# EDGAR Filing Document

**Accession Number:** 0001990685
**File Stem:** 0000894189-26-016523
**Filing Date:** 2026-5
**Character Count:** 32844
**Document Hash:** 1f3a99b8afe7ef0f8388d9b93963510b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016523.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000894189-26-016523

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Niagara Income Opportunities Fund
- **CENTRAL INDEX KEY:** 0001990685

**ORGANIZATION NAME:**
- **EIN:** 932832697
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23902
- **FILM NUMBER:** 261039302

**BUSINESS ADDRESS:**
- **STREET 1:** 3550 LENOX ROAD NE
- **STREET 2:** SUITE 2550
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326
- **BUSINESS PHONE:** 770-350-8700

**MAIL ADDRESS:**
- **STREET 1:** 3550 LENOX ROAD NE
- **STREET 2:** SUITE 2550
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Niagara Income Opportunities Fund

- **b. Investment Company Act file number:** 811-23902

- **c. CIK number of Registrant:** 0001990685

- **d. LEI of Registrant:** 529900XNQ2EGEUW6XR21

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

  - **Street Address 1:** 3550 Lenox Road NE

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30326

  - **Telephone number:** 770-350-8700

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

- **a. Name of Series:** Niagara Income Opportunities Fund

- **c. LEI of Series:** 529900XNQ2EGEUW6XR21

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $154636473.17

**Total Liabilities:** $447615.90

**Net Assets:** $154188857.27

**Cash Not Reported:** $606590.67

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 716.623425000000 | **1-Year:** 2234.114631000000 | **5-Year:** 517.944648000000 | **10-Year:** 46.411180000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.70%                | 0.30%                | 0.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $3150.49                                   |
| Month 2  | $0.00                    | $-1055876.18                               |
| Month 3  | $0.00                    | $428173.68                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Nally Jewels Inc                                    | Nally Jewels Inc                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    200000 | PA      | $199907.40    | 0.13%             | 2026-05-07      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| IVY Auto 1                                          | IVY Auto 1                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $500213.50    | 0.32%             | 2026-12-24      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| IVY Auto 6                                          | IVY Auto 6                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    250000 | PA      | $250115.00    | 0.16%             | 2026-08-10      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| Ivy Evergreen Fund QP, LP                           | Ivy Evergreen Fund QP, LP                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   7998977 | PA      | $8109090.73   | 5.26%             |  |  |  | No            | 3                  | On Loan: No      |
| Monroe Capital Income Plus Corp                     | Monroe Capital Income Plus Corp                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1300000 | PA      | $1266547.10   | 0.82%             |  |  |  | No            | N/A                | On Loan: No      |
| PFF LLC 3                                           | PFF LLC 3                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $463262.00    | 0.30%             | 2026-12-13      | Fixed         | 12.49%                | No            | 3                  | On Loan: No      |
| PFF LLC 5                                           | PFF LLC 5                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $493660.00    | 0.32%             | 2027-03-31      | Fixed         | 11.63%                | No            | 3                  | On Loan: No      |
| Altriarch Specialty Finance SPV II, LLC             | Altriarch Specialty Finance SPV II, LLC             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   7199875 | PA      | $7232238.44   | 4.69%             | 2026-12-31      | Fixed         | 8.00%                 | No            | 3                  | On Loan: No      |
| Jewelry World                                       | Jewelry World                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    250000 | PA      | $249900.00    | 0.16%             | 2026-06-09      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Safdico I                                           | Safdico I                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1250000 | PA      | $1249826.25   | 0.81%             | 2026-10-17      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| PFF LLC 1                                           | PFF LLC 1                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1762500 | PA      | $1720917.34   | 1.12%             | 2026-06-18      | Fixed         | 12.11%                | No            | 3                  | On Loan: No      |
| PFF LLC 6                                           | PFF LLC 6                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $442560.00    | 0.29%             | 2027-05-21      | Fixed         | 12.25%                | No            | 3                  | On Loan: No      |
| Revere Capital Los Alamos MF LLC                    | Revere Capital Los Alamos MF LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | US        |   3100000 | PA      | $3101205.90   | 2.01%             |  |  |  | No            | 3                  | On Loan: No      |
| First American Treasury Obligations Fund - Class X  | First American Treasury Obligations Fund - Class X  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  13145991 | NS      | $13145990.92  | 8.53%             |  |  |  | No            | 1                  | On Loan: No      |
