Individual Retirement Account (IRA) Packet

This packet contains:• Oaktree Diversified Income Fund, Inc. IRA Application• U.S. Bank, N.A. IRA Custodian Application
Both applications must be completed, signed and returned to U.S. Bank Global
Fund Services to establish your IRA.

Regular Mail:
Oaktree Diversified Income Fund, Inc.
c/o U.S. Bank Global Fund Services
PO Box 701
Milwaukee, WI 53201-0701

Overnight Delivery:
Oaktree Diversified Income Fund, Inc.
c/o U.S. Bank Global Fund Services
615 E. Michigan St., FL 3
Milwaukee, WI 53202-5207

For additional information please call toll-free 855-862-5873
or visit us on the web at www.brookfieldoaktree.com.

IRA Application
In compliance with the USA PATRIOT Act, all financial institutions (including mutual funds) are required to obtain, verify and record the following
information for all registered owners or others who may be authorized to act on an account: full name, date of birth, Social Security number andpermanent street address. This information will be used to verify your true identity. We will return your application if any of this information is missing,
and we may request additional information from you for verification purposes. In the rare event that we are unable to verify your identity, the Fundreserves the right to redeem your account at the current day’s net asset value.

1 Type of IRA
If no tax year is indicated, we will assume it is for the current tax year. Refer to disclosure statement for eligibility requirements andcontribution limits.

Choose ONE of the following account types:

 Traditional IRA
 For tax year ____________
 IRA to IRA Transfer - please complete an IRA Transfer Form.
 Rollover - you have receipt of your funds.
 Inherited IRA *- Name of Decedent__________________________ Date of Death___________ Date of Birth___________
 IRA Rollover Rollover IRA to Rollover IRA
 Direct Rollover from qualified plan – complete any additional form(s) required by your Plan Administrator.

Please check the type of qualified plan: Corporate  Pension  Profit Sharing Plan  401(k)  403(b)  Other _________________________

 ROTH IRA
 For tax year ____________
 Roth IRA to Roth IRA Transfer (please complete IRA Transfer Form) Traditional IRA Conversion to Roth IRA – year of conversion ________ in which Traditional IRA was converted to Roth IRA
 Rollover from Roth IRA (shareholder had receipt of funds) Inherited Roth IRA* - Name of Decedent________________________Date of Death___________ Date of Birth___________ SEP (Simplified Employee Pension Plan) – Each employee must complete an IRA Application.
 Contribution
 Transfer from another SEP IRA
 Rollover (shareholder had receipt of funds)
 SIMPLE IRA (Be sure to complete SIMPLE IRA Plans section)
 Contribution
 Transfer from another SIMPLE IRA
 Rollover (shareholder had receipt of funds)*If the Inherited IRA is opened in the name of a trust or the decedent’s estate, additional documentation may be required.

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2 Investor Information
FULL LEGAL FIRST NAME*

M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)

SOCIAL SECURITY NUMBER*If a full legal first name is not provided, a copy of a government issued document is required to accompany this application.

3 Address
Permanent Street Address

Residential Address or Principal Place of Business - Foreign addresses and PO
Boxes are not allowed.

STREETCITY

DAYTIME PHONE NUMBER

STATE

Mailing Address* (if different from Permanent Address)

If completed, this address will be used as the Address of Record for all statements,
checks and required mailings. Foreign addresses are not allowed.

APT / SUITESTREET

ZIP CODECITY* A PO Box may be used as the mailing address.

APT / SUITESTATEZIP CODEEVENING PHONE NUMBER

E-MAIL ADDRESS

Duplicate Statement #1

Duplicate Statement #2

COMPANY NAMECOMPANY NAME

NAME

NAME

Complete only if you wish someone other than the account owner(s) to receive
duplicate statements.

STREET

CITY

STATE

Complete only if you wish someone other than the account owner(s) to receive
duplicate statements.

APT / SUITESTREET

ZIP CODECITY

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APT / SUITESTATEZIP CODE

4 Investment Options
 By check: Make check payable to the Oaktree Diversified Income Fund, Inc.

	
Note: All checks must be in U.S. Dollars drawn on a domestic bank. The Fund will not accept payment in cash or money orders. The Fund does
not accept post dated checks or any conditional order or payment. To prevent check fraud, the Fund will not accept third party checks, Treasury
checks, credit card checks, traveler’s checks or starter checks for the purchase of shares.

