# EDGAR Filing Document

**Accession Number:** 0002029168
**File Stem:** 0001193125-26-074288
**Filing Date:** 2026-2
**Character Count:** 36855
**Document Hash:** dc59f9cf860eaef031ad7bf2c08a0e33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-074288.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-074288

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Callodine Specialty Income Fund
- **CENTRAL INDEX KEY:** 0002029168

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23984
- **FILM NUMBER:** 26682645

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES INC.
- **STREET 2:** 235 W. GALENA ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2000

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES INC.
- **STREET 2:** 235 W. GALENA ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Callodine Specialty Income Fund

- **b. Investment Company Act file number:** 811-23984

- **c. CIK number of Registrant:** 0002029168

- **d. LEI of Registrant:** 529900HGFIR0OB3ZDI94

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992217

**Item A.2. Information about the Series.**

- **a. Name of Series:** Callodine Specialty Income Fund

- **c. LEI of Series:** 529900HGFIR0OB3ZDI94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $70162395.28

**Total Liabilities:** $3842316.02

**Net Assets:** $66320079.26

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 111.708653671088 | **5-Year:** 191.454750893912 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 2781.039363215014 | **5-Year:** 8169.513594273814 | **10-Year:** 394.865529742172 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.40%               | 1.10%                | 0.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4597.47                | $-411246.19                                |
| Month 2  | $-1076.04                | $347254.96                                 |
| Month 3  | $28731.19                | $-254082.86                                |