| EWP Oceana Garage SPV LLC A                         | EWP Oceana Garage SPV LLC A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2000000 | PA      | $1992032.00   | 1.29%             | 2027-10-30      | Fixed         | 5.00%                 | No            | 3                  | On Loan: No      |
| IVY Auto 4                                          | IVY Auto 4                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $500147.50    | 0.32%             | 2026-07-07      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| IVY Auto 7                                          | IVY Auto 7                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    882700 | PA      | $880344.07    | 0.57%             | 2027-01-15      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| Cliffwater Enhanced Lending Fund - Class I          | Cliffwater Enhanced Lending Fund - Class I          | CUSIP: 18685P108<br>LEI: 549300GSOYHH68H7U345 | Long             |  | RF                | US        |      1743 | NS      | $19185.78     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| BasePoint Income Solutions Evergreen Fund L.P.      | BasePoint Income Solutions Evergreen Fund L.P.      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4000000 | PA      | $4178752.00   | 2.71%             |  |  |  | No            | N/A                | On Loan: No      |
| Bay Point Capital Partners II, LP                   | Bay Point Capital Partners II, LP                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    285793 | PA      | $301452.56    | 0.20%             |  |  |  | No            | N/A                | On Loan: No      |
| Wrist Aficionado III                                | Wrist Aficionado III                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $999839.00    | 0.65%             | 2026-06-24      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| IVY Auto 2                                          | IVY Auto 2                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    300000 | PA      | $300444.90    | 0.19%             | 2027-01-07      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| IVY Auto 3                                          | IVY Auto 3                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    250000 | PA      | $250041.75    | 0.16%             | 2026-10-19      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| PFF LLC 4                                           | PFF LLC 4                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    300000 | PA      | $287436.00    | 0.19%             | 2026-08-20      | Fixed         | 12.28%                | No            | 3                  | On Loan: No      |
| PFF LLC 7                                           | PFF LLC 7                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $482025.00    | 0.31%             | 2026-07-25      | Fixed         | 11.16%                | No            | 3                  | On Loan: No      |
| RIM SPV, LLC                                        | RIM SPV, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   5283000 | PA      | $5308337.27   | 3.44%             | 2028-09-30      | Fixed         | 14.00%                | No            | 3                  | On Loan: No      |
| Virage Opportunity Fund Credit Facility             | Virage Opportunity Fund Credit Facility             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2316439 | PA      | $2330787.21   | 1.51%             | 2028-12-20      | Fixed         | 18.25%                | No            | 3                  | On Loan: No      |
| IVY Auto 5                                          | IVY Auto 5                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $500255.00    | 0.32%             | 2026-07-20      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| Dodson Courtyard Apartments Owner, LLC              | Dodson Courtyard Apartments Owner, LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    750000 | PA      | $749280.00    | 0.49%             | 2027-03-31      | Fixed         | 10.43%                | No            | 3                  | On Loan: No      |
| PFF LLC 11                                          | PFF LLC 11                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2000000 | PA      | $1699822.00   | 1.10%             | 2026-10-24      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| Revere BCF Funding, LLC                             | Revere BCF Funding, LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $498572.50    | 0.32%             | 2030-04-23      | Floating      | 14.98%                | No            | 3                  | On Loan: No      |
| Aero Capital Solutions Fund IV LP                   | Aero Capital Solutions Fund IV LP                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    689862 | PA      | $847123.63    | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| EAJF Leveraged Feeder                               | EAJF Leveraged Feeder                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6900000 | PA      | $8120761.80   | 5.27%             |  |  |  | No            | N/A                | On Loan: No      |
| Coromandel LS LLC Beta Corp                         | Coromandel LS LLC Beta Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1006250 | PA      | $1005743.86   | 0.65%             | 2028-06-30      | Floating      | 13.63%                | No            | 3                  | On Loan: No      |
| C-Cubed 308 Productions                             | C-Cubed 308 Productions                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    650000 | PA      | $644768.15    | 0.42%             | 2026-10-17      | Fixed         | 21.60%                | No            | 3                  | On Loan: No      |
