Stone Ridge is an investment management firm organized as a limited liability company under the laws of the State of Delaware and has been an SEC-registered investment adviser since 2012. Stone Ridge Holdings Group LP is the firm’s parent company. Ross Stevens, the Chief Executive Officer of Stone Ridge, is the firm’s principal owner. Stone Ridge serves as the investment adviser to various investment companies (each, an “Investment Company”) registered under the Investment Company Act of 1940, as amended (the “Company Act”), each of which consists of one or more series (each, a “Registered Fund”), to various pooled investment vehicles the securities of which are not registered under the Securities Act of 1933, as amended (the “Securities Act”) and that are exempt from registration under the Company Act (each, a “Private Fund” and, together with the Registered Funds, “Funds”) and to Longtail Insurance Holdings Ltd. (“Longtail Holdings”) and Short Tail Insurance Holdings Ltd. (“Short Tail Holdings”), affiliated companies that obtain exposure to the reinsurance risk premium through their operating reinsurance subsidiaries, and their affiliates. In addition, Stone Ridge offers investment advisory services to other investors through separately managed accounts (collectively “Managed Accounts”) that are exempt from registration under the Company Act and the Securities Act. We refer to the Funds, Longtail Holdings and its affiliates for which Stone Ridge provides investment advisory services, Short Tail Holdings and its affiliates for which Stone Ridge provides investment advisory service and the investors whose assets are managed in any Managed Accounts herein collectively as “Clients.” Stone Ridge generally has full discretionary authority over investment decisions made for its Clients, except for assets held in certain Managed Accounts over which it does not have discretionary authority. In connection with its investment advisory services, Stone Ridge’s advice to a Client

is tailored according to the investment objectives, guidelines and requirements set forth in the Relevant Documents (as defined below) pertaining to Stone Ridge’s arrangements with that Client. In the case of the Registered Funds, such investment objectives, guidelines and requirements are described in the Registered Funds’ prospectuses and statements of additional information (“SAIs”) (each, as amended and/or supplemented from time to time, collectively, a “Prospectus”) and the investment management agreement between Stone Ridge and each Investment Company on behalf of each Registered Fund. In the case of the Private Funds, such investment objectives, guidelines and requirements are described in each Private Fund’s organizational and/or offering documents and the investment management agreement between Stone Ridge and each Private Fund. In the case of Managed Accounts, such investment objectives, guidelines and requirements are described in the investment management agreement between Stone Ridge and the relevant Client. In addition, Managed Account Clients receive materials providing information about specific investment opportunities in advance of making an investment decision. We refer to such Prospectuses, the Private Fund’s organizational and offering documents, the Managed Account Clients’ investment materials and all Clients’ investment management agreements herein as the “Relevant Documents.” All Clients should carefully review the Relevant Documents applicable to them. For more information on whether Clients may impose restrictions on investing in certain securities or types of securities, see Item 16. In the case of the Funds, Stone Ridge provides investment advice directly to each Fund and not individually to any investor in any of the Funds. As of December 31, 2023, Stone Ridge managed approximately $16,570,863,718 in assets on a discretionary basis and approximately $8,423,843,551 in assets on a non-discretionary basis on behalf of Clients.1