# EDGAR Filing Document

**Accession Number:** 0001762229
**File Stem:** 0001104659-26-017576
**Filing Date:** 2026-2
**Character Count:** 114557
**Document Hash:** 9424b5510c66f49b64a033616da788db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-017576.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001104659-26-017576

**CONFORMED SUBMISSION TYPE**: SC TO-I

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yieldstreet Alternative Income Fund Inc.
- **CENTRAL INDEX KEY:** 0001762229

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92514
- **FILM NUMBER:** 26655038

**BUSINESS ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (844) 943-5378

**MAIL ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YieldStreet Prism Fund Inc.
- **DATE OF NAME CHANGE:** 20191113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YieldStreet Multi-Asset Fund Inc.
- **DATE OF NAME CHANGE:** 20181218
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yieldstreet Alternative Income Fund Inc.
- **CENTRAL INDEX KEY:** 0001762229

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I

**BUSINESS ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (844) 943-5378

**MAIL ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YieldStreet Prism Fund Inc.
- **DATE OF NAME CHANGE:** 20191113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YieldStreet Multi-Asset Fund Inc.
- **DATE OF NAME CHANGE:** 20181218

**As filed with the Securities and Exchange Commission on February 19, 2026**

**SECURITIES AND EXCHANGE COMMISSION**

------

**SCHEDULE TO**

Tender Offer Statement under Section 14(d)(1) or 13(e)(1)<br> of the Securities Exchange Act of 1934

------

**YIELDSTREET ALTERNATIVE INCOME FUND INC.**

(Name of Subject Company (Issuer) AND Filing Person (Offeror))

**Common Stock, Par Value $0.001 per share**

(Title of Class of Securities)

N/A

(CUSIP Number of Class of Securities) <br> (Underlying Common Stock)

**William Majeski, Esq.**

**General Counsel**

**Yieldstreet Alternative Income Fund Inc.**

**300 Park Avenue, 15<sup>th</sup> Floor**

**New York, NY 10022**

(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)

**Nicole Simon, Esq.**

**Stradley Ronon Stevens & Young, LLP**

**100 Park Avenue, Ste. 2000**

**New York, NY 10017**

**Tel: (212)812-4137**

------

**CALCULATION OF FILING FEE**

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| | |
|:---|:---|
| **<u>TRANSACTION VALUATION</u>** | **<u>AMOUNT OF FILING FEE<sup>(1)</sup></u>** |
| $4141749.49 | $571.98 |

---

(1) The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended,
as modified by Fee Rate Advisory No. 1 for fiscal year 2026, equals $138.10 per million dollars of the value of the transaction.

◻ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid.

Identify persons filing by registration statement number, or the Form or Schedule and the date of its filing.

---

| | |
|:---|:---|
| Amount Previously Paid: Not Applicable | Filing Party: Not Applicable |
| Form or Registration No.: Not Applicable | Date Filed: Not Applicable |

---

◻ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

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| | |
|:---|:---|
| ◻ | Third-party tender offer subject to Rule 14d-1. |
| ⌧ | Issuer tender offer subject to Rule 13e-4. |
| ◻ | Going-private transaction subject to Rule 13e-3. |
| ◻ | Amendment to Schedule 13D under Rule 13d-2. |

---

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

◻ Rule 13e-4(i) (Cross-Border Issuer Tender Offer) <br> ◻ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

◻ Check the box if the filing is a final amendment reporting the results of the tender offer.

**Item 1. Summary Term Sheet.**

The information set forth in the Offer to Purchase, dated February 19, 2026 (the "***Offer to Purchase***"), attached hereto as Exhibit 99(a)(1)(A), entitled "Summary Term Sheet" is incorporated herein by reference.

**Item 2. Subject Company Information.**

(a) Name and Address. The name of the issuer is Yieldstreet Alternative Income Fund Inc., an externally managed,
non-diversified, closed-end management investment company incorporated in Maryland (the "  ***Company*** "), the address
of its principal executive office is 300 Park Avenue, 15th Floor, New York, NY 10022, and the telephone number of its principal executive
office is (844) 943-5378.

(b) Securities. This Tender Offer Statement on Schedule TO relates to an offer by the Company to purchase
up to 454,503 shares of its issued and outstanding common stock, par value $0.001 per share (the "  ***Shares*** ").
At the discretion of the Company's Board of Directors (the "  ***Board*** "), the Company may use cash on hand, cash
available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares. As of February 18,
2026 (the "  ***Share Determination Date*** "), there were 15,150,107 Shares issued and outstanding. The Shares subject
to the Offer represent approximately 3% of the Fund's Shares outstanding as of the Share Determination Date. The purpose of this
Offer (as defined below) is to provide stockholders with liquidity because there is otherwise no public market for the Shares. The Offer
is made upon the terms and subject to the conditions set forth in this Offer to Purchase and the related Letter of Transmittal (which,
together with any amendments or supplements thereto, collectively constitute the "  ***Offer*** "). The Offer will expire
at 4:00 PM, Eastern Time, on March 20, 2026 (the "  ***Expiration Date*** "), unless and until we, in our discretion,
extend the period of time during which the Offer will remain open. If we extend the period of time during which the Offer remains open,
the term "  ***Expiration Date***" will refer to the latest time and date at which the Offer expires. The purchase price
per Share (or portion thereof) tendered will be equal to the net asset value per Share as of the close of business on the Expiration Date.