| Coromandel LS 14 LLC                                | Coromandel LS 14 LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2823413 | PA      | $2814409.40   | 1.83%             | 2027-03-01      | Floating      | 12.68%                | No            | 3                  | On Loan: No      |
| Coromandel LS 15 LLC                                | Coromandel LS 15 LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    200000 | PA      | $199438.40    | 0.13%             | 2027-03-08      | Floating      | 12.68%                | No            | 3                  | On Loan: No      |
| Coromandel LS 16 LLC                                | Coromandel LS 16 LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $995304.00    | 0.65%             | 2027-04-15      | Floating      | 12.68%                | No            | 3                  | On Loan: No      |
| Rio Diamond MFG Corp III                            | Rio Diamond MFG Corp III                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    350000 | PA      | $349994.05    | 0.10%             | 2026-09-24      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Safdico II                                          | Safdico II                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $999629.00    | 0.65%             | 2026-11-25      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Yafa II                                             | Yafa II                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $499585.50    | 0.32%             | 2026-09-26      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Yafa III                                            | Yafa III                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    625000 | PA      | $624985.00    | 0.41%             | 2026-10-09      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| LuxTech II                                          | LuxTech II                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    120000 | PA      | $120000.00    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| B.R Diamonds                                        | B.R Diamonds                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    162500 | PA      | $162500.00    | 0.11%             |  |  |  | No            | 3                  | On Loan: No      |
| Rio Diamond MFG Corp II                             | Rio Diamond MFG Corp II                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    650000 | PA      | $650000.00    | 0.42%             |  |  |  | No            | 3                  | On Loan: No      |
| EWP LS Funding, LLC                                 | EWP LS Funding, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1250000 | PA      | $1241468.75   | 0.81%             | 2028-12-17      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| Ivy Battery, LLC                                    | Ivy Battery, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    437728 | PA      | $436621.58    | 0.28%             | 2027-01-24      | Fixed         | 12.25%                | No            | 3                  | On Loan: No      |
| Nuveen Churchill Private Capital Income Fund        | Nuveen Churchill Private Capital Income Fund        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2250000 | PA      | $2244775.50   | 1.46%             |  |  |  | No            | N/A                | On Loan: No      |
| Ciel at Cedar Mill Senior Living                    | Ciel at Cedar Mill Senior Living                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    750000 | PA      | $745408.50    | 0.48%             | 2027-10-03      | Floating      | 8.68%                 | No            | 3                  | On Loan: No      |
| PFF LLC 10                                          | PFF LLC 10                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2000000 | PA      | $1877082.00   | 1.22%             | 2026-10-24      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| PFF LLC 8                                           | PFF LLC 8                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    750000 | PA      | $680339.25    | 0.44%             | 2027-02-15      | Fixed         | 11.97%                | No            | 3                  | On Loan: No      |
| Virage Opportunity Fund LP                          | Virage Opportunity Fund LP                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    482611 | PA      | $482610.82    | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| Peachtree Group PCF IV LO Atlanta 3343 SIDE CAR LLC | Peachtree Group PCF IV LO Atlanta 3343 SIDE CAR LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    420000 | PA      | $415579.08    | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| Rio Diamond MFG Corp                                | Rio Diamond MFG Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    300000 | PA      | $300000.00    | 0.19%             |  |  |  | No            | 3                  | On Loan: No      |
| HFSA, LLC                                           | HFSA, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  11425000 | PA      | $11828313.93  | 7.67%             |  |  |  | No            | N/A                | On Loan: No      |
| IVY Iron, LLC                                       | IVY Iron, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $500421.00    | 0.32%             | 2027-01-03      | Fixed         | 13.50%                | No            | 3                  | On Loan: No      |
| Oak Institutional Credit Solutions, LLC             | Oak Institutional Credit Solutions, LLC             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4600000 | PA      | $4717741.60   | 3.06%             |  |  |  | No            | N/A                | On Loan: No      |
| PFF LLC 2                                           | PFF LLC 2                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1762500 | PA      | $1632416.93   | 1.06%             | 2026-12-18      | Fixed         | 12.61%                | No            | 3                  | On Loan: No      |