 By wire: Call 855-862-5873.

Note: A completed application is required in advance of a wire.

 By transfer: Due to rollover or beneficiary payout.

Note: Completion of IRA Transfer Form or Beneficiary Payout Form is required.

Investment Amount$25,000 Minimum - Class DOaktree Diversified Income Fund Inc.
Class D 6396$

5 Telephone Options
You have the ability to make telephone purchases* or exchanges per the prospectus by checking the box below.
See the prospectus for minimum and maximum amounts.
* You must provide bank instructions and a voided check or savings deposit slip in the Bank Information section.

 I accept telephone transaction privileges.
Should you wish to add the options at a later date, a signature guarantee may be required. Please refer to theprospectus or call our shareholder services department for more information.

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67 Bank
Bank Information
Information
If you selected any
options which requirebanking information,please attach a voided
check or preprinted
savings deposit slip.
We are unable to debit
or credit mutual fundor pass-through (“forfurther credit”) accounts.
Please contact yourfinancial institution
to determine if it
participates in the
Automated Clearing
House System (ACH).

John Doe
Jane Doe
123 Main St.
Anytown, USA 12345

53289

D
I
O
V

Pay to the order of _____________________________________________________ $ ___________________________________________________________________________________________DOLLARS

Memo___________________________

Signed_________________________________________

Note: There is a $15 feefor next day wire andno fee for ACH (transfer
takes 2-3 days).

7 Beneficiary Information | If you need more space, please enclose a separate sheet of paper.
Primary
NAME

NAME

NAME

 Spouse Non Spouse Spouse Non Spouse Spouse Non Spouse

Secondary
NAME

NAME

NAME

 Spouse Non Spouse Spouse Non Spouse Spouse Non Spouse

SOCIAL SECURITY NUMBER DATE OF BIRTH%SOCIAL SECURITY NUMBER DATE OF BIRTH%SOCIAL SECURITY NUMBER DATE OF BIRTH%SOCIAL SECURITY NUMBER DATE OF BIRTH%SOCIAL SECURITY NUMBER DATE OF BIRTH%SOCIAL SECURITY NUMBER DATE OF BIRTH%

Spousal Consent: If you name someone other than or in addition to your spouse as primary beneficiary and reside in a community or marital
property state, including AZ, CA, ID, LA, NV, NM, TX, WA, and WI, your spouse must consent by signing below.

X
SIGNATURE OF SPOUSE

DATE

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8 Signature and Certification Required by the Internal Revenue Service
I have read and understand the Disclosure Statement and Custodial Account Agreement document. I adopt the Disclosure Statement andCustodial Account Agreement document, as it may be revised from time to time, and appoint the Custodian or its agent to perform those functions
and appropriate administrative services specified.
I have received and understand the prospectus for the Oaktree Diversified Income Fund, Inc. (the “Fund”). I understand the Fund’s objectives
and policies and agree to be bound by the terms of the prospectus. Before I request an exchange, I will obtain the current prospectus for each
Fund. I acknowledge and consent to the householding (i.e., consolidation of mailings) of regulatory documents such as prospectuses, shareholder
reports, proxy statements, and other similar documents. I may contact the Fund to revoke my consent. I agree to notify the Fund of any errors or
discrepancies within 45 days after the date of the statement confirming a transaction. The statement will be deemed to be correct, and the Fund andits transfer agent shall not be liable, if I fail to notify the Fund within such time period. I certify that I am of legal age and have the legal capacity tomake this purchase. [If the Grantor is a minor under the laws of the Grantor’s state of residence, a parent or guardian must sign the IRA Application(i.e., “Sally Doe, parent of Jane Doe”). Until the Grantor reaches the age of majority, the parent or guardian will exercise the duties of the Grantor.
(If not a parent, the guardian must provide a copy of the letters of appointment.)]
If I am opening a Traditional IRA with a distribution from an employer-sponsored retirement plan, I elect to treat the distribution as a partial or
total distribution and certify that the distribution qualifies as a rollover contribution. I understand that the fees relating to my account may be collectedby redeeming sufficient shares.
I understand that my mutual fund account assets may be transferred to my state of residence if no activity occurs within my account during theinactivity period specified in my State’s abandoned property laws.
The Fund, its transfer agent, and any of their respective agents or affiliates will not be responsible for banking system delays beyond theircontrol. By completing the banking sections of this application, I authorize my bank to honor all entries to my bank account initiated through U.S.
Bank, N.A., on behalf of the applicable Fund. The Fund, its transfer agent, and any of their respective agents or affiliates will not be liable foracting upon instructions believed to be genuine and in accordance with the procedures described in the prospectus or the rules of the AutomatedClearing House. When AIP or Telephone Purchase transactions are presented, sufficient funds must be in my account to pay them. I agree that mybank’s treatment and rights to respect each entry shall be the same as if it were signed by me personally. I agree that if any such entries are nothonored with good or sufficient cause, my bank shall be under no liability whatsoever. I further agree that any such authorization, unless previously
terminated by my bank in writing, is to remain in effect until the Fund’s transfer agent receives and has had reasonable amount of time to act upona written notice of revocation.

