Risk Factors Update Summary

• Investments in Structured Finance Securities are more likely to suffer a loss in the event of default.
• Increased market volatility due to ongoing conflicts in Ukraine and the Middle East.
• Failure to maintain asset coverage ratios may lead to downgrades or inability to meet dividend requirements.
• Change in reporting date from December 31, 2022, to December 31, 2023.
• Potential adverse changes due to the Russian-Ukraine war, including global supply chain disruptions.
• Potential adverse effects on the financial markets due to elevated interest rates and high inflation rates.
• Transition from LIBOR to Benchmark Rate may cause additional costs and documentation changes.
• Non-compliance with data protection regulations could result in penalties up to 4% of annual worldwide turnover.
• Potential significant market disruptions due to geopolitical, economic, and financial market instability.
• Change in reporting date from December 31, 2023, to December 31, 2024.
• Potential mismatch in rates could impact interest payments, especially with 3-month term SOFR.
• Cybersecurity risks have increased, with a focus on incident detection and technology reliance.
• NAV per share decreased from $13.47 to $12.09 as of December 31, 2023.
• Terrorist activities, acts of war, or natural disasters may disrupt operations and global economies.