Bret Leas is a director of ABC. Mr. Leas is a Partner and Global Head of Asset-Backed Finance at Apollo. He is also a member of the Board of Directors for Redding Ridge Asset Management, ATLAS SP Partners, and is a member of Apollo’s Leadership Team. Prior to joining Apollo in 2009, Mr. Leas was a Director in the Credit Structuring Group at Barclays. Previously, he was an Associate at Weil, Gotshal & Manges LLP, primarily focusing on asset-backed securities, CDOs and credit derivatives. Mr. Leas graduated cum laude from the University of Maryland with a BA in History and graduated cum laude from Georgetown University Law Center with a JD. He is a member of the Board of Directors for the Wyoming Stock Growers Land Trust and previously served as Chairman of the board of directors of the Make-A-Wish Foundation of Metro and Western New York. We believe Mr. Leas’s extensive experience managing asset-backed finance related transactions across the globe makes him a valuable member of the Board.

Nancy De Liban is a director of ABC, and a Partner of Asset-Backed Finance at Apollo. Prior to joining Apollo in 2012, Ms. De Liban was a Senior Managing Director at Countrywide Financial Corporation, as well as the President of Countrywide Alternative Asset Management. While at Countrywide, Ms. De Liban oversaw non-agency MBS and whole loan trading including all conduit operations. Ms. De Liban was also a member of Countrywide’s Model Validation Committee and was one of the senior managers in charge of Countrywide Commercial Real Estate Finance. Prior to joining Countrywide, Ms. De Liban was Senior Managing Director at Bear Stearns for nearly 15 years, where she was a member of the mortgage team focused on modelling, structuring and trading of structured products and was responsible for numerous structural innovations. She currently serves on the boards of directors of the parent entities of Atlas Securitized Products, Aqua Financial, NewFi Lending, Petros Pace Finance, and ROC Capital, and serves on the USC Marshall Real Estate Advisory Board. Ms. De Liban received her BS in Finance from the University of Southern California. We believe Ms. De Liban’s extensive asset-backed finance product structuring, valuation, and management experience makes her a valuable member of the Board.

Michael Paniwozik is President and a director of ABC, and a Partner, Global Head of Structured Credit Investing at Apollo. Prior to joining Apollo in 2015, Mr. Paniwozik was a Managing Director at Napier Park Global Capital. He began his career in the structured products group at Credit Suisse First Boston. Mr. Paniwozik received a BA in economics from the University of Chicago. He is a member of the Board of Trustees for the New Canaan Library. We believe Mr. Paniwozik's extensive experience in structured credit investing and asset-backed finance strategies makes him a valuable member of the Board.

Stuart Rothstein is Partner and Chief Operating Officer, Real Assets and Asset-Backed Finance of Apollo, and Chair of the Board of Directors of Apollo Realty Income Solutions, Inc. and the CEO, President and a member of the Board of Directors of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI). Since December 2024, Mr. Rothstein has served as President of Apollo Diversified Real Estate Fund ("ADREF") and as Chairman and Trustee of ADREF's board of trustees. Before joining Apollo in 2009, Stuart was Co-Managing Partner of Four Corners Properties, and with KKR Financial Advisors, RBC Capital Markets and the Related Capital Company before that. Stuart began his career at Spieker Properties, where he was later named CFO. Stuart graduated from the Schreyer Honors College at the Pennsylvania State University with a BS in Accounting and received an MBA from the Stanford University Graduate School of Business. He is a member of Penn State Smeal College of Business Board of Visitors and a member of the board of directors and Chair of the Nominating Committee for the JED Foundation. Mr. Rothstein was selected to serve on the Board because of the strategic leadership and business judgment he has demonstrated in his various leadership roles with Apollo and his extensive managerial and executive experience.

Robert Rossitto is the Chief Financial Officer of ABC. Mr. Rossitto is Managing Director, Credit, at Apollo, where he focuses on various business finance areas in Asset-Backed Finance, ACS broker dealer, and Hybrid Value. Prior to joining in 2022, Robert most recently served as Managing Director and Chief Financial Officer of Tilden Park Capital Management, and as Chief Financial Officer of WCG Management before that. Previously, he was a director on the Finance & Accounting team at Dillon Read Capital Management, and a manager at Deloitte & Touche on the Capital Markets team. Robert is a Certified Public Accountant and earned an MS in Finance from Saint Joseph’s University and a BS in Accounting from the University of Delaware.

Daniel Castaline joined Apollo in 2012 and is a Managing Director in Apollo’s Asset Backed Finance business. He is a member of the ABF Portfolio Management Team, and he serves as the business lead for the Apollo Asset Backed Credit Company (“ABC”). Previously, Dan focused on investing in and trading CLOs and ABS across the Apollo platform. Prior to joining Apollo, Dan was a member of the structured credit team at Stone Tower Capital, a credit investment manager acquired by Apollo, and began his career in the structured credit origination group at Wachovia Securities.

