Invesco Loan Manager LLC

Item 5 - Fees and Compensation

The Funds or their affiliates generally will receive a fee from a CLO that consists of two
components – a base management fee and a performance fee. The rates, calculation method,
and payment method for the Funds’ fees will be set forth in the applicable CLO’s Organizational
Documents.
Fees charged with respect to a CLO will be negotiated with the CLO’s investors prior to any
investment in such CLO. The amount of such fees will be calculated and billed by the trustee or
administrator of the CLO. Full disclosure of these fees will be found in the applicable CLO’s
Organizational Documents, which may include side letter agreements, if any, and may vary
among CLOs. The Funds will not receive a fee from any Warehouse Facility.
With respect to IRRF, IRRF-Euro, ICE 3, ICE 4 and ICE 5, ILM or its affiliates will receive all net
management and performance fees received by the Funds from an Invesco Managed CLO (after
payment of expenses incurred under services agreements with ISSM). Except as provided in the
previous sentence, ILM will not receive any fees from these Funds. With respect to ICE 6, ILM or

its affiliates will receive an investment advisory fee payable per annum in arrears from ICE 6. Full
disclosure of these fees will be found in the applicable Fund’s Organizational Documents.

Other Fees and Expenses

The Funds’ advisory fees will not represent all the expenses that CLOs (and, indirectly, investors)
may pay. The other expenses that Clients may possibly pay will typically fall into two general
categories: (1) organizational expenses in connection with establishing and organizing a Client;
and (2) operational expenses, which include, among other things expenses relating to third party
services, including but not limited to administration, custodian, transfer agent, accounting, audit,
legal and other transaction costs and expenses, including but not limited to transfer fees,
registration costs, bank charges, local fees, pricing services and taxes and duties associated with
investments and investment-related expenses in connection with the pursuit or sourcing of
particular investments and ongoing investment costs. Certain CLO governing documents permit
the Advisers to allocate transaction expenses for broken/dead deals that were not consummated
back to the applicable CLO. The operational expenses Clients will be responsible for paying
include custodial fees, brokerage commissions, and/or other commission equivalents related to
transactions in their advisory accounts.

The Organizational Documents for a Fund or CLO may set forth specific expenses that will (or will
not) be borne by the respective Fund or Client, and the provisions of the Organizational
Documents will supersede this Brochure to the extent of any conflict.

Certain expenses may be incurred on behalf of multiple Clients, and on occasion, an expense may
be incurred on behalf of the Relying Advisers or an affiliate of the Relying Advisers as well as one
or more Clients. To address the potential conflicts of interest associated with the allocation of
such expenses, the Advisers will make any such allocation determination on a fair and equitable
basis using their good faith judgment, notwithstanding their interest (if any) in the allocation, and
as permitted by Client governing documentation. The Advisers have adopted policies and
procedures designed to ensure the equitable allocation of expenses among Clients and, as
applicable, the Funds.

Item 7 - Types of Clients

The Advisers’ Clients include the Funds, each an affiliated entity and relying adviser of ILM.

The Funds, as relying advisers, will provide investment advisory services as collateral managers
to pooled investment vehicles that are structured as CLOs and investments in the Funds and CLOs
generally will be available only to institutional investors and certain high net worth investors that
are “qualified institutional buyers” and “qualified purchasers” or non- “U.S. persons” or, in the
case of employees, “accredited investors” and “knowledgeable employees”, within the meaning
of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended
(the “1940 Act”), as applicable. These CLOs typically will be excepted from registration with the
SEC as investment companies pursuant to Section 3(c)(1) or Section 3(c)(7) of the 1940 Act. The
terms and conditions of each Client account may vary from Client to Client depending on the type
of services provided or the type of client, and these terms and conditions will be negotiated by
the Funds in each case.

The Funds, as relying advisers, will also provide investment advisory services to Warehouse
Facilities.

Certain Clients, such as CLO vehicles, generally impose certain terms and conditions on their
investors as described in more detail in the Organizational Documents. Please note that this
Brochure should not be deemed to be a general solicitation and does not constitute an offer to
sell or a solicitation of an offer to buy any type of interest in any entity advised by the Advisers.
Investors and other recipients should be aware that while this Brochure may include information
about a Client, as necessary or appropriate, it is not a complete discussion of the features, risks
or conflicts associated with a Client. The Organizational Documents for each Client will contain
more complete information about the Client and such offering documents may be provided to
current and eligible prospective investors only by the Advisers or another authorized party. This
Brochure is designed solely to provide information about the Advisers for the purpose of

compliance with certain obligations under the Investment Advisers Act of 1940, as amended (the
“Advisers Act”) and, as such, responds to relevant regulatory requirements under the Advisers
Act, which may differ from the information provided in offering documents for a Client. To the
extent that there is any conflict between discussions herein and similar or related discussions in
any applicable Organizational Document, the Organizational Documents shall govern.