Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 120

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 120
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ger and to indemnify Barclays for certain liabilities that may arise out of its

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engagement by Fortegra and the rendering of Barclays’ opinion. Certain members of the Barclays deal team currently advising Fortegra have also previously worked on transactions for Tiptree. Barclays has performed various investment banking services for Tiptree in the past, and expects to perform such services in the future, and has received, and is likely to receive, customary fees for such services. However, in the past two years, Barclays has not received fees from Fortegra, Tiptree or Purchaser for any investment banking services. As of the market close on September 19, 2025, Barclays held a net long position of less than 1.0% of the outstanding stock of Tiptree and a net long position of less than 1.0% of the outstanding stock of Purchaser.

In addition, Barclays and its affiliates in the past have provided, currently are providing, or in the future may provide, investment banking services to Warburg Pincus, an affiliate of Fortegra, and certain of its affiliates and portfolio companies and have received or in the future may receive customary fees for rendering such services, including (i) having acted or acting as financial advisor to Warburg Pincus and certain of its portfolio companies and affiliates in connection with certain mergers and acquisition transactions; (ii) having acted or acting as arranger, bookrunner and/or lender for Warburg Pincus and certain of its portfolio companies and affiliates in connection with the financing for various acquisition transactions; and (iii) having acted or acting as underwriter, initial purchaser and placement agent for various equity and debt offerings undertaking by Warburg Pincus and certain of its portfolio companies and affiliates. Between January 1, 2023 and the date of Barclays’ opinion, Barclays has received approximately $59.4 million in fees for such services.

Barclays, its subsidiaries and its affiliates engage in a wide range of businesses from investment and commercial banking, lending, asset management and other financial and non-financial services. In the ordinary course of its business, Barclays and its affiliates may actively trade and effect transactions in the equity, debt and/or other securities (and any derivatives thereof) and financial instruments (including loans and other obligations) of Fortegra, Tiptree and Purchaser for its own account and for the accounts of its customers and, accordingly, may at any time hold long or short positions and investments in such securities