EFTA01370096

RIN Portfolio Liquidity RIN's Markit Liquidity Score is comparable to the average BSL Markit Liquidity Score Markit Liquidity Scores: RIN, Broadly Syndicated Loan (BSL), and Middle Market (MM) Percentage of Portfolio (%) RIN BSL MM Liquidity Score: 3.151 2 2.14 3 4.18 ■ Liquidity Score 5 Liquidity Score 4 ▪ Liquidity Score 3 ■ Liquidity Soore 2 ■ Liquidity Score 1 Note: Markit Liquidity Scores are on a scale of 1 (Most Liquid) to 5 (Least Liquid). (1) Represents RIN Liquidity Score of Target Portfolio. Liquidity Scores as provided by Markit as of January 17, 2018. Loans in the Target Portfolio that are not listed by Markit are assumed to have a Liquidity Score of 5. (2) Source: Morgan Stanley Research. Represents the average Liquidity Score of all BSL CLOs currently outstanding as of December 31, 2017. (3) Source: Morgan Stanley Research. Represents the average Liquidity Score of all MM CLOs currently outstanding as of December 31. 2017. Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity March 2018 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062696 CONFIDENTIAL SDNY_GM_00208880 EFTA01370096