Dan graduated with honors from Harvard College with a BA in Economics.

Bret Leas is a director of ABC. Mr. Leas is a Partner and Global Head of Asset-Backed Finance at Apollo. He is also a member of the Board of Directors for Redding Ridge Asset Management, ATLAS SP Partners, and is a member of Apollo’s Leadership Team. Prior to joining Apollo in 2009, Mr. Leas was a Director in the Credit Structuring Group at Barclays. Previously, he was an Associate at Weil, Gotshal & Manges LLP, primarily focusing on asset-backed securities, CDOs and credit derivatives. Mr. Leas graduated cum laude from the University of Maryland with a BA in History and graduated cum laude from Georgetown University Law Center with a JD. He is a member of the Board of Directors for the Wyoming Stock Growers Land Trust and previously served as Chairman of the board of directors of the Make-A-Wish Foundation of Metro and Western New York. We believe Mr. Leas’s extensive experience managing asset-backed finance related transactions across the globe makes him a valuable member of the Board.

Nancy De Liban is a director of ABC, and a Partner of Asset-Backed Finance at Apollo. Prior to joining Apollo in 2012, Ms. De Liban was a Senior Managing Director at Countrywide Financial Corporation, as well as the President of Countrywide Alternative Asset Management. While at Countrywide, Ms. De Liban oversaw non-agency MBS and whole loan trading including all conduit operations. Ms. De Liban was also a member of Countrywide’s Model Validation Committee and was one of the senior managers in charge of Countrywide Commercial Real Estate Finance. Prior to joining Countrywide, Ms. De Liban was Senior Managing Director at Bear Stearns for nearly 15 years, where she was a member of the mortgage team focused on modelling, structuring and trading of structured products and was responsible for numerous structural innovations. She currently serves on the boards of directors of the parent entities of Atlas Securitized Products, Aqua Financial, NewFi Lending, Petros Pace Finance, and ROC Capital, and serves on the USC Marshall Real Estate Advisory Board. Ms. De Liban received her BS in Finance from the University of Southern California. We believe Ms. De Liban’s extensive asset-backed finance product structuring, valuation, and management experience makes her a valuable member of the Board.

Michael Paniwozik is President and a director of ABC, and a Partner, Global Head of Structured Credit Investing at Apollo. Prior to joining Apollo in 2015, Mr. Paniwozik was a Managing Director at Napier Park Global Capital. He began his career in the structured products group at Credit Suisse First Boston. Mr. Paniwozik received a BA in economics from the University of Chicago. He is a member of the Board of Trustees for the New Canaan Library. We believe Mr. Paniwozik's extensive experience in structured credit investing and asset-backed finance strategies makes him a valuable member of the Board.

Stuart Rothstein is Partner and Chief Operating Officer, Real Assets and Asset-Backed Finance of Apollo, and Chair of the Board of Directors of Apollo Realty Income Solutions, Inc. and the CEO, President and a member of the Board of Directors of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI). Since December 2024, Mr. Rothstein has served as President of Apollo Diversified Real Estate Fund ("ADREF") and as Chairman and Trustee of ADREF's board of trustees. Before joining Apollo in 2009, Stuart was Co-Managing Partner of Four Corners Properties, and with KKR Financial Advisors, RBC Capital Markets and the Related Capital Company before that. Stuart began his career at Spieker Properties, where he was later named CFO. Stuart graduated from the Schreyer Honors College at the Pennsylvania State University with a BS in Accounting and received an MBA from the Stanford University Graduate School of Business. He is a member of Penn State Smeal College of Business Board of Visitors and a member of the board of directors and Chair of the Nominating Committee for the JED Foundation. Mr. Rothstein was selected to serve on the Board because of the strategic leadership and business judgment he has demonstrated in his various leadership roles with Apollo and his extensive managerial and executive experience.

John Chrystal has served on the board of directors of Gen Digital (NASDAQ: GEN) since 2025. Previously, Mr. Chrystal has served as a director of MoneyLion Inc. (NYSE: ML) from 2016 through its acquisition by GEN in 2025, including serving as the Chairman of the board of directors beginning in 2021. Mr. Chrystal has also served as a director of Regatta Loan Management LLC since 2015. Previously, from June 2013 until February 2022, he served as a director of The Bancorp, Inc. and its subsidiaries, including serving as Vice Chairman beginning in April 2017. He also served as Interim Chief Executive Officer of The Bancorp, Inc. and President of The Bancorp Bank from December 2015 through May 2016. Mr. Chrystal also previously served as a director of numerous special purpose acquisition companies, including Insurance Acquisition Corp from 2019 to 2020, Insurance Acquisition Corp II from 2020 to 2021, Insurance Acquisition Corp III from 2020 to 2022, and MCAP Acquisition Corp in 2021, and as a director of the Trust for Advised Portfolios from 2010 to 2022. Mr. Chrystal was also an advisor to Monroe Capital LLC and its affiliated funds from 2017 to 2022, a Managing Member of Bent Gate Advisors, LLC from 2009 to 2012, a Founding Partner  of DiMaio Ahmad Capital from 2005 to 2008, and a Managing Director with Credit Suisse entities, with oversight of asset management and financial products functions, in varying roles from 1993 to 2005. Mr. Chrystal received an MBA from The University of Chicago and an undergraduate degree from Iowa State University. We believe Mr. Chrystal's extensive experience in the financial services industry and his prior track record as a senior executive and director make him well qualified to serve on the Board.

