The Alternative Income Fund’s current annualized distribution rate is 8.7%.*

Distributions are expected to be made quarterly, subject to the authorization of the Fund’s Board of Directors.

* Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by the Fund's prior quarter-end net asset value ("NAV") and annualizing the resulting quotient. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.