ADVISORY BUSINESS A. General Description of Advisory Firm The Firm was formed on March 3, 2000, as a limited partnership, registered under the Limited Partnership Act of 1907 of England and Wales with its principal place of business in London, England.1 The Firm which is authorized and regulated by the Financial Conduct Authority in the United Kingdom, offers advisory or sub-advisory services to non-U.S. and U.S. institutional managed accounts and pooled investment vehicles on either a discretionary or non- discretionary basis. The Firm offers discretionary investment advice and/or management services according to the stated investment objectives, restrictions and policies of each client. The general partner of the Firm is GLG Partners Limited and the limited partner is FA Sub 3 Limited both of which are ultimately owned by Man Group plc, which is listed on the London Stock Exchange and is a component of the FTSE 250 Index. Man Group plc, through its investment management subsidiaries (collectively, "Man"), is a global investment management business and provides a range of fund products and investment management services for institutional and private investors globally. As of December 31, 2023, Man had approximately $167.5 billion of assets under management.2 The Firm is doing business as Man Group which represents the marketing/trading name of the Firm. The Firm has full discretionary advisory investment management authority with respect to investment decisions for pooled investment vehicles, including private funds (the "Private Funds") and managed accounts. The Firm also provides sub-advisory services to certain pooled investment vehicles including affiliated private funds (collectively with the Private Funds, (the “Funds”). The Firm's advice with respect to the Funds and managed accounts is made in accordance with the investment objectives and guidelines as set forth in the applicable Fund offering memorandum or the managed account's investment management agreement. Certain clients of the Firm invest in the Funds and those clients have been reflected in responses to these questions as investors in the Funds. “Funds” include one or more funds that the Firm, its affiliates or employees3 have seeded or invested over 25% of the capital of such Funds. Important 1 The business of GLG Partners LP was established in 1995. 2 Man assets under management as stated in the Man Group plc Annual Report include advisory-only assets over which Man has no decision making or trading authority and dedicated managed account platform services for which Man provides platform and risk management services but does not provide investment management services. 3 “Employee(s)” for purposes of this Brochure includes personnel, partners, officers, directors (other than non- executive directors of Man Group plc) and other persons with similar status or performing similar functions. information regarding each Fund and managed account, which includes investment objectives, risks, strategy, fees and other material information, including applicable conflicts of interest is contained in each Fund’s offering documents and in each managed account's investment management agreement, as the case may be. As used herein, the term "client" generally refers to each Fund and each beneficial owner of a managed account. The Firm may offer advisory services to non-discretionary accounts whereby the Firm has on-going responsibility to select or make recommendations, based upon the needs of the client, as to financial instruments the account may purchase or sell and, if such recommendations are accepted by the client, the Firm would be responsible for arranging or effecting the purchase or sale. Certain affiliated advisory firms are considered to be “Participating Affiliates” of the Firm (as that term is used in relief granted by the staff of the Securities and Exchange Commission (“SEC”)) allowing investment advisers registered with the SEC to use portfolio management, research, operations, and trading resources of advisory affiliates and personnel subject to the supervision of an SEC-registered adviser. Professionals from such Participating Affiliates may render portfolio management, research, trading, or other related services to the Firm’s clients and/or the Firm as affiliated “associated persons” of the Firm and are subject to supervision by the Firm. In addition, the Firm may provide portfolio management, research, or other related services to the Participating Affiliates under separate services agreements. Fees may be paid by and received from the parties under these arrangements. The Firm complies with applicable U.S. securities regulations only with respect to its U.S. clients. Man provides a number of centralized functions to the Firm, which includes trading, financing and cash management, risk management, operations, middle office accounting, finance, proxy voting, class actions, human resources, facilities, tax, legal, compliance, information technology, among other such services. The Firm utilizes investment management, research, investment models, trading, client servicing, sales and marketing capabilities of its affiliates in providing services to its clients. In addition to these services, the Firm’s affiliates may utilize its investment management, research, trade execution and other services in providing services to their clients. In some cases, certain of the Firm’s investment personnel may provide investment management services to clients of the Firm as well as clients of one or more of its affiliates. B. Description of Advisory Services Please see Item 8 herein. This Brochure generally includes information about the Firm 