Firm Description Armory Capital Group, LLC ("Armory") is an investment advisory firm that was originally founded in August 2008. Armory was registered with the SEC as an investment adviser from August 2008 to May 2012. In May 2012, Armory withdrew its registration as an investment adviser and became an Exempt Reporting Adviser with the SEC. Armory again registered with the SEC as an investment adviser on October 23, 2013. The sole owner of Armory is Armory Group, LLC ("Armory Group"). The principal owners of Armory Group are Nicholas W. Tell, Jr. and Eben P. Perison.
Advisory Services Armory primarily serves as adviser to private fund clients and other pooled investment vehicles ("Funds") on a fully discretionary basis and specializes in investment strategies with a focus on investments in debt issued by middle market companies and various special situations investing.
This Part 2A Disclosure Brochure contains a summary of information relevant to the subject headings as stated herein, and no disclosure or other statement contained herein serves as a substitute or shall supersede any of the terms and conditions as outlined in each Fund's Governing Documents. To the extent any of the statements herein conflict with a Fund's Governing Documents, such Governing Documents shall govern, and investors in such Fund will be bound by the terms, conditions, risks and other relevant information contained therein.
Armory Credit Opportunity Fund, LP Armory Group's wholly owned subsidiary, Armory Credit GP, LLC, acts as the general partner of Armory Credit Opportunity Fund, LP ("ACO") and has delegated its investment management responsibilities to Armory, and as such Armory is responsible for sourcing, negotiating, structuring, and managing ACO's investment portfolio. ACO employs a multi-strategy approach to invest in middle market credit with three primary areas of focus: leveraged loans, discounted high yield bonds and distressed debt. Armory Loan Opportunity Fund, LP Armory's

wholly owned subsidiary, Armory Loan GP, LLC, acts as the general partner of Armory Loan Opportunity Fund, LP ("ALO") and has delegated its investment management responsibilities to Armory, and as such Armory is responsible for sourcing, negotiating, structuring, and managing ALO's investment portfolio. ALO's investment strategy is focused on investments in leverage loans. As of December 31, 2018, all of ALO's capital is from internal Armory sources.
Sub-Advisory Services Offered to Registered Investment Companies (Mutual Funds) We serve as a sub-adviser to the investment adviser ("Primary Adviser") to a registered investment company (the "Fund"). We provide investment advice to the Primary Adviser under a sub-advisory agreement. The Primary Adviser supervises the management of the Fund and is responsible for ensuring that we are providing advice consistent with the Fund's investment objectives. As sub-adviser to the Fund, we receive a fee from the Primary Adviser computed, accrued, and paid on a preset basis in an amount equal to a percentage of the Fund's net sales values or net asset value. This may also depend further on the extent of service provided and the particular agreement executed between the Primary 4 Adviser and our firm. We may recommend investments in the Fund for our client accounts. Therefore, as a client of our firm, you are advised that we will receive compensation from the Fund and that a conflict of interest exists when investing your assets in the Fund. We will only make such investments where we believe it is consistent with our fiduciary duty and your investment objectives. We will earn fees from the Primary Adviser and you for investments made in the Fund. For tax-qualified accounts with assets invested in the Fund, the advisory fee on such assets will be offset by the amount of the management fee paid to us by the Primary Adviser.
Assets Under Management As of December 31, 2023, Armory had discretionary assets under management of $11,645,028.