The information set forth in the Offer to Purchase is incorporated herein by reference.

(c) Trading Market and Price. The Shares are not currently traded on an established trading market.

**Item 3. Identity and Background of Filing Person.**

(a) Name and Address. The information set forth under Item 2(a) above and in the Offer to Purchase under
Section 9 ("Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning
the Shares") is incorporated herein by reference.

**Item 4. Terms of the Transaction.**

(a) Material Terms. The information set forth in the Offer to Purchase under the "Summary Term Sheet",
Section 1 ("Purchase Price; Number of Shares; Expiration Date"), Section 3 ("Certain Conditions of the Offer"),
Section 4 ("Procedures for Tendering Shares"), Section 5 ("Withdrawal Rights"), Section 6 ("Payment
for Shares"), Section 9 ("Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements
Concerning the Shares"), Section 10 ("Certain Effects of the Offer"), Section 13 ("Certain United States
Federal Income Tax Consequences") and Section 14 ("Amendments; Extension of the Tender Period; Termination") is
incorporated herein by reference.

(b) Purchases. The information set forth in the Offer to Purchase under Section 9 ("Interest of
Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares") is incorporated
herein by reference.

**Item 5. Past Contacts, Transactions, Negotiations and Agreements.**

(a) Agreements Involving the Subject Company's Securities. The information set forth in the Offer to
Purchase under Section 9 ("Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements
Concerning the Shares") is incorporated herein by reference. Except as set forth therein, the Company does not know of any contract,
arrangement, understanding or relationship relating, directly or indirectly, to the Offer (whether or not legally enforceable) between
the Company, any of its executive officers or directors, any person controlling the Company or any officer or director of any corporation
ultimately in control of the Company and any person with respect to any securities of the Company (including, but not limited to, any
contract, arrangement, understanding or relationship concerning the transfer or the voting of any such securities, joint ventures, loan
or option arrangements, puts or calls, guarantees of loans, guarantees against loss, or the giving or withholding of proxies, consents
or authorizations).

**Item 6. Purposes of the Transaction and Plans or Proposals.**

(a) Purposes. The information set forth in the Offer to Purchase under Section 2 ("Purpose of the
Offer; Plans or Proposals of the Company") is incorporated herein by reference.

(b) Use of Securities Acquired. The information set forth in the Offer to Purchase under Section 2 ("Purpose
of the Offer; Plans or Proposals of the Company") and Section 10 ("Certain Effects of the Offer") is incorporated
herein by reference.

(c) Plans. Except as referred to in the Offer to Purchase under Section 2 ("Purpose of the Offer; Plans or Proposals of the
Company"), Section 7 ("Source and Amount of Funds"), Section 10 ("Certain Effects of the Offer")
and Section 11 ("Certain Information about the Company"), each of which is incorporated herein by reference, the Company
does not have any present plans or proposals and are not engaged in any negotiations that relate to or would result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any extraordinary transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) other than in connection with transactions in the ordinary course of the Company's operations and for purposes of funding the Offer, any purchase, sale or transfer of a material amount of assets of the Company or any of its subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any material change in the Company's present dividend rate or policy, or indebtedness or capitalization of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any change in the present Board or management of the Company, including, but not limited to, any plans or proposals to change the number or the term of directors or to fill any existing vacancies on the Board or to change any material term of the employment contract of any executive officer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any other material change in the Company's corporate structure or business, including any plans or proposals to make any changes in the Company's investment policy for which a vote would be required by Section 13 of the Investment Company Act of 1940, as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any class of equity securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an automated quotations system operated by a national securities association;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any class of equity securities of the Company becoming eligible for termination of registration under Section 12(g)(4) of the Securities Exchange Act of 1934, as amended (the "***Exchange Act***");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the suspension of the Company's obligation to file reports pursuant to Section 15(d) of the Exchange Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) the acquisition by any person of additional securities of the Company (other than the Company's intention to accept subscriptions for Shares on the terms set forth in the Company's prospectus), or the disposition of securities of the Company (other than through periodic purchase offers, including the Offer); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) any changes in the Company's charter, bylaws or other governing instruments or other actions that could impede the acquisition of control of the Company.

**Item 7. Source and Amount of Funds or Other Consideration.**

(a) Source of Funds. The information set forth in the Offer to Purchase under Section 7 ("Source
and Amount of Funds") is incorporated herein by reference.

(b) Conditions. Not applicable.

(c) Not applicable.

(d) Borrowed Funds. Not applicable.

**Item 8. Interest in Securities of the Subject Company.**

(a) Securities Ownership. The information set forth in the Offer to Purchase under Section 9 ("Interest
of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares") is incorporated
herein by reference.

(b) Securities Transactions. The information set forth in the Offer to Purchase under Section 9 ("Interest
of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares") is incorporated
herein by reference.

**Item 9. Persons/Assets, Retained, Employed, Compensated or Used.**

(a) Solicitations or Recommendations. Not applicable.

**Item 10. Financial Statements.**

(a) Financial Information. Not applicable. Financial statements have not been included since the consideration
offered to security holders consists solely of cash; the Offer is not subject to any financing condition; and the Company is a public
reporting company under Section 13(a) of the Exchange Act and files its reports electronically on the EDGAR system.