### Schedule of Portfolio Investments

| Name                                     | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DARIOHEALTH WARRANT $15.3495 4/30/32   / | DARIOHEALTH WARRANT $15.3495 4/30/32   /                                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     15101 | NC      | $116924.79    | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Energy Transfer LP                       | Energy Transfer LP                                                               | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             |  | CORP              | US        |    100000 | NS      | $1649000.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                  | Extra Space Storage, Inc., REIT                                                  | CUSIP: 30225T102<br>LEI: N/A                  | Long             |  | CORP              | US        |     10000 | NS      | $1302200.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In           | Four Corners Property Trust, Inc., REIT                                          | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             |  | CORP              | US        |     50175 | NS      | $1157035.50   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio            | Fidelity Government Portfolio, Class Institutional                               | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  14816009 | PA      | $14816008.74  | 22.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson AAA CLO ETF              | Janus Henderson AAA CLO ETF                                                      | CUSIP: 47103U845<br>LEI: 549300N7UZ9PO4OVKA94 | Long             |  | RF                | US        |     50000 | NS      | $2529000.00   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNIT Corp. T TERM LOAN   /             | MAGNIT Corp. T TERM LOAN   /                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4947080.57   | 7.46%             | 2029-06-01      | Floating      | 9.42%                 | Yes           |                  3 | On Loan: No      |
| Altria Group Inc                         | Altria Group, Inc.                                                               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     20000 | NS      | $1153200.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                  | Millrose Properties, Inc., REIT                                                  | CUSIP: 601137102<br>LEI: N/A                  | Long             |  | CORP              | US        |     67081 | NS      | $2003709.47   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TOOL & EQUI TERM LOAN   /       | NORTHERN TOOL & EQUI TERM LOAN   /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2500000 | PA      | $2464673.30   | 3.72%             | 2029-01-26      | Floating      | 10.66%                | Yes           |                  3 | On Loan: No      |
| Realty Income Corp                       | Realty Income Corp., REIT                                                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             |  | CORP              | US        |     25000 | NS      | $1409250.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                     | Blue Owl Capital, Inc.                                                           | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $896400.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Blackstone Senior           | State Street Blackstone Senior Loan ETF                                          | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             |  | RF                | US        |     70000 | NS      | $2888900.00   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc              | Starwood Property Trust, Inc., REIT                                              | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             |  | CORP              | US        |     39360 | NS      | $708873.60    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                  | UDR, Inc., REIT                                                                  | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             |  | CORP              | US        |     40000 | NS      | $1467200.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                 | UGI Corp.                                                                        | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     30000 | NS      | $1122900.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS IN                 | International Seaways, Inc.                                                      | CUSIP: 46032VAC0<br>LEI: 549300YUFDGFRNGBWF46 | Long             | DBT              | CORP              | MH        |    250000 | PA      | $248739.75    | 0.38%             | 2030-09-23      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                 | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $157696.35    | 0.24%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ZIFF DAVIS INC                           | Ziff Davis, Inc.                                                                 | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $474880.00    | 0.72%             | 2030-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| LGI HOMES INC                            | LGI Homes, Inc.                                                                  | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    350000 | PA      | $318948.70    | 0.48%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.              | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $347671.45    | 0.52%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MAGNERA CORP                             | Magnera Corp.                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171790.50    | 0.26%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                  | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292583.40    | 0.44%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VARA SALON SUITES HQ DELAYED DRAW   /    | VARA SALON SUITES HQ DELAYED DRAW   /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.51%             | 2030-09-30      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| VARA SALON SUITES HQ TERM LOAN   /       | VARA SALON SUITES HQ TERM LOAN   /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2010222 | PA      | $1971681.54   | 2.97%             | 2030-09-30      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                    | NGL Energy Operating LLC / NGL Energy Finance Corp.                              | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $466018.65    | 0.70%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                 | Organon & Co. / Organon Foreign Debt Co.-Issuer BV                               | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $248458.50    | 0.37%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OWENS & MINOR INC                        | Owens & Minor, Inc.                                                              | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    150000 | PA      | $95043.60     | 0.14%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| PRA GROUP INC                            | PRA Group, Inc.                                                                  | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    450000 | PA      | $465539.85    | 0.70%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| POPULAR INC                              | Popular, Inc.                                                                    | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |    250000 | PA      | $263446.25    | 0.40%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                 | Prime Healthcare Services, Inc.                                                  | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $393751.13    | 0.59%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                                                   | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     59500 | NS      | $949620.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIOLOGY PARTNERS INC                   | Radiology Partners, Inc.                                                         | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    375000 | PA      | $389087.63    | 0.59%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SESI LLC                                 | SESI LLC                                                                         | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |    450000 | PA      | $442998.45    | 0.67%             | 2030-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SLM CORP                                 | SLM Corp.                                                                        | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155237.55    | 0.23%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                    | Nickel Industries, Ltd.                                                          | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $259461.00    | 0.39%             | 2030-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                   | Brundage-Bone Concrete Pumping Holdings, Inc.                                    | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $255199.25    | 0.38%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                      | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252909.00    | 0.38%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                     | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $241923.25    | 0.36%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                      | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    350000 | PA      | $322184.45    | 0.49%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SIRIUSPOINT LTD                          | SiriusPoint, Ltd.                                                                | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $264740.75    | 0.40%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                          | Star Parent, Inc.                                                                | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160094.70    | 0.24%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                 | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155466.30    | 0.23%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BERRY GP DDTL DELAYED DRAW   /           | BERRY GP DDTL DELAYED DRAW   /                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    714286 | PA      | $708972.72    | 1.07%             | 2028-05-08      | Fixed         | 3.75%                 | Yes           |                  3 | On Loan: No      |
