In 1987, AIMCO began serving as the investment advisor for a number of closed-end mutual funds. When that business ended, AIMCO began providing investment advisory services to several subsidiaries of The Allstate Corporation, a publicly held corporation and AIMCO's ultimate parent. Before 2000, AIMCO did not provide services directly or indirectly to any unrelated party. AIMCO's parent is Allstate Non-Insurance Holdings, Inc., whose parent is The Allstate Corporation. AIMCO is under common ownership with Allstate Investments, LLC (a non- registered investment adviser). AIMCO provides investment advisory services to some of its affiliates. AIMCO performs research and obtains and evaluates information relating to the economy, industries, businesses, markets and new investment structures, techniques, practices, and financial data. AIMCO manages the investments of each company in a manner consistent with the company's investment policy. AIMCO makes recommendations to these companies with respect to changes to their policies and also determines the securities a company should purchase or sell and the timing of these transactions. AIMCO provides investment risk management review and oversight of investment activities and client portfolios. AIMCO places purchase and sale orders on behalf of its client as it deems appropriate or necessary. It also chooses the broker/dealers for execution of the transactions. AIMCO may retain sub- advisers to provide investment services to AIMCO's clients. AIMCO always oversees each sub-advisers' work. AIMCO also provides investment advisory services to retirement plans sponsored by The Allstate Corporation and Allstate Insurance Company of Canada for their employees and agents. The services AIMCO provides to these plans are similar to those AIMCO provides to its affiliates. AIMCO does not charge the plans for its services. For the U.S. plan, the agreement between the plan’s investment committee and AIMCO provides that AIMCO will not charge the plans for services, but if it did, those would be paid by the plan sponsor. If any sub-adviser charges the plans any fees, the plans are to pay the sub-advisers directly. AIMCO is the collateral manager for various collateralized debt obligations and investment vehicles (“CLOs”). The collateral in these CLOs consists primarily of below investment grade secured bank loans and at times may include secured bonds and unsecured bonds, and instruments

incidental to the management of the CLOs, including short term investments, options, futures, and swaps, as appropriate. AIMCO charges a base management fee to these CLOs, together with incentive management fees payable if and when the holders of the equity of the specific CLO have realized various levels of return on their investment. AIMCO may act as investment advisor or collateral manager with respect to other investment vehicles in the future. In addition, in the future, AIMCO may provide investment adviser services to other institutional investors. The fees for those services would be negotiated and may be different from those AIMCO charges to its current clients. AIMCO is the managing member of the Allstate Short Term Pool, LLC, a large liquidity fund (the “Allstate Short Term Pool”) and has discretion over the management and administration of the Allstate Short Term Pool’s affairs. AIMCO is also the investment manager of the Allstate Short Term Pool and pursuant to an investment management agreement between AIMCO and the Allstate Short Term Pool, has discretionary authority to invest the assets of the Allstate Short Term Pool. The Allstate Short Term Pool invests in a broad range of high-quality, short-term instruments. AIMCO does not charge the Allstate Short Term Pool a management fee with respect to its role as either managing member or investment manager, however, the Allstate Short Term Pool does reimburse AIMCO for operating and overhead expenses incurred with providing services both as managing member and investment manager. AIMCO may from time to time publish economic analyses that are provided for no fee and not for distribution to the public. AIMCO provides investment advisory activities as described in its investment management agreement (“IMA”) with each client. A client may restrict AIMCO in any manner they may describe in the IMA. For example, a client may restrict AIMCO to providing non- discretionary advice, which means that AIMCO would merely advise the client as to which securities it should buy or sell, and the client then could act or not act on such advice (a non-discretionary IMA). Typically, AIMCO has authority to decide which investments its client's custodian will purchase for the client's account (a discretionary IMA). On December 31, 2023, AIMCO managed $22,405,928,326 in regulatory assets under management on a discretionary basis.