(b) Pro Forma Financial Information. Not applicable.

**Item 11. Additional Information.**

(a) Agreements, Regulatory Requirements and Legal Proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The information set forth in the Offer to Purchase under Section 9 ("Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares") is incorporated herein by reference.

(2)-(5) Not applicable.

(b) Other Material Information. The entire text of the Offer to Purchase and the related Letter of Transmittal,
attached hereto as Exhibit 99(a)(1) (B), are incorporated herein by reference.

**Item 12. Exhibits.**

**EXHIBIT**

---

| | |
|:---|:---|
| **NUMBER** | **DESCRIPTION** |
| [99(a)(1)(A)](tm266852d1_ex99-xax1xa.htm) | [Offer to Purchase, dated February 19, 2026](tm266852d1_ex99-xax1xa.htm) |
| [99(a)(1)(B)](tm266852d1_ex99-xax1xb.htm) | [Letter of Transmittal (including Instructions to Letter of Transmittal)](tm266852d1_ex99-xax1xb.htm) |
| [99(a)(1)(C)](tm266852d1_ex99-xax1xc.htm) | [Email to Stockholders, dated February 19, 2026](tm266852d1_ex99-xax1xc.htm) |
| [99(a)(1)(D)](tm266852d1_ex99-xax1xd.htm) | [Form of Willow Wealth Platform Interface](tm266852d1_ex99-xax1xd.htm) |
| [99(a)(1)(I)](tm266852d1_exfilingfees.htm) | [Filing Fee Exhibit.](tm266852d1_exfilingfees.htm) |

---

**Item 13. Information Required by Schedule 13E-3.**

Not applicable.

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 19, 2026

---

| | |
|:---|:---|
| **Yieldstreet Alternative Income Fund Inc.** | **Yieldstreet Alternative Income Fund Inc.** |
| By: | /s/ Stephen Ferrara |
| Name: | Stephen Ferrara |
| Title: | Chief Financial Officer |

---

## Ex-99.(A)(1)(A)

**Exhibit 99(a)(1)(A)**

**OFFER TO PURCHASE FOR CASH BY**

**YIELDSTREET ALTERNATIVE INCOME FUND INC.**

**SHARES OF ITS COMMON STOCK**

**THE OFFER WILL EXPIRE AT 4:00 PM, EASTERN TIME, ON MARCH 20, 2026, UNLESS THE OFFER IS EXTENDED.**

To the Stockholders of Yieldstreet Alternative Income Fund Inc.:

Yieldstreet Alternative Income Fund Inc., an externally managed, non-diversified, closed-end management investment company incorporated in Maryland (the "***Company***," "***our***," "***we***," or "***us***"), is offering to purchase up to 454,503 of its issued and outstanding common stock, par value $0.001 per share (the "***Shares***"). At the discretion of our Board of Directors (the "***Board***"), we may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares. As of February 18, 2026 (the "***Share Determination Date***"), there were 15,150,107 Shares issued and outstanding. The Shares subject to the Offer represent approximately 3% of the Fund's Shares outstanding as of the Share Determination Date. The purpose of this Offer to Purchase is to provide stockholders with liquidity, since there is no public market for our Shares. See Section 2 below. The offer is made upon the terms and subject to the conditions set forth in this Offer to Purchase and the related Letter of Transmittal (which, together with any amendments or supplements thereto, collectively constitute the "***Offer***"). The Offer will expire at 4:00 PM, Eastern Time, on March 20, 2026, unless and until we, in our discretion, extend the period of time during which the Offer will remain open. If we extend the period of time during which the Offer remains open, the term "***Expiration Date***" will refer to the latest time and date at which the Offer expires. The purchase price per Share (or portion thereof) tendered (the "***Purchase Price***") will be equal to the net asset value per Share as of the close of business on the Expiration Date.

Shareholders should realize that the net asset value of the Shares tendered in this Offer will likely change between the most recent time net asset value was calculated and communicated to them and the net asset value of the Shares as of the Expiration Date (the relevant date for determining the value of the Shares tendered to the Fund for purposes of calculating the Purchase Price of such Shares) and such change could be material. The NAV per Share as of February 18, 2026 (unaudited) was $9.11. The most recently calculated net asset value per Share can be found in your Willow Wealth portfolio available at <u>www.willowwealth.com</u>.

**THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO OTHER CONDITIONS. SEE SECTIONS 1 AND 3 BELOW.**

**IMPORTANT INFORMATION**

Stockholders who desire to tender their Shares must do so by accessing their account and portfolio using the Willow Wealth Platform, which is accessible through <u>www.yieldstreetalternativeincomefund.com</u>. The Company reserves the absolute right to reject tenders determined not to be in appropriate form.

