Net Asset Value (NAV) is the per-share value of a fund’s assets, minus its liabilities. The Yieldstreet Alternative Income Fund uses NAV to determine the per-share value of the Yieldstreet Alternative Income Fund’s shares. NAV is determined by dividing the difference between the Yieldstreet Alternative Income Fund ’s total assets and liabilities by the number of shares outstanding.

The formula for NAV is:

NAV = (Assets – Liabilities) / Total number of outstanding shares

For the Yieldstreet Alternative Income Fund, the NAV will be determined on at least a quarterly basis, as well as when the Fund is reopened for shareholder subscriptions.*

*We expect to determine the net asset value per share of the Fund’s common stock by dividing the value of its investments, cash and other assets (including interest accrued but not collected) minus all liabilities (including accrued expenses, borrowings and interest payables) by the total number of shares of the Fund’s common stock outstanding on a quarterly basis. The most significant estimate inherent in the preparation of our financial statements likely will be the valuation of investments and the related amounts of unrealized appreciation and depreciation of investments recorded. There generally is no single method for determining fair value in good faith. As a result, determining fair value usually requires that judgment be applied to the specific facts and circumstances of each investment while employing a consistently applied valuation process for the types of investments the Fund makes. We will be required to specifically determine the fair value of each individual investment on a quarterly basis.