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. Important information regarding each fund and managed account, which includes investment objectives, risks, strategy, fees and other material information, including applicable conflicts of interest regarding relationships with affiliates, is contained in each fund’s offering documents and in each managed account's investment management agreement, as the case may be. C. Availability of Customized Services for Individual Clients The Firm's investment decisions and advice with respect to each Fund are subject to the Fund's investment objectives and guidelines, as set forth in its offering documents. Similarly, the Firm's investment decisions and advice with respect to each managed account are subject to each client's investment objectives and guidelines, as set forth in the client's investment management agreement, as well as any written instructions provided by the client to the Firm. A Fund may issue multiple classes, sub-classes, tranches, sub-tranches and/or series (or sub-series) of shares or interests, as applicable, in the future (or enter into "side letter" agreements with certain investor(s) that alter, modify or change the terms of the shares or interests, as applicable, held by the investor(s)), which may differ and may be more favorable from the shares or interests, as applicable, currently offered by the Fund in terms of, among other things, performance compensation, management fee, redemption rights (including redemption dates and notice periods), currency denomination, minimum and additional subscription amounts, informational rights and other rights. New classes, sub-classes, tranches, sub-tranches and/or series (or sub-series) of shares or interests, as applicable, may be issued (or "side letter" agreements may be entered into) by a Fund's board of directors, in its sole discretion, on behalf of the Fund, in consultation with the Firm, without providing prior notice to, or receiving consent from, existing investors. The terms of such classes, sub-classes, tranches, sub-tranches and/or series (or sub- series) or "side letter" agreements will be determined by the board of directors, in its sole discretion, in consultation with the Firm. In general, a Fund will not be required to notify investors upon entering into “side letter" agreements nor will a Fund be required to offer such additional and/or different rights and/or terms to any or all of the other investors. D. Collateralized Loan Obligations The Firm provides investment management services to certain collateralized loan obligation special purpose vehicles (each a "CLO"). Each CLO is a non-U.S. entity that issues rated notes (“Rated Notes”) and non-rated notes (“Equity” and, together with the Rated Notes, “Notes”) under an English law trust deed (a “Trust Deed”). The Notes of each CLO are secured by a portfolio of assets consisting primarily of "Leveraged Loans” (described further below) owned by that CLO and managed by the Firm pursuant to the terms of an investment management agreement between that CLO and the Firm. Investors who wish to obtain exposure to Leveraged Loans and similar investments, including high yield bonds, may do so through purchasing Notes issued directly by the CLOs. Investment management agreements and related Trust Deed documentation contain detailed specifications and requirements regarding the types of Leveraged Loans and other assets the Firm is permitted to acquire on behalf of the CLO and specify the circumstances in which the Firm can purchase and sell assets, as well as the overall composition of the portfolio (diversity, concentration, ratings, etc.). These investment guidelines are generally not tailored to the individualized needs of any particular investor or holder of Notes (each a “Noteholder”). At inception, however, specific asset criteria or portfolio guidelines may be established in consultation with certain key, prospective investors. Generally, prospective investors and Noteholders must independently consider whether a particular CLO meets their investment objectives and risk tolerances prior to investing. In connection with the pre-launch phase of each CLO’s lifecycle, the Firm also acts as investment manager in respect of the “warehouse” assets acquired by that CLO. Generally, such warehouses are expected to be operative for the 6 to 12 month period prior to launch of a CLO, with optionality to extend for a further 12 months, depending upon market conditions. The Firm, its affiliates or funds managed by the Firm or its affiliates as well as one or more prospective Noteholders provide junior financing to such warehouses, with senior financing provided by the CLO underwriter/arranger. In addition, the Firm’s affiliate, GLG LLC, is collateral manager or investment manager to GLG LLC CLOs in which the Firm may invest on behalf of its clients giving rise to potential conflicts of interest. References to CLOs infra include such warehousing arrangements. During the warehouse phase of each CLO, the Firm also acts as “mini-warehouse” provider, pursuant to which it purchases for its own balance sheet a certain portion (generally 5 to 10%) of the assets intended to be held by that CLO on its launch. The assets so purchased are sold onto the relevant CLO upon its launch. This activity is undertaken in order that the Firm is able to comply with applicable regulation requiring it to “originate” a certain portion of each CLO’s asset portfolio. E. Wrap Fee Programs The Firm does not participate in wrap fee programs. F. Assets Under Management The Firm managed approximately $33.7 billion in regulatory assets under management on a discretionary basis as of December 31, 2023.