X
DEPOSITOR / LEGALLY RESPONSIBLE INDIVIDUAL’S SIGNATUREDATE (MM/DD/YYYY)

Please proceed to page 7 to review, complete and sign the U.S. Bank, N.A. IRA Custodian Application.

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9 SIMPLE IRA Plans Only
Employer Information:
EMPLOYER (COMPANY) NAMEEMPLOYER STREET ADDRESSEMPLOYER CITY / STATE / ZIP CODEEMPLOYER CONTACT NAMEEMPLOYER CONTACT BUSINESS PHONE

10 Dealer Information
DEALER NAME

DEALER’S ID

REPRESENTATIVE’S LAST NAME

BRANCH ID

FIRST NAME

M.I.

REPRESENTATIVE’S ID

DEALER HEAD OFFICE INFORMATION:

REPRESENTATIVE BRANCH OFFICE INFORMATION:

ADDRESSADDRESSCITY / STATE / ZIP

CITY / STATE / ZIP

TELEPHONE NUMBER

TELEPHONE NUMBER

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CODE

10/2023

U.S. Bank, N.A. IRA Custodian Application
This application must be completed for all Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Minor IRA or Coverdell
Education Savings Account (CESA) where U.S. Bank National Association will serve as custodian.

1 Investor Information
For Traditional IRA, Roth IRA, SEP IRA, and SIMPLE IRA accounts, the information provided in this section must be that of the accountowner. For CESA and Minor IRA accounts, the information provided in this section must be that of the responsible party.

FULL LEGAL FIRST NAME*

M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)

SOCIAL SECURITY NUMBER*If a full legal first name is not provided, a copy of a government issued document is required to accompany this application.

Permanent Street Address

Residential Address or Principal Place of Business - Foreign addresses and PO
Boxes are not allowed.

STREET

CITY

STATE

DAYTIME PHONE NUMBER

Mailing Address* (if different from Permanent Address)
A PO Box may be used as the mailing address.

APT / SUITESTREET

ZIP CODE

CITY

APT / SUITESTATEZIP CODEEVENING PHONE NUMBER

E-MAIL ADDRESS

2 Custodian Agreement
This Agreement governs your Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Minor IRA or Coverdell Education Savings
Account (CESA) with us. U.S. Bank National Association will serve as the non-discretionary, directed custodian of your account.
We do not provide fiduciary investment advice on your account.
To open a new account for a Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Minor IRA or CESA , you must complete andsign this Custodian Application as well as the Fund’s application and return the applications to us.
General Powers
We will have all powers necessary to carry out our duties under this Agreement, including (but not limited to) the following:
(1)
(2)
(3)
OG

To authorize additional forms of acceptable written notice to us, including (as we may periodically determine) facsimile,e-mail or other methods.
To hold the assets of the Account without qualification or description in our name or the name of any nominee of us, orin any other form under which title will pass by delivery.
To exchange information about you, your Beneficiary(ies) and Account with affiliated entities, as permitted by applicablelaw and regulations.
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(4)
(5)

(6)
(7)

To make, execute and deliver, as Custodian, any and all contracts, waivers, releases or other written documents withrespect to the administration of the Account.
To employ recordkeepers and other agents and to delegate such duties to them as we see fit and to employ or consult
with experts, advisors and legal counsel (who may be employed also by you or your Beneficiary(ies)) and to rely on theinformation and advice received. We will be reimbursed by the Account or you (or, if you die, your Beneficiary(ies)), forcosts incurred by us when employing such parties.
To file class action litigation proofs of claim in respect to any of the assets of the Account.
To change the fee schedule at any time.