**IF YOU DO NOT WISH TO TENDER YOUR SHARES, YOU NEED NOT TAKE ANY ACTION.**

**NEITHER THE COMPANY NOR ITS BOARD NOR WILLOW ASSET MANAGEMENT LLC (THE "*ADVISER*") MAKES ANY RECOMMENDATION TO ANY STOCKHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING SHARES. NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY RECOMMENDATION ON BEHALF OF THE COMPANY, THE BOARD OR THE ADVISER AS TO WHETHER STOCKHOLDERS SHOULD TENDER OR REFRAIN FROM TENDERING SHARES PURSUANT TO THE OFFER OR TO MAKE ANY REPRESENTATION OR TO GIVE ANY INFORMATION IN CONNECTION WITH THE OFFER OTHER THAN AS CONTAINED HEREIN OR IN THE ACCOMPANYING LETTER OF TRANSMITTAL. IF MADE OR GIVEN, ANY SUCH RECOMMENDATION, REPRESENTATION OR INFORMATION MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY, THE BOARD OR THE ADVISER. STOCKHOLDERS ARE URGED TO EVALUATE CAREFULLY ALL INFORMATION IN THE OFFER, CONSULT THEIR OWN INVESTMENT AND TAX ADVISERS AND MAKE THEIR OWN DECISIONS WHETHER TO TENDER OR REFRAIN FROM TENDERING THEIR SHARES.**

**Neither the U.S. Securities and Exchange Commission nor any state securities commission nor any other regulatory authority has approved or disapproved of these transactions or determined if the information contained herein is truthful or complete. Any representation to the contrary is a criminal offense.**

**The date of this Offer to Purchase is February 19, 2026.**

***The Offer does not constitute an offer to buy or the solicitation of an offer to sell securities in any circumstance or jurisdiction in which such offer or solicitation is unlawful. The delivery of the Offer materials shall not under any circumstances create any implication that the information contained therein is current as of any time subsequent to the date of such information.***

**SUMMARY TERM SHEET**

(Section references are to this Offer to Purchase)

This Summary Term Sheet highlights the material information concerning this Offer. For a more complete discussion of the terms and conditions of the Offer, you should read carefully the entire Offer to Purchase and the related Letter of Transmittal.

**What is the Offer?**

● We are offering to purchase up to 454,503 Shares at a purchase price per Share (the "  ***Purchase Price***") equal to the net asset value per Share as of the close of business on the Expiration Date. The number of Shares purchased pursuant to this Offer is based on the number of Shares outstanding as of the Share Determination Date. At the discretion of the Board, the Company may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares.

**Why is the Company making the tender offer?**

● The Offer is designed to provide a measure of liquidity to our stockholders since there is no current public market. Pursuant to our prospectus dated April 29, 2025, as further amended or supplemented (the "  ***Prospectus*** "), we indicated that, on a quarterly basis, we intend to offer to repurchase Shares on terms as may be determined by the Board. See Section 2 below.

**When will the Offer expire, and may the Offer be extended?**

● The Offer will expire at 4:00 PM, Eastern Time, on March 20, 2026, unless extended. We may extend the period of time the Offer will be open by issuing a press release or making some other public announcement by no later than 9:00 AM, Eastern Time, on the next business day after the Offer otherwise would have expired. See Section 14 below.

**What is the most recent NAV per Share?**

● The NAV per Share as of February 18, 2026 (unaudited) was $9.11. The most recently calculated net asset value per Share can be found in your Willow Wealth portfolio available at www.willowwealth.com. Shareholders should realize that the net asset value of the Shares tendered in this Offer will likely change between the most recent time net asset value was calculated and communicated to them and the net asset value of the Shares as of the Expiration Date (the relevant date for determining the value of the Shares tendered to the Fund for purposes of calculating the Purchase Price of such Shares) and such change could be material.

**Are there conditions to the Offer?**

● Yes. To the extent that the number of Shares submitted to us for repurchase exceeds the number of Shares that we are able to purchase, we will repurchase Shares on a pro rata basis, subject to "odd lot" priority, from among the requests for repurchase received by us, not on a first-come, first-served basis. Further, we will have no obligation to repurchase Shares if the repurchase would violate the restrictions on distributions under U.S. federal law or Maryland law, which prohibit distributions that would cause a corporation to fail to meet statutory tests of solvency. The Board has the right to suspend or terminate the Offer prior to the Expiration Date. See Section 3 below for a more complete description of the conditions to the Offer.

**How do I tender my Shares?**

● You should access your portfolio on the Willow Wealth Platform and obtain the Offer, which consists of the Offer to Purchase, the related Letter of Transmittal and any amendments or supplements thereto. Once you receive these materials, you should read them, and if you decide to tender, you should submit it through the Willow Wealth Platform. These materials must be received by us, in proper form, before the Expiration Date. See Section 4 below.

**May I tender only a portion of the Shares that I hold?**

● Yes. You do not have to tender all or any minimum amount of the Shares that you own to participate in the Offer. However, to qualify for the priority in case of proration, an Odd Lot Holder (as defined below) must tender all Shares owned by any such Odd Lot Holder.

**Is there any cost to tender?**

● You will not be required to pay any brokerage fees or similar expenses to tender your Shares.

**May I withdraw my Shares after I have tendered them and, if so, by when?**

● Yes, you may withdraw your tendered Shares at any time prior to the Expiration Date (including any extension period) by emailing us at <u>investments@willowwealth.com</u>. In addition, you may withdraw your tendered Shares any time after April 15, 2026 (which is 40 business days after the commencement of the Offer), if they have not been accepted for payment by that date. See Section 5 below.

