Mount Logan Capital Acquires Yieldstreet Assets, Expected to Increase Over $100 Million

Mount Logan Capital announced that Opportunistic Credit Interval Fund entered into definitive agreements to acquire the assets of Yieldstreet Alternative Income Fund. In addition to the Asset Acquisition, MLM entered into a Transition Services Agreement with Willow Asset Management, the advisor of YS AIF, for access to the books and records of YS AIF. The Asset Acquisition is expected to increase SOFIX's assets by over $100 million, nearly doubling the fund's size. Mount Logan estimates the transaction could generate $2.8 million or more of incremental annual fee-related earnings, representing more than 30% of Mount Logan's trailing twelve-month FRE as of December 31, 2025. We expect the transaction to be immediately accretive to Mount Logan's FRE upon closing. SOFIX and YS AIF have entered into an Agreement and Plan of Reorganization whereby SOFIX will acquire the assets and non-discharged liabilities of YS AIF at the closing net asset value in exchange for newly issued shares of beneficial interests of SOFIX. The Board of Trustees of SOFIX and the Board of Directors of YS AIF each have unanimously approved the Asset Acquisition. The Asset Acquisition is intended to be treated as a tax-free reorganization for YS AIF's shareholders. The Asset Acquisition is subject to certain regulatory approvals and approvals by the holders of a majority of the outstanding shares of YS AIF, in addition to other customary closing conditions, including a registration statement being declared effective by the United States Securities and Exchange Commission relating to the shares of beneficial interest of SOFIX being issued to the shareholders of YS AIF in the Asset Acquisition. The transaction does not require a vote of SOFIX shareholders to be completed. Subject to the requisite approval by YS AIF shareholders and the satisfaction of customary closing conditions, the transaction is currently expected to be completed in late Q2 or Q3 2026. In addition, in light of the proposed Asset Acquisition, effective immediately, YS AIF has suspended the offering of its shares for sale. However, the automatic dividend reinvestment plan will continue to operate for shareholders of YS AIF who have elected to participate in the automatic dividend reinvestment plan. MLM and Willow Wealth have entered into a two-year Transition Services Agreement whereby MLM will receive access to certain books and records of YS AIF following the closing of the Asset Acquisition in exchange for $2 million in cash and $1 million in newly issued common stock of MLCI at Closing, and up to $2 million in aggregate additional cash consideration paid ratably and quarterly over two years subject to certain requirements. The $1 million in newly issued common stock will be subject to lock-up provisions.