Indemnification
(1)

(2)

You hereby agree to indemnify and release us, and hold us harmless from and against, and we will incur no liability to
any person for, any harm that may be imposed on, incurred by, or asserted against us by reason of our action oromission in connection with this Agreement or the Account (including, but not limited to, an action or omission that is
consistent with directions provided under this Agreement), except to the extent that a court of competent jurisdiction has
made a final judgment that the harm resulted directly from our willful misconduct, gross negligence, bad faith, or material
breach of this Agreement.
The foregoing provisions will survive the termination of this Agreement.

Limitations on Duties
Our duties are strictly limited to those set forth in this Agreement, and no implied covenants, duties, responsibilities,
representations, warranties, or obligations will be read into this Agreement against us. Without limiting the generality of theforegoing, we have no duty to:
(1)
(2)

(3)

(4)
(5)
(6)

Act as trustee of the IRA assets.
Inspect, review or examine any asset that is neither registered in the name of the account (with us designated 		
as custodian), us (with or without custodial designation) or our nominee nor maintained by us at any central 		securities depository (such as the Depository Trust Company) or Federal Reserve Bank or with a sub-custodian 		
nor held by us in unregistered or bearer form or in such form as will pass title by delivery, or governing, offering, 		
subscription, or similar document with respect thereto, to determine whether the asset or document is authentic, 		genuine, enforceable, properly signed, appropriate for the represented purpose, is what it purports to be on its 		
face, or for any other purpose, or to execute such document, or to take physical possession of such asset or 		
document.
Question whether any direction received under this Agreement is prudent, consistent with the terms of this 			
Agreement, or contrary to applicable law; to solicit or confirm directions; or to question whether any direction 		
received under this Agreement by email, or entered into your account in an on-line portal, is unreliable or has 		
been compromised.
Monitor service providers hired by you.
Maintain or defend any legal proceeding in the absence of indemnification, to our satisfaction, against all
expenses and liabilities which we may sustain by reason thereof.
Advance funds or securities or otherwise expend or risk its own funds or incur its own liability in the exercise of 		its powers or rights or performance of its duties under this Agreement.

Change of Custodian
Qualification of Successor
The successor custodian or trustee must be either a bank (as defined in Code section 408(n)) or a person who has IRS approval to serve in that capacity (as provided in Code section 408(h)).

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Payment to Successor
Once we receive written acceptance of appointment by the successor custodian or trustee, we will transfer and pay over tothe successor the assets of the Account, less any amount allowed to be reserved under this Agreement.
Successor Organizations
By designating a Custodian, original or successor, hereunder, there is included in such designation and as a part thereof
any other corporation authorized by law to accept the Account into which or with which the designated Custodian, originalor successor, is converted, consolidated or merged, and the corporation into which or with which any Custodian hereunderis so converted, consolidated or merged will continue to be the Custodian of the Account.
Amendment or Termination of Agreement
Power to Amend
You cannot amend this Agreement other than by changing an election or designation in the Application. You and your
Beneficiary(ies) delegate to the Sponsor or its agent the power to amend this Agreement from time to time in any respect (unless otherwise expressly stated in this Agreement), without obtaining your approval or consent (or that of your
Beneficiary(ies)). Either the Sponsor or its agent will furnish you a copy of any such amendment.
Limitation on Amendments
This Agreement may not be amended in any manner that would cause or permit any part of the Account to be diverted topurposes other than for your (or your Beneficiary’s(ies’)) exclusive benefit.
Termination
You may terminate this Agreement at any time by written notice to us.
Upon such termination, we will distribute the assets of the Account, less any amount reserved for payment of fees andexpenses, to you (or your Beneficiary(ies)) or according to the directions of you (or your Beneficiary(ies)) and the provisionsof this Agreement. We will comply with the directions we receive in proper form and will not be liable for any tax or any loss ofany kind resulting from any action we take pursuant to such directions.
Transfer
At your written direction, we will transfer the assets of the Account, less any amount reserved for payment of fees andexpenses, directly to the custodian or trustee (or other funding agent) of another individual retirement plan or of a qualified
employer or government plan. We have no duty to ascertain whether such direction is proper under the Code or under theprovisions of the plan receiving the transfer. We will comply with your (or your Beneficiary’s(ies’)) directions and will not beliable for any tax or any loss of any kind resulting from any action we take pursuant to such directions.
Initial Adoption or Revocation
(1)
(2)

