distressed Fund Management, SCF II Management, Silver Star Management, Loan Funding Management, the RR Manager, SCF III Management, Distressed II Management, the CLO Manager, Select B Management, the Domestic Flagship GP, the Master Flagship GP, the Select Opportunities GP, the Distressed Fund GPs, the SCF II GP, the Silver Star GP, the SCF III GPs, the Distressed II GPs and/or the Select B GPs, where applicable. The Flagship GPs, the Select Opportunities GP, Distressed Fund Management, the Distressed Fund GPs, SCF II Management, the SCF II GP, Silver Star Management, the Silver Star GP, Loan Funding Management, the RR Manager, SCF III Management, the SCF III GPs, Distressed II Management, the Distressed II GPs, the CLO Manager, Select B Management and the Select B GPs are presently registered (or treated as registered) as investment advisers under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), pursuant to Silver Point's Form ADV, which contains an entry in Schedule R for each of Distressed Fund Management, SCF II Management, Silver Star Management, Loan Funding Management, the RR Manager, SCF III Management, Distressed II Management, the CLO Manager and Select B Management and lists the Flagship GPs, the Select Opportunities GP, the Distressed Fund GPs, the SCF II GP, the Silver Star GP, the SCF III GPs, the Distressed II GPs and the Select B GPs in Section 7.A of Schedule D. The Funds are structured as Delaware limited partnerships, Delaware limited liability companies, Cayman Islands exempted companies, Cayman Islands exempted limited partnerships or Jersey limited companies. As used herein, the term "client" generally refers to each Fund. Silver Point Finance, LLC, a Delaware limited liability company wholly owned by Silver Point, is the entity used publicly by Silver Point to describe its lending business. This Brochure generally includes information about Silver Point and its relationships with its clients and affiliates. While much of this Brochure applies to all such clients and affiliates, certain information included herein applies to specific clients or affiliates only. This Brochure does not contain all of the terms and conditions related to an investment in the Funds or all of the risks associated with any such investment, and certain of the information contained herein is in summary form. As a result, prior to any investment in any Fund, all prospective investors should carefully review the offering memorandum for such Fund. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities are generally offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended, and other exemptions of similar import under U.S. state laws and the laws of other jurisdictions where any offering may be made. Investors in the Funds generally must be both "accredited investors", as defined in Regulation D, and "qualified purchasers", as defined in the Investment Company Act of 1940, as amended (the "1940 Act"). Persons reviewing this Brochure should not construe this as an offer to sell or solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. Investment Strategies and Types of Investments Silver Point's investment strategy with respect to the Flagship Funds focuses on making investments in debt, equity or other securities, obligations or instruments of misvalued, mislevered, leveraged or financially distressed companies and in event-oriented and other special situations. Silver Point's investment strategies with respect to the Select Opportunities Fund are to invest (i) pro rata alongside the Silver Point Specialty Lending Fund (the "Specialty Lending Fund"), which elected to be treated as a business development company under 1940 Act, the SCF II, the SCF III and any other account managed by Silver Point with an investment program substantially similar to the Specialty Lending Fund, the SCF II and the SCF III, or (ii) alongside the Specialty Lending Fund, the SCF II, the SCF III and potentially other Funds on an "overflow basis" after such funds have received their entire desired share of each investment opportunity falling within the investment program of such funds but that exceed the capacity of such funds. Silver Point's investment strategies with respect to the Distressed Opportunities Funds, the Distressed Institutional Funds and the Distressed II Institutional Funds are to invest opportunistically in debt, equity and other financial instruments, obligations and assets, with a particular focus on companies and/or instruments that are stressed, distressed, overleveraged and/or going through restructurings, bankruptcies or other complex situations. The Distressed Opportunities Funds, the Distressed Institutional Funds and the Distressed II Institutional Funds have flexibility to invest in a wide variety of instruments, including less liquid and longer duration investments, and may have a concentrated portfolio, including control positions. Silver Point's investment strategy with respect to the SCF II and the SCF III is to originate loans to small and middle market companies and invest in specialty bridge financings, rescue financings and secondary purchases of loans and other credit-related assets. The SCF II and the SCF III may also make investments in other assets. Silver Point's investment strategy with respect to the Silver Star Fund is to invest alongside the Specialty Lending Fund, the SCF II, the SCF III and potentially other Funds, in each case, on an "overflow basis" after such funds have received their entire desired share of each investment opportunity falling within their respective investment programs, as determined by the applicable fund’s investment adviser. Silver Point's investment strategies with respect to the Loan Funding are to invest (i) pro rata alongside the Specialty Lending Fund, the SCF II, the SCF III and any other account managed by Silver Point with an investment program substantially similar to the Specialty Lending Fund, the SCF II and the SCF III, or (ii) alongside the Specialty Lending Fund, the SCF II, the SCF III and potentially other Funds on an "overflow basis" with respect to secondary opportunities after such funds have received their entire desired share of each such secondary opportunity falling within the investment program of such funds but that exceed the capacity of such funds. Silver Point's investment strategy with respect to the Silver Point CLOs focuses on making investments consisting primarily of senior secured performing credit loans, bonds and other debt securities purchased in the secondary market. Silver Point's investment strategy with respect to the Select B Opportunities Fund is to primarily target stressed and distressed investments. Please see Item 8 for a more detailed description of the investment strategies pursued and types of investments made by the Funds. The descriptions set forth in this Brochure of specific advisory services that Silver Point offers to clients, and investment strategies pursued and investments made by Silver Point on behalf of its clients, should not be understood to limit in any way Silver Point's investment activities. Silver Point may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, Silver Point considers appropriate, subject to each client's investment objectives and guidelines. The investment strategies Silver Point pursues are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. Customized Services for Individual Clients Silver Point's investment decisions and advice with respect to each Fund are subject to each Fund's investment objectives and guidelines, as set forth in its offering documents. Assets Under Management Silver Point and its affiliates, including Silver Point Specialty Credit Fund Management, L.P., manage approximately $28.9 billion of regulatory assets under management attributable to its clients on a discretionary basis. Information with respect to the amount of assets under management is generally provided as of December 31, 2023, but includes investor capital activity in the Flagship Funds as of January 1, 2024.