We intend to focus our search on businesses within the asset management industry that we believe provide significant opportunities for growth and attractive investor returns.

James Morrow, our chairman and CEO, is the founder and CEO of Callodine Group LLC, an asset management firm that specializes in yield-oriented investment strategies. Callodine, founded in 2018, has about $700 million of assets under management. Before founding Callodine, Mr. Morrow was a portfolio manager at Fidelity Investments where, at peak, he managed $40 billion of assets across multiple equity-income strategies, including upwards of $1 billion invested in alternative asset managers. He announced his retirement in February 2017 and remained with the firm through January 2018 as he transitioned all portfolio management responsibilities to his successors.