Maple Rock Capital Partners Inc., a Canada corporation (the “Investment Manager” or “Maple Rock”), was formed in April 2014 and has its head office in Toronto, Ontario. The Investment Manager launched its pooled investment vehicles and commenced operations as an investment adviser in January 2015. The sole owner of the Investment Manager is Three Sisters Holdings Inc., an Ontario corporation (“Three Sisters”). Xavier Majic is the founder and Chief Investment Officer of the Investment Manager and the sole owner of Three Sisters. The Investment Manager provides discretionary investment advice to pooled investment vehicles (the “Funds”). The Funds are currently organized as a master-feeder structure with each of Maple Rock US Fund LP, a Delaware limited partnership (the “Onshore Fund”); and Maple Rock Offshore Fund LP, a Cayman Islands limited partnership (the “Offshore Fund” and together with the Onshore Fund, the “Feeder Funds”); investing substantially all of their assets in Maple Rock Master Fund LP, a Cayman Islands limited partnership (the “Master Fund”). Each Fund is governed by a limited partnership agreement or similar governing document (each, a “Fund Agreement”) that specifies the investment guidelines and investment restrictions applicable to the Fund. In addition, investors in each Fund (“Investors”) are provided with a confidential offering memorandum prior to their investment, which contains information regarding the intended investment program for such Fund. Affiliates of the Investment Manager serve as the general partners of the Funds (the “General Partners”). The General Partners are under common control with, and are related persons of, the Investment Manager. The General Partners retain management authority over the business and affairs of the Funds but have delegated the responsibility of managing the Master Fund’s investment portfolio to the Investment Manager. This Brochure sometimes refers to the General Partners and the Investment Manager, together with their management affiliates, as “Maple Rock.” In the future,

Maple Rock may provide investment advisory services to additional private funds, including feeder funds to the Master Fund. Maple Rock pursues a value-oriented and opportunistic strategy focused on compounding capital at high rates of return with lower volatility and risk to principal than usually associated with equity markets. Please see Item 8 of this Brochure for a more detailed description of Maple Rock’s investment strategy, methods of analysis, and the types of securities Maple Rock will generally invest in and the material risks of loss. The Investment Manager has full discretionary authority to manage the Funds. Among other things, this means that the Investment Manager is authorized to make purchase and sale decisions for the Funds. The Investment Manager has wide latitude in choosing investments and trading activities. Although the Investment Manager intends to pursue the strategy and processes described in the Fund Agreements, such agreements do not expressly require it to do so. The Fund Agreements specify certain investment limitations that are intended to limit the Funds’ risk exposure. Maple Rock does not tailor its advisory services to the individual needs of Investors and does not accept Investor-imposed investment restrictions on the Master Fund. Notwithstanding the above, Maple Rock and/or the Funds could enter into side letter agreements (“Side Letters”) that provide some Investors with additional and/or different substantive rights or terms than those described in the Funds’ confidential offering memorandum. Maple Rock has not and will not enter into Side Letters that provide Limited Partners with different management fees, incentive fees or allocations, liquidity, and/or transparency terms than those described in the Funds’ confidential offering memorandum. Maple Rock will provide letters to Investors that confirm its existing policies. As of December 31, 2023, the Investment Manager had approximately $2,428,438,320 of client regulatory assets under management, all of which is managed on a discretionary basis.