**May I place any conditions on my tender of Shares?**

● No.

**Is there a limit on the number of Shares I may tender?**

● No. However, we are limiting the aggregate number of Shares to be repurchased from all stockholders to 454,503 Shares. The number of Shares purchased pursuant to this Offer is based on the number of Shares outstanding as of the Share Determination Date.

**What if more than the amount of Shares offered for repurchase are tendered (and not timely withdrawn)?**

● We will purchase duly tendered Shares from tendering stockholders pursuant to the terms and conditions of the Offer on a pro rata basis, subject to "odd lot" priority, in accordance with the number of Shares tendered by each stockholder (and not timely withdrawn). Any Shares not purchased during the tender offer period will need to be re-submitted for repurchase in subsequent offers at the subsequent per-Share price.

**If I own fewer than 100 Shares and I tender all of my Shares, will I be subject to proration?**

● If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares and do not properly withdraw them before the Expiration Date, and you check the "I'd like to sell my entire position" box as part of the tender flow accessible on the Willow Wealth Platform, we will purchase all of your Shares without subjecting them to the proration procedure, upon the terms and subject to the conditions of the Offer.

**If I decide not to tender, how will the Offer affect the Shares I hold?**

● If you do not tender your Shares, your percentage ownership interest in the Company will increase after completion of the Offer. See Section 10 below.

**Does the Company have the financial resources to make payment?**

● Yes. See Section 7 below.

**If Shares I tender are accepted by the Company, when will payment be made?**

● Payment for Shares properly tendered (not timely withdrawn) will be made promptly following the Expiration Date. See Section 6 below.

**Is my sale of Shares in the Offer a taxable transaction?**

● For most stockholders, yes. We anticipate that U.S. Stockholders, other than those who are tax-exempt, who sell Shares in the Offer will recognize gain or loss for U.S. federal income tax purposes equal to the difference between the cash they receive for the Shares sold and their adjusted basis in the Shares. The sale date for tax purposes will be the date we accept Shares for purchase. See Section 13 below for details, including the nature of the income or loss and the possibility of other tax treatment. Section 13 also discusses the treatment of Non-U.S. Stockholders. Please consult your tax adviser as well.

**Is the Company required to complete the Offer and purchase all Shares tendered, assuming the total Shares tendered are less than the total Shares offered?**

● Under most circumstances, yes. There are certain circumstances, however, in which we will not be required to purchase any Shares tendered, as described in Section 3 below.

**Is there any reason Shares tendered would not be accepted?**

● We have reserved the right to reject any and all tenders determined by us not to be in appropriate form.

**How will tendered Shares be accepted for payment?**

● Properly tendered Shares will be accepted for payment promptly following acceptance by us. See Section 6 below.

**What action need I take if I decide not to tender my Shares?**

● None.

**Does management encourage stockholders to participate in the Offer, and will they participate in the Offer?**

● No. Neither we nor our Board nor the Adviser is making any recommendation to tender or not to tender Shares in the Offer. See Section 9 below.

**How do I obtain information?**

● Questions and requests for assistance or requests for additional copies of the Offer to Purchase, the Letter of Transmittal and all other Offer documents should be directed to Yieldstreet Alternative Income Fund Inc. as follows:

Our website: <u>www.yieldstreetalternativeincomefund.com</u> <br>Telephone: (844) 943-5378

The Letter of Transmittal may be submitted by accessing your portfolio through the Willow Wealth Platform, which is accessible through <u>www.yieldstreetalternativeincomefund.com</u>.

**TABLE OF CONTENTS**

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| **<u>Section</u>** | **<u>Page</u>** |

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***1.***  ***Purchase Price; Number of Shares; Expiration Date.*** 1

***2.***  ***Purpose of the Offer; Plans or Proposals of the Company.*** 2

***3.***  ***Certain Conditions of the Offer.*** 2

***4.***  ***Procedures for Tendering Shares.*** 2

a. Proper Tender of Shares and Method of Delivery. 3

b. Determination of Validity. 3

c. United States Federal Income Tax Withholding. 3

***5.***  ***Withdrawal Rights.*** 3

***6.***  ***Payment for Shares.*** 3

***7*.**  ***Source and Amount of Funds.*** 4

***8.***  ***Financial Statements.*** 4

***9.***  ***Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares.*** 4

***10.***  ***Certain Effects of the Offer*** 4

***11.***  ***Certain Information about the Company.*** 4

***12.***  ***Additional Information.*** 5

***13.***  ***Certain United States Federal Income Tax Consequences.*** 5

a. U.S. Stockholders. 5

b. Non-U.S. Stockholders. 6

***14.***  ***Amendments; Extension of Tender Period; Termination.*** 7

***15.***  ***Forward Looking Statements; Miscellaneous.*** 7

**1.**  ***Purchase Price; Number of Shares; Expiration Date.*** 

The Company is offering to purchase up to 454,503 Shares at a purchase price equal to the net asset value per Share as of the close of business on the Expiration Date. The number of Shares purchased pursuant to this Offer is based on the number of Shares outstanding as of the Share Determination Date. At the discretion of the Board, the Company may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares. The purpose of the Offer is to provide stockholders with a measure of liquidity since there is no public market for our Shares. See Section 2 below.