| BLAZING STAR PARENT TERM LOAN   /        | BLAZING STAR PARENT TERM LOAN   /                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1987500 | PA      | $1930260.69   | 2.91%             | 2030-08-28      | Floating      | 10.82%                | Yes           |                  3 | On Loan: No      |
| NAVIOS SOUTH AMERICAN L                  | Navios South American Logistics, Inc.                                            | CUSIP: 999999999<br>LEI: 89450079LEE5QGJRM678 | Long             | DBT              | CORP              | MH        |    200000 | PA      | $206288.04    | 0.31%             | 2030-07-14      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA HELICOPTERS TERM LOAN   /       | COLUMBIA HELICOPTERS TERM LOAN   /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4591637 | PA      | $4555254.55   | 6.87%             | 2029-05-09      | Floating      | 10.41%                | Yes           |                  3 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                 | Summit Midstream Holdings LLC                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $466596.00    | 0.70%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                 | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    365000 | PA      | $354747.52    | 0.53%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                         | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $111388.42    | 0.17%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG, Inc.                                                         | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466444.35    | 0.70%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA HELICOPTERS DELAYED DRAW   /    | COLUMBIA HELICOPTERS DELAYED DRAW   /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $496114.49    | 0.75%             | 2029-05-09      | Fixed         | 3.38%                 | Yes           |                  3 | On Loan: No      |
| DARIOHEALTH Corp. TL TERM LOAN   /       | DARIOHEALTH Corp. TL TERM LOAN   /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4642857 | PA      | $4521949.29   | 6.82%             | 2030-04-30      | Floating      | 11.75%                | Yes           |                  3 | On Loan: No      |
| VIASAT INC                               | Viasat, Inc.                                                                     | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243061.75    | 0.37%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                   | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $247918.25    | 0.37%             | 2033-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WILLIAM CARTER                           | William Carter Co.                                                               | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258480.00    | 0.39%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Agree Realty Corp                        | Agree Realty Corp., REIT                                                         | CUSIP: 008492100<br>LEI: N/A                  | Long             |  | CORP              | US        |     10000 | NS      | $720300.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Co           | Algonquin Power & Utilities Corp.                                                | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     95000 | NS      | $584250.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GP TL TERM LOAN   /                | BERRY GP TL TERM LOAN   /                                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4285714 | PA      | $4253139.21   | 6.41%             | 2028-05-08      | Floating      | 11.16%                | Yes           |                  3 | On Loan: No      |
| C&S GROUP ENTERPRISES LL                 | C&S Group Enterprises LLC                                                        | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $370158.40    | 0.56%             | 2028-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                   | CCO Holdings LLC / CCO Holdings Capital Corp.                                    | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $183821.00    | 0.28%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                    | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $242486.75    | 0.37%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                       | Cerdia Finanz GmbH                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $413500.00    | 0.62%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                   | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $454992.75    | 0.69%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                 | American Airlines, Inc./AAdvantage Loyalty IP, Ltd.                              | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    275000 | PA      | $280024.53    | 0.42%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ADAMS HOMES INC                          | Adams Homes, Inc.                                                                | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156902.55    | 0.24%             | 2028-10-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                          | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $339305.75    | 0.51%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                  | American Axle & Manufacturing, Inc.                                              | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    380000 | PA      | $386936.52    | 0.58%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                      | Arbor Realty Sr., Inc.                                                           | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    375000 | PA      | $356692.50    | 0.54%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ATKORE INC                               | Atkore, Inc.                                                                     | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191983.40    | 0.29%             | 2031-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                  | Atlantica Sustainable Infrastructure, Ltd.                                       | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    306000 | PA      | $296755.43    | 0.45%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AVATION GROUP S PTE LTD                  | Avation Group S Pte, Ltd.                                                        | CUSIP: 05390AAA2<br>LEI: 2138006F359FM7HRYK39 | Long             | DBT              | CORP              | SG        |    450000 | PA      | $443187.00    | 0.67%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BGC GROUP INC                            | BGC Group, Inc.                                                                  | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156529.05    | 0.24%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| THE BANCORP INC                          | Bancorp, Inc.                                                                    | CUSIP: 05969AAB1<br>LEI: 894500FP2ICT1B019Y71 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155958.75    | 0.24%             | 2030-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                 | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384528.00    | 0.58%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CORECIVIC INC                            | CoreCivic, Inc.                                                                  | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173982.03    | 0.26%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC OPPOR FU                 | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin  | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $238742.25    | 0.36%             | 2030-09-17      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                 | F&G Annuities & Life, Inc.                                                       | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $182403.03    | 0.28%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                  | Five Point Operating Co. LP                                                      | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $208969.20    | 0.32%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| HARROW INC                               | Harrow, Inc.                                                                     | CUSIP: 415858AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $105104.00    | 0.16%             | 2030-09-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                    | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47793.85     | 0.07%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-07

**Name of Applicant:** Callodine Specialty Income Fund

**Signature:** /S/ Madeline Arment

**Name of Signer:** Madeline Arment

**Title:** Principal Financial Officer