Invesco Senior Secured Management Inc

Item 5 - Fees and Compensation
The following discussion represents basic compensation arrangements for ISSM. The fee
arrangements with clients can vary depending on a variety of factors such as the structure of the
fund or vehicle, the size of the account, the investment strategy and the client strategy. ISSM
typically receives fees for services based on a percentage of the amount of assets or capital
commitments in the client’s account, which are referred to as “asset-based fees.” Fees are
generally in an amount equal to a percentage of the net assets of the Client account or
percentage of invested capital as applicable that is assessed according to the current fee schedule
set forth in the applicable investment management agreement or within the fund governing
documents, which can include side letter agreements, if any, and may vary among Clients.
Certain clients also have performance-based fees which are described in further detail in Item 6

Item 7 - Types of Clients

ISSM provides investment advisory services to privately placed pooled investment funds,
including CLOs, co-investment vehicles as well as registered funds (onshore and offshore), ETFs
and SMAs. ISSM views the Funds to which it provides investment advisory services as its Fund
Clients. ISSM’s SMAs are established to provide investment advisory services to a range of
institutional and private clients, including, but not limited to, banking institutions, insurance
companies, pension and profit-sharing plans, charitable organizations and corporations.

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 are negotiated by
ISSM in each case. Furthermore, certain Clients, such as private investment funds and CLO
vehicles, generally impose certain terms and conditions on their investors as described in more
detail in the Fund’s or CLO’s offering 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 ISSM. Investors and other recipients should be aware that while this brochure may
include information about a private investment Fund or CLO vehicle, as necessary or appropriate,
it is not a complete discussion of features, risks or conflicts associated with the Fund or CLO
vehicle. The private placement memorandum or other offering documents for each private
investment Fund or CLO vehicle contain more complete information, and such offering
documents may be provided to current and eligible prospective investors only by ISSM or other
authorized party. This brochure is designed solely to provide information about the investment
advisory services offered by ISSM 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 Fund or CLO vehicle. To the extent that there is any conflict
between discussions herein and similar or related discussions in any Client governing documents,
the Client’s governing documents shall govern.

Account Minimums

The minimum account size for SMAs is typically $150 million of assets under management. ISSM
has the discretion to waive the account minimum. SMAs with assets below the minimum account
size may pay a higher percentage rate on their annual fees than the fees paid by SMAs with
greater assets under management. For Fund Clients, the minimum investment amounts vary
depending on the fund. ISSM has the discretion to waive these minimums.