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Investor Presentaiton

Overview of Adviser: BSP Platform Overview ($ in billions, where applicable) Benefit Street Partners ("BSP") is a leading global alternative investment manager with a credit focus. FRANKLIN BSP LENDING CORP $76bn 413 ASSETS UNDER MANAGEMENT1 7 EMPLOYEES² OFFICES² 173 INVESTMENT PROFESSIONALS2 15 YEARS OF CREDIT INVESTING Structured Credit/Multi- Strategy4, $6.8 Commercial Real Estate, $8.3 Liquid High Yield³, $8.2 $76 billion Total AUM 1,2 Private Debt - Direct Lending, $25.2 Special Situations, $3.1 Collateralized Loan Obligations, $24.6 PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ANY INVESTMENT INVOLVES SIGNIFICANT RISKS, INCLUDING LOSS OF THE ENTIRE INVESTMENT. Note: Please see disclaimer at the end of the presentation for additional information. 1 AUM refers to the assets under management for all credit funds and separately managed accounts managed and administered by BSP. AUM amounts are approximations as of June 30, 2023 and are unaudited. Certain amounts are preliminary and remain subject to change. 2 As of June 30, 2023. Includes Franklin Templeton team members who dedicate substantially all their time to BSP / Alcentra products 3 Includes High Yield, Loans, and Multi Credit strategies 4 Excludes assets within multi-credit mandates that the Structured Credit team manages. Approximately $100m of third-party US CLO assets managed as a part of a broader diversified portfolio excluded from Structured Credit assets. BENEFIT STREET 13 NERS
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