(3)

Adoption of Agreement. This Agreement will be effective once the Application has been signed by you and acceptedby us, as evidenced by a confirmation or an Account statement.
Revocation of Agreement. You may revoke this Agreement for any reason within seven calendar days after the dateyour signed applications are postmarked to us or, if earlier, the date we receive your initial payment to establish your
IRA. If it is revoked during that period, the Agreement will be void from its inception, and we will return all assets you
contributed and all fees you paid us. U.S. Bank National Association will not be responsible for any market losses orfees paid to us.
We may close the Account if it is not funded within ninety (90) days of the Account opening, or if the account is 		drawn to a $0 balance.

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3 Signature and Certification
By signing this application:
You designate U.S. Bank National Association as the Custodian of your account. You have received, read and understandthe Custodian Agreement (section 2) attached hereto.
You agree to the terms and conditions of this Custodian Application, which includes the Custodian Agreement (section 2).
You have read and understand the Disclosure Statement and Custodial Account Agreement document. You adopt theDisclosure Statement and Custodial Account Agreement document, as it may be revised from time to time, and appoint theCustodian or its agent to perform those functions and appropriate administrative services specified.
You understand you have full responsibility for directing the investment of your account, and that no transactions will
occur on your account unless you (or another person you have authorized) so direct. You acknowledge and agree that we
do not provide services as a “fiduciary” under 29 U.S.C. Section 1002(21)(A)(ii), 26 U.S.C. Section 4975(e)(3)(B), 29 C.F.R.
2510.3-21, or 26 C.F.R. Section 54.4975-9 commonly known as “fiduciary investment advice.” We will not provide fiduciary
investment advice, and you will not construe or rely on any service provided by us to you as fiduciary investment advice. We
are not your investment manager under 29 U.S.C. Section 1002(21)(A)(i) or 26 U.S.C. Section 4975(e)(3)(A). We neither
have any discretionary authority or discretionary control respecting management of your IRA and any discretionary authority
or discretionary responsibility in the administration of your IRA under 29 U.S.C. Section 1002(21)(A)(i) and (iii) or 26 U.S.C.
Section 4975(e)(3)(A) and (C).
You understand most investment products are not insured by the Federal Deposit Insurance Corporation (“FDIC”), are notdeposits or other obligations of or guaranteed by us or our affiliates, and involve investment risks, including possible loss ofthe principal amount invested.
You agree to disclose to U.S. Bank National Association if you, the beneficial owner(s), or authorized signer(s) is or becomesa “senior political figure, immediate family member, or close associate of a senior political figure” (as defined below), during theduration of the Custody Agreement.
•

A “senior political figure” is a domestic or foreign senior official in the executive, legislative, administrative, military or judicial branchesof a government (whether elected or not), a senior official of a major political party, or a senior executive of a government-owned
corporation. In addition, a senior political figure includes any corporation, business, or other entity that has been formed by, or for the
benefit of, a senior political figure.
“Immediate family” of a domestic or foreign senior political figure typically includes the figure’s parents, siblings, spouse, children, andin-laws.
A “close associate” of a domestic or foreign senior political figure is a person who is widely and publicly known to maintain an unusually close relationship with the senior political figure, and includes a person who is in a position to conduct domestic and international
financial transactions on behalf of the senior political figure.

••You agree that the information you completed herein is true, accurate, and complete.
X
DEPOSITOR / LEGALLY RESPONSIBLE INDIVIDUAL’S SIGNATUREDATE (MM/DD/YYYY)

Appointment as Custodian accepted:
U.S. BANK NATIONAL ASSOCIATION!

Gregory Farley
Senior Vice President-Mutual Fund Operations

Before you mail, have you:
 Completed all USA PATRIOT Act required information on the IRA Application and U.S. Bank, N.A. Custodian Application?
– Full Name
– Social Security Number– Date of Birth– Permanent street address Enclosed your personal check made payable to the Oaktree Diversified Income Fund, Inc.?
 Included a voided check or savings deposit slip, if applicable?
 Signed the IRA Application and U.S. Bank, N.A. Custodian Application?
 Enclosed additional documentation, if applicable?
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10/2023