| CRWD Specialty Finance LLC                          | CRWD Specialty Finance LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1500000 | PA      | $1500399.00   | 0.97%             | 2026-11-17      | Fixed         | 18.00%                | No            | 3                  | On Loan: No      |
| CA Credit SPV, LLC                                  | CA Credit SPV, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   2000000 | PA      | $2014018.00   | 1.31%             | 2027-06-30      | Variable      | 12.50%                | No            | 3                  | On Loan: No      |
| Assil New York I                                    | Assil New York I                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1500000 | PA      | $1498558.50   | 0.97%             | 2026-08-06      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Bijan & Co, Inc                                     | Bijan & Co, Inc                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    225000 | PA      | $225000.00    | 0.15%             |  |  |  | No            | 3                  | On Loan: No      |
| Safdico                                             | Safdico                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1075000 | PA      | $1075000.00   | 0.70%             |  |  |  | No            | 3                  | On Loan: No      |
| RF JV NPL LLC                                       | RF JV NPL LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |   1500000 | PA      | $1826848.50   | 1.18%             |  |  |  | No            | 3                  | On Loan: No      |
| Coromandel Credit Income Evergreen Fund LP          | Coromandel Credit Income Evergreen Fund LP          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   9500000 | PA      | $9902857.00   | 6.42%             |  |  |  | No            | N/A                | On Loan: No      |
| Coromandel LS LLC Beta SPV                          | Coromandel LS LLC Beta SPV                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    743750 | PA      | $742164.33    | 0.48%             | 2028-06-30      | Floating      | 13.63%                | No            | 3                  | On Loan: No      |
| Delgatto Diamond Finance Fund L.P.                  | Delgatto Diamond Finance Fund L.P.                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    700000 | PA      | $814139.19    | 0.53%             |  |  |  | No            | N/A                | On Loan: No      |
| SD Diamonds                                         | SD Diamonds                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    310000 | PA      | $310000.00    | 0.20%             |  |  |  | No            | 3                  | On Loan: No      |
| Revere Tactical Opportunities Fund IV               | Revere Tactical Opportunities Fund IV               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5000000 | PA      | $5231445.00   | 3.39%             |  |  |  | No            | N/A                | On Loan: No      |
| Holbrook Structured Income Fund - Class I           | Holbrook Structured Income Fund - Class I           | CUSIP: 90214Q626<br>LEI: 549300VN9LSTDZVMEG10 | Long             |  | RF                | US        |    317574 | NS      | $3093174.26   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| EWP Oceana Garage SPV LLC B                         | EWP Oceana Garage SPV LLC B                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $996402.00    | 0.65%             | 2027-10-30      | Fixed         | 18.00%                | No            | 3                  | On Loan: No      |
| LS Hive, LLC                                        | LS Hive, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1250000 | PA      | $1276370.00   | 0.83%             |  |  |  | No            | 3                  | On Loan: No      |
| Revere Specialty Finance Fund LP                    | Revere Specialty Finance Fund LP                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3475000 | PA      | $3617002.40   | 2.35%             |  |  |  | No            | N/A                | On Loan: No      |
| Tailor Ridge Real Estate Lending Fund I, LP         | Tailor Ridge Real Estate Lending Fund I, LP         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4950000 | PA      | $5085625.05   | 3.30%             |  |  |  | No            | N/A                | On Loan: No      |
| CA CO SPV, LLC                                      | CA CO SPV, LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   4850000 | PA      | $4841328.20   | 3.14%             | 2027-06-30      | Fixed         | 12.00%                | No            | 3                  | On Loan: No      |
| Assil New York                                      | Assil New York                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1500000 | PA      | $1498671.00   | 0.97%             | 2026-09-10      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| SD Diamonds, LLC II                                 | SD Diamonds, LLC II                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    325000 | PA      | $324868.05    | 0.21%             | 2026-06-03      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| Yafa IV                                             | Yafa IV                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    500000 | PA      | $499704.00    | 0.32%             | 2026-09-05      | Fixed         | 13.20%                | No            | 3                  | On Loan: No      |
| PGA Mastermind                                      | PGA Mastermind                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    750000 | PA      | $750000.00    | 0.49%             |  |  |  | No            | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Niagara Income Opportunities Fund

**Signature:** /s/ Adam Stewart

**Name of Signer:** Adam Stewart

**Title:** President