James Simmons is Chief Executive Officer and Founding Partner of Asland Capital Partners since 2019, serving as head of its investment committee with oversight over the day-to-day operations of the firm. Mr. Simmons has over two decades of real estate investment experience across the public and private sectors. Prior to founding Asland Capital Partners, Mr. Simmons was a Partner at Ares Management, where he led the Ares Domestic Emerging Markets Fund, and was previously a Partner at Apollo Real Estate Advisors. Mr. Simmons was also previously president and CEO of the Upper Manhattan Empowerment Zone Development Corporation and held prior roles at Bankers Trust and Salomon Smith Barney. Mr. Simmons currently serves on the Board of Directors of Regency Centers Corporation (NASDAQ: REG), and the Board of Directors of ScionHealth. Mr. Simmons received a B.S. from Princeton University, an M.S. from the Virginia Polytechnic Institute and State University and a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management. We believe Mr. Simmons' extensive background in business and investing in public and private companies makes him well qualified to serve on the Board.

Thomas Marano has served as the Chief Operating Officer of The Chotin Group Corporation, a family office that invests in CRE and diversified marketable securities, since November 2023. From January 2020 to November 2023, Marano was the Managing Member of OldePike Associates, a consulting company focused on mortgage, finance, and the hospitality industry. Mr. Marano served as the Chief Executive Officer and President of Ditech Holding Corp. from April 2018 through October 2019, and as a director and Chairman of the board of directors from February 2018 through October 2019, where he led the sale of Ditech assets to New Residential Investment Corp. via a structured bankruptcy. From November 2014 to August 2017, Mr. Marano served as Chief Executive Officer of Intrawest Resorts Holdings, Inc. Prior to Intrawest Resorts, Mr. Marano was the Managing Member of OldePike Associates LLC, a mortgage consulting business, from 2013 to 2014. From 2009 until 2013, Mr. Marano served as Chief Executive Officer of Mortgage Operations, Chief Capital Markets Officer, and Chief Executive Officer and Chairman of GMAC ResCap, Inc. for GMAC, Inc./Ally Financial, Inc. From 2008 until 2009, Mr. Marano served as a Managing Director at Cerberus Capital Management, LLC, where he consolidated commercial and residential mortgage trading operations and helped establish a mortgage fund. Until 2008, Mr. Marano worked at Bear Stearns & Co. Inc. for 25 years as a trader and ultimately as the U.S. and Global Head of Mortgage-Backed and Asset-Backed Securities. Mr. Marano serves as a director of the board of Lynx IMB, owner of an independent mortgage company, since March 2024. Mr. Marano holds a bachelor’s degree from Columbia College. We believe Mr. Marano's extensive experience in compliance and regulatory matters makes him well qualified to serve on the Board.

Robert Kasdin has served as Senior Executive Vice President of Columbia University since August 2025. Mr. Kasdin also previously served in this role from September 2002 to June 2015. From July 2015 to July 2022, Mr. Kasdin served as Senior Vice President and Chief Operating Officer of Johns Hopkins Medicine and from 2018 to July 2022 also as Chief Financial Officer of Johns Hopkins Medicine. Mr. Kasdin also served as the Executive Vice President and Chief Financial Officer of the University of Michigan from 1997 to 2002. Before his service at the University of Michigan, he was the Treasurer and Chief Investment Officer for the Metropolitan Museum of Art in New York City from 1993 to 1997, and, from 1988 to 1992, served as Vice President and General Counsel for Princeton University Investment Company. He began his career as a corporate attorney at Davis Polk & Wardwell LLP. Mr. Kasdin has also served as a director of Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) since April 2014, a director of the Harbor Funds since January 2014, a trustee of Barnard College since July 2023. From February 2008 to March 2014, Mr. Kasdin served as a member of the board of directors of Noranda Aluminum Holding Corporation (NYSE: NOR). Mr. Kasdin earned his A.B. from Princeton University and his J.D. from Harvard Law School. We believe Mr. Kasdin's senior executive roles and multidisciplinary finance, legal, and governance experience make him well-qualified to serve on the Board.