Stonecastle Advisors LLC

Item 5 – Fees and Compensation

Collateral management fees are disclosed in the offering documents related to each
securitized asset fund. The specific manner in which these fees are charged by StoneCastle
is established in the written agreement between the securitized asset fund and StoneCastle.

                                             StoneCastle Advisors, LLC – Form ADV Part 2A – Page 1

Other potential client fees are negotiated and determined on a case-by-case basis and are
set forth in the related advisory contract.

Collateral management services may be terminated in accordance with the terms outlined
in each respective investment management agreement.

Whether fees are paid in advance or arrears is negotiated and determined on a case-by-case
basis and is set forth in the related advisory contract. Generally, fees paid in advance would
be non‐refundable, but such feature is negotiated and determined on a case-by-case
basis and is set forth in the related advisory contract.

All investors and clients should review the relevant client advisory contract for complete
information on fees and compensation payable to us. Because all of our clients are
“qualified purchasers” as defined in the Investment Company Act of 1940, our fee schedule
is omitted.

Item 7 – Types of Clients

Currently, StoneCastle provides collateral management services to securitized asset funds.

The terms and conditions of client accounts may vary depending on the type of services
provided or the type of client, and these terms and conditions may vary from client to
client. Furthermore, certain clients, such as private investment funds, generally impose
investment minimums for investors in such funds. These investment minimums may be
found in the applicable client documents, and we may reduce or waive such investment
minimums.

                                            StoneCastle Advisors, LLC – Form ADV Part 2A – Page 2