BAM Credit and Insurance Solutions Advisor LLC

ITEM 5 – FEES AND COMPENSATION

Management Fees. As compensation for the services it provides to a Client Account, BAM CISA
is generally entitled to an annual base management fee that is typically calculated based upon a
percentage of the market value of assets under management in the relevant Client Account and
paid quarterly in arrears. Overall fees are negotiated individually, may vary by Client Account,
and are determined in accordance with the applicable Governing Documents. BAM CISA reserves
the right to apply different fee and expense arrangements to clients on an individual basis, and
since fees are negotiable, Client Accounts with similar investment objectives or strategies could
pay different fees. Brookfield will also receive indirect performance-based compensation, as
described in Item 6, and may, in the future, receive performance-based compensation directly.

Operating Expenses. In addition to the fees above, each Client Account is generally responsible
for other fees and expenses related to its account, including custodial fees, brokerage fees,
brokerage commissions, and other transaction costs related to the trading and investment
activity of the applicable Client Account as determined by BAM CISA and as discussed more fully
under “Brokerage Practices” in Item 12. Client Accounts may also incur withholding and other
taxes in connection with investments in their accounts.

Other Compensation. As set out in more detail in “Affiliated Services and Transactions” in Item
10 below:

   •    Brookfield may make available certain discount programs to its employees as a result of
        Brookfield’s relationship with an investment, which discounts are not available to the
        Brookfield Accounts;

   •    Brookfield has and will be retained to perform services for a Brookfield Account or a
        portfolio investment of a Brookfield Account that would otherwise be provided by third
        parties, and will charge the relevant Brookfield Account or portfolio investment for such
        services;

   •    Certain portfolio investments of Brookfield Accounts will provide services to, receive
        services from, or participate in transactions or other arrangements with, Brookfield and
        its affiliates (including other portfolio investments owned by Brookfield, Brookfield
        Accounts or noncontrolled affiliates); and

   •    Brookfield (or other Brookfield Accounts or businesses) will from time to time make
        equity or other investments in companies or businesses that provide services to or
        otherwise contract with a Brookfield Account and/or its portfolio investments.

Certain Brookfield subsidiaries, including Brookfield Private Advisors LLC (“BPAL”), a limited
purpose broker‐dealer that is registered with the SEC and is a member of the Financial Industry

Brookfield Asset Management Insurance and Credit Solutions Advisor LLC                     5

Regulatory Authority, Inc. (“FINRA”); Brookfield Private Wealth LLC, a limited purpose broker-
dealer that is registered with the SEC and is a member of FINRA; Brookfield Private Capital (UK)
Limited, which is authorized and regulated by the United Kingdom’s Financial Conduct Authority;
Brookfield Singapore Pte. Ltd., which is an exempt Financial Advisor authorized and regulated by
the Monetary Authority of Singapore; Brookfield Advisors (Hong Kong) Limited, which is
authorized and regulated by the Hong Kong Securities and Futures Commission; and Brookfield
Investment Management (Canada) Inc., which is authorized as a dealer under applicable
Canadian regulations, solicit prospective investors for the Brookfield Accounts and as a result,
their representatives generally receive compensation in connection with the sale of interests in
a Brookfield Account.

The compensation paid to such representatives will be from Brookfield and not from Brookfield
Accounts or any investors in Brookfield Accounts. The amount of such compensation will vary
based on a number of different factors, including the amount of interests in a Brookfield Account
that have been sold by such representative. As a result of such arrangements, such
representatives have a financial interest in promoting interests in Brookfield Accounts. In
addition, the compensation that such representatives receive in respect of the sale of the
interests in a Brookfield Account may be higher than the compensation that they would receive
in respect of the sale of other (including similar) products or services, which may give such
representatives an incentive to promote the interests in a Brookfield Account over other
(including similar) products or services. Potential clients should therefore be aware that there
are financial and other interests that incentivize such representatives to promote certain
Brookfield Accounts and related interests. The considerations set forth above are similar (and in
certain instances may be heightened) in the event Brookfield retains a third-party placement
agent to market interests in a Brookfield Account.

Brookfield pays its affiliates that solicit prospective investors for the Brookfield Accounts out of
its profits, and such payments do not increase the fees paid by the Brookfield Accounts’ investors.
BAM CISA is not a broker‐dealer and does not charge commissions or markups in addition to its
investment advisory fees.

Underlying Accounts. Client Accounts will generally bear their pro rata share of management
fees of Brookfield Accounts in which they invest in addition to the management fees described
above. Brookfield Accounts also generally bear all of their operating expenses, including legal,
organizational, offering expenses and other expenses, and each investor in a Brookfield Account
bears its pro rata portion of these expenses, as set out in more detail in “Allocation of Costs and
Expenses” in Item 10 below. Therefore, Client Accounts will bear their pro rata share of
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ITEM 7 – TYPES OF CLIENTS

Client Accounts include insurance and reinsurance companies that are owned by BWS, Cedent
Accounts, third-party insurance and reinsurance companies and other institutional clients.