The Company has previously announced its intention to conduct tender offers on a quarterly basis to provide stockholders with liquidity for their Shares (our "repurchase program"). We will limit the number of shares to be repurchased pursuant to our share repurchase program in any calendar year to 20% of the number of Shares outstanding, or 5% in each quarter, though the actual number of Shares that we offer to repurchase may be less. To the extent the Board determines that it is appropriate to do so, the Company may reduce the repurchase price in any quarter by up to 2% in order to offset the expenses it expects to incur in connection with conducting such repurchase offer.

If you wish to tender your Shares to be repurchased, you may submit your request by accessing your Willow Wealth portfolio through the Willow Wealth Platform, which is accessible through *<u>www.yieldstreetalternativeincomefund.com</u>*. If more than the amount of Shares offered for repurchase are duly tendered pursuant to the Offer (and not withdrawn, as provided in Section 5 below), we will repurchase Shares on a pro-rata basis, subject to "odd lot" priority, in accordance with the number of Shares duly tendered by or on behalf of each stockholder (and not so withdrawn). As a result, we may repurchase less than the full amount of Shares that you request to have repurchased.

If the number of Shares submitted to us for repurchase exceeds the number of Shares that we are able to purchase, we will repurchase Shares on a pro rata basis, subject to "odd lot" priority, among the requests for repurchase received by us. The term "odd lots" means all Shares tendered by any person (an "***Odd Lot Holder***") who owned beneficially or of record an aggregate of fewer than 100 Shares and checks the "I'd like to sell my entire position" box as part of the tender flow on the Willow Wealth Platform. Odd lots will be accepted for payment before any proration of the purchase of other tendered Shares, provided that (a) this priority is not available to partial tenders or to beneficial or record holders of 100 or more Shares in the aggregate, even if these holders have separate accounts or certificates representing fewer than 100 Shares, and (b) to qualify for this priority, an Odd Lot Holder must tender all Shares owned by the Odd Lot Holder in accordance with the procedures described in Section 4.

As of the Share Determination Date, there were 15,150,107 Shares issued and outstanding, and there were 9,513 holders of record of our Shares. Of these Shares, we are offering to repurchase up to 454,503 Shares.

The Offer will remain open until 4:00 PM, Eastern Time, on March 20, 2026 (the "***Expiration Date***"), unless and until we, in our discretion, extend the period of time during which the Offer will remain open. If we extend the period of time during which the Offer remains open, the term "***Expiration Date***" will refer to the latest time and date at which the Offer expires. See Section 14 below for a description of our rights to extend, delay, terminate and/or amend the Offer.

A "business day" means any day other than a Saturday, Sunday or U.S. federal holiday and consists of the time period from 12:01 a.m. through midnight, Eastern Time.

In the judgment of our Board, including the independent directors, the Offer is in the best interests of our stockholders and does not violate applicable law. Under the Maryland General Corporation Law, a Maryland corporation may not make a distribution to stockholders, including pursuant to a repurchase program, if, after giving effect to the distribution, (i) the corporation would not be able to pay its indebtedness in the ordinary course or (ii) the corporation's total assets would be less than its total liabilities plus preferential amounts payable on dissolution with respect to preferred stock. In addition, the Maryland General Corporation Law requires that distributions may be made from (a) a corporation's net earnings for the fiscal year in which the distribution is made, or (b) the sum of the net earnings of the corporation for the preceding eight fiscal quarters.

The Board also considered the following factors, among others, in making its determination regarding whether to cause us to offer to repurchase Shares and under what terms:

● the effect of such repurchases on our qualification as a RIC (including the consequences of any necessary asset sales);

● the liquidity of our assets (including fees and costs associated with disposing of assets);

● our investment plans and working capital requirements;

● the relative economies of scale with respect to our size;

● our history in repurchasing Shares or portions thereof; and

● the condition of the securities markets.

The Board has approved this Offer. The Board recognizes that the decision to accept or reject the Offer is an individual one that should be based on a variety of factors, and stockholders should consult with their personal advisers if they have questions about their financial or tax situation. As a result, we are not expressing any opinion as to whether a stockholder should accept or reject this Offer.

**2.**  ***Purpose of the Offer; Plans or Proposals of the Company.*** 

The purpose of the Offer is to provide a measure of liquidity to our stockholders since there is no public market for the Shares. In our Prospectus, we indicated our intention to periodically repurchase a limited number of Shares at a price per Share (or portion thereof) equal to the net asset value per Share as of the close of business on the Expiration Date. This intention is a recognition of the fact that our Shares are not listed on a national securities exchange and have limited liquidity. In the Prospectus, the Company indicated that from time to time, it may offer to repurchase Shares at such times and on such terms as may be determined by the Board in its sole discretion.

In this regard, in the Prospectus, we stated our intention to make offers to repurchase Shares on a quarterly basis (our "repurchase program"). In the Prospectus, we stated that these repurchases would be made at such times and on such terms as may be determined by the Board, in its sole discretion. At the discretion of the Board, we may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares. A certain amount of cash may be reserved for upcoming investments. We will limit the number of shares to be repurchased pursuant to our share repurchase program in any calendar year to 20% of the number of Shares outstanding, or 5% in each quarter, though the actual number of Shares that we offer to repurchase may be less. To the extent our Board determines that it is appropriate to do so, we may reduce the repurchase price in any quarter by up to 2% in order to offset the expenses we expect to incur in connection with conducting such repurchase offer.

