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shareholder servicing fee, as applicable; (vii)taxes; and (viii)extraordinary expenses resulting from events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, including, without be subject to other rulesgoverning such plans, and such plans are not addressed above; fiduciaries of employee benefit plans or similar arrangements which are not subject to ERISA, whether or not subject to the Code, should consult with their to pay their debts on schedule could be affected by adverse interest rate movements, changes in the general economic climate, economic factors affecting a particular industry or specific developments within the companies. Investors should contact their broker or other financial professional for more information about the costs associated with opening such an account. whether the party within the chain of ownership that is legally permitted to make the QEF or mark-to-market election will do so. StepStone partners with its clients to develop and build portfolios designed to meet their specific objectives across private infrastructure, private is an employee of the Fund, for services as a Trustee for the fiscal year ended [ ]. Zachary Woods - Associate, Infrastructure & Real Assets - StepStone heightened concerns of increased tariffs and restrictions on trade between the two countries. registered in its own name will automatically be a participant under the DRIP and have all income dividends and/or capital gains distributions automatically reinvested in additional Shares unless such Shareholder specifically elects to receive all only with respect to distributions after the 30-day period. In other cases, the Advisers may be aware of sales of For purposes of this Notice, an affiliate is an entity that (i)controls SSG, SIRA, SRE, or SPW, (ii)is controlled by SSG, SIRA, SRE, or SPW, or (iii)is under common control with SSG, SIRA, SRE, or local accounting standards and may not accurately reflect the real condition of companies and securities markets. For whom may an investment in our Shares be appropriate? The address of the SECs Internet site is provided solely for the information of prospective investors and is not intended to be an active link.