Trustee Experience/Monitoring

• Churchill Pacific coordinates and supervises all third party administrators.
• Churchill Pacific conducts its own due diligence of trustee services and servicing sites.
• Churchill Pacific reviews and reconciles all portfolio accounting and reports for accuracy.

Compliance Monitoring

• Churchill Pacific utilizes Wall Street Analytics, Inc. as the portfolio management system:
• Compliance with portfolio governing documents and restrictions
• Portfolio risk analysis and compliance levels
• Churchill Pacific maintains a Trading Policies and Procedures Manual.

Valuation

• Third party pricing is received and reviewed regularly for all investment positions.