Other than as disclosed herein, we do not have any present plans or proposals and are not engaged in any negotiations that relate to or would result in: (i) any extraordinary transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (ii) other than in connection with transactions in the ordinary course of the Company's operations and for purposes of accompanying the Offer, any purchase, sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iii) any material change in the Company's present dividend rate or policy, or indebtedness or capitalization of the Company; (iv) any change in the composition of the Board or management of the Company, including, but not limited to, any plans or proposals to change the number or the term of members of the Board, to fill any existing vacancies on the Board or to change any material term of the employment contract of any executive officer; (v) any other material change in the Company's corporate structure or business, including any plans or proposals to make any changes in the Company's investment policy for which a vote would be required by Section 13 of the Investment Company Act of 1940, as amended (the "***1940 Act***"); (vi) the acquisition by any person of additional securities of the Company (other than the Company's intention to accept subscriptions for Shares on the terms set forth in the Company's prospectus), or the disposition of securities of the Company (other than through periodic purchase offers, including the Offer); or (vii) any changes in the Company's charter, bylaws or other governing instruments or other actions that could impede the acquisition of control of the Company.

**3.**  ***Certain Conditions of the Offer.*** 

Shares held of record as of the date of this Offer are eligible to be repurchased pursuant to the Offer. If the amount of repurchase requests exceeds the number of Shares we seek to repurchase, we will repurchase Shares on a pro-rata basis (subject to the exception for Odd Lot Holders who tender all of their Shares). To the extent that any Shares are not purchased during the Offer, you may have the opportunity to tender such shares in future tender offers as described under Section 2.

Notwithstanding any other provision of the Offer, we will not be required to purchase any Shares tendered pursuant to the Offer if such repurchase will cause us to be in violation of the securities, commodities or other laws of the United States or any other relevant jurisdiction. Further, we will not be required to purchase any Shares tendered in the Offer if there is any (i) material legal action or proceeding instituted or threatened which challenges, in the Board's judgment, the Offer or otherwise materially adversely affects the Company, (ii) declaration of a banking moratorium by Federal, state or foreign authorities or any suspension of payment by banks in the United States, New York State or in a foreign country which is material to the Company, (iii) limitation that affects the Company or the issuers of its portfolio securities imposed by Federal, state or foreign authorities on the extension of credit by lending institutions or on the exchange of foreign currencies, (iv) commencement of war, armed hostilities or other international or national calamity directly or indirectly involving the United States or any foreign country that is material to the Company or (v) other event or condition which, in the Board's judgment, would have a material adverse effect on the Company or its stockholders if Shares tendered pursuant to the Offer were purchased.

The foregoing conditions are for our sole benefit and may be asserted by us regardless of the circumstances giving rise to any such condition, and any such condition may be waived by us, in whole or in part, at any time and from time to time in our reasonable judgment. Our failure at any time to exercise any of the foregoing rights shall not be deemed a waiver of any such right; the waiver of any such right with respect to particular facts and circumstances shall not be deemed a waiver with respect to any other facts or circumstances; and each such right shall be deemed an ongoing right which may be asserted at any time and from time to time; *provided* that any such waiver shall apply to all tenders of Shares. Any determination by us concerning the events described in this Section 3 shall be final and binding.

We reserve the right, at any time during the pendency of the Offer, to amend, extend or terminate the Offer in any respect. See Section 14 below.

**4.**  ***Procedures for Tendering Shares.*** 

Participation in the Offer is voluntary. If you elect not to participate in the Offer, your Shares will remain outstanding. To participate in the Offer, you must submit your acceptance through your account using the Willow Wealth Platform, which is accessible through *<u>www.yieldstreetalternativeincomefund.com</u>.*

To participate in the Offer, your election must be submitted to us on or before the Expiration Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*a.* *Proper Tender of Shares and Method of Delivery.* 

For Shares to be properly tendered pursuant to the Offer, you must submit your acceptance notice to us through the Willow Wealth Platform before the Expiration Date. These materials must be submitted by accessing your account using the Willow Wealth Platform, which is accessible through *<u>www.yieldstreetalternativeincomefund.com</u>.* Odd Lot Holders who tender all of their Shares must also check the "I'd like to sell my entire position" box to qualify for the priority treatment available to Odd Lot Holders as set forth in Section 1.

Stockholders have the responsibility to cause their Shares to be tendered and their acceptance duly submitted through the Willow Wealth Platform to be timely delivered. Timely delivery is a condition precedent to acceptance of Shares for purchase pursuant to the Offer and to payment of the purchase amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*b.* *Determination of Validity.* 

All questions as to the validity, form, eligibility (including time of receipt) and acceptance of tenders will be determined by us, in our sole discretion, which determination shall be final and binding. We reserve the absolute right to reject any or all tenders determined not to be in appropriate form or to refuse to accept for payment, purchase, or pay for, any Shares if, in the opinion of our counsel, accepting, purchasing or paying for such Shares would be unlawful. We also reserve the absolute right to waive any of the conditions of the Offer or any defect in any tender, whether generally or with respect to any particular Share(s) or stockholder(s). Our interpretations, in consultation with our counsel, of the terms and conditions of the Offer shall be final and binding, subject to the rights of tendering stockholders to challenge our determination in a court of competent jurisdiction.

