Silvermine Capital Management

Silvermine Capital Management LLC is an investment adviser registered with the SEC since September 2009. The firm specializes in offering investment advisory services to issuers of collateralized loan obligations (CLOs). It was formed as a Delaware limited liability company on January 13, 2005, with its place of business in New York, New York, USA. The firm is wholly owned by Man Investments Holdings Inc., an indirect wholly owned subsidiary of Man Group plc, a global investment management business listed on the London Stock Exchange. As of December 31, 2024, Man Group plc had approximately $168.6 billion of assets under management. Silvermine operates under the marketing name of Man Group and provides investment advisory and research services on behalf of an affiliate, GLG LLC. The firm's investment strategy focuses on proactive credit discipline based on detailed credit analysis, primarily emphasizing Leveraged Loans. Silvermine does not participate in wrap fee programs and manages approximately $256.6 million in regulatory assets under management on a discretionary basis as of December 31, 2024. The firm's fee schedule is determined on a case-by-case basis and is generally subject to waiver or reduction at the firm's discretion. Clients are encouraged to review the firm's reports and communications in their entirety. Silvermine Capital Management LLC does not have custody of clients' assets and does not pay compensation for client referrals. The firm has full investment discretion for buying and selling investments on behalf of clients, subject to constraints specified in the applicable agreements. The firm generally does not trade in equities where proxy voting would be applicable, but exercises voting rights with respect to leveraged loans in the best financial interests of its clients. The firm has not been the subject of a bankruptcy petition in the past ten years and has no financial condition likely to impair its ability to meet contractual commitments to clients.