EFTA Document EFTA01433961

Subject: RE: RIN follow up From: Vahe Stepanian Date: Thu, 19 Apr 2018 17:53:03 -0400 To: Paul Barrett Cc: Stewart Oldfield Paul- Apologies for the delayed response - had a bit of a crazy day here. Answers to your questions: Are the loans on completed infrastructure projects or more like construction loans? o The RIN team is focused on investing in loans secured by operational infrastructure projects. RIN II will have concentration limitations that require 85% of the portfolio to be