**NEITHER THE COMPANY, NOR THE BOARD, NOR THE ADVISER NOR ANY OTHER PERSON IS OR WILL BE OBLIGATED TO GIVE ANY NOTICE OF ANY DEFECT OR IRREGULARITY IN ANY TENDER, AND NONE OF THEM WILL INCUR ANY LIABILITY FOR FAILURE TO GIVE ANY SUCH NOTICE.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*c.* *United States Federal Income Tax Withholding.* 

To prevent the imposition of U.S. federal backup withholding tax equal to 24% of the gross payments made pursuant to the Offer, prior to receiving such payments, each stockholder accepting the Offer who has not previously submitted to the Company a correct, completed and signed Internal Revenue Service ("***IRS***") Form W-9 ("***Form W-9***") (for U.S. Stockholders) or IRS Form W-8BEN ("***Form W-8BEN***"), IRS Form W-8BEN-E ("***Form W-8BEN-E***"), IRS Form W-8IMY ("***Form W-8IMY***"), IRS Form W-8ECI ("***Form W-8ECI***"), or other applicable form (for Non-U.S. Stockholders), or otherwise established an exemption from such withholding, must submit the appropriate form to the Company or complete the W-9 Certification in the Letter of Transmittal. See Section 13 below.

For this purpose, a "U.S. Stockholder" is, in general, a stockholder that is (i) an individual who, for U.S. federal income tax purposes, is a citizen or resident of the United States, (ii) a corporation or other entity treated as a corporation for U.S. federal income tax purposes, created or organized in or under the laws of the United States, any state thereof, or the District of Columbia, (iii) an estate, the income of which is subject to U.S. federal income taxation regardless of the source of such income or (iv) a trust (A) subject to the control of one or more U.S. persons and the primary supervision of a court in the United States, or (B) that existed on August 20, 1996 and has made a valid election (under applicable U.S. Treasury regulations) to be treated as a domestic trust. A "Non-U.S. Stockholder" is any stockholder other than a U.S. Stockholder.

**5.**  ***Withdrawal Rights.*** 

At any time prior to 4:00 PM, Eastern Time, on the Expiration Date, and, if the Shares have not by then been accepted for payment by us, at any time after April 15, 2026 (which is forty (40) business days after the commencement of the Offer), any stockholder may withdraw any amount of the Shares that the stockholder has tendered. To be effective, a written notice of tender cancellation of Shares tendered must be timely received by us via the Willow Wealth Platform. Any notice of tender cancellation must use the applicable form available by accessing your account using the Willow Wealth Platform and specify the name(s) of the person having tendered the Shares to be withdrawn and the number of Shares to be withdrawn.

All questions as to the validity, form and eligibility (including time of receipt) of notices of withdrawal will be determined by us in our sole discretion, which determination shall be final and binding. Shares properly withdrawn will not thereafter be deemed to be tendered for purposes of the Offer. Withdrawn Shares, however, may be re-tendered by following the procedures described in Section 4 above prior to 4:00 PM, Eastern Time, on the Expiration Date.

**6.**  ***Payment for Shares.*** 

Properly tendered Shares will be accepted for payment promptly following acceptance by us. Our acceptance of your Shares will form a binding agreement between you and the Company on the terms and subject to the conditions of the Offer. You will not receive interest on the Purchase Price under any circumstances.

In all cases, payment for Shares purchased pursuant to the Offer will be made only after timely receipt by us of the submission of your acceptance through the Willow Wealth Platform. There will be no brokerage commissions or processing fees charged for processing tenders. We will pay any transfer taxes payable on the transfer of Shares purchased pursuant to the Offer. If, however, tendered Shares are registered in the name of any person other than the person signing the Letter of Transmittal, the amount of any such transfer taxes (whether imposed on the registered owner or such other person) payable on account of the transfer to such person of such Shares will be deducted from the Purchase Price unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted. We may not be obligated to purchase Shares pursuant to the Offer under certain conditions. See Section 3 above.

Any tendering stockholder or other payee who has not previously submitted a correct, completed and signed Form W-9, Form W-8BEN, Form W-8BEN-E, Form W-8IMY, Form W-8ECI or other appropriate form, as necessary, and who fails to complete the W-9 Certification in the Letter of Transmittal or complete fully and sign either the Substitute Form W-9 or other appropriate form (e.g., Form W-8BEN, Form W-8BEN-E, Form W-8IMY or Form W-8ECI) and provide such properly completed form to us may be subject to federal backup withholding tax of 24% of the gross proceeds paid to such stockholder or other payee pursuant to the Offer. See Section 13 regarding this tax as well as possible withholding at the rate of 30% (or lower applicable treaty rate) on the gross proceeds payable to tendering Non-U.S. Stockholders.

**7.**  ***Source and Amount of Funds.*** 

As discussed in Section 1, we are offering to purchase 454,503 Shares. The purchase price per Share (or portion thereof) tendered will be equal to the net asset value per Share as of the close of business on the Expiration Date. At the discretion of the Board, we may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares.

**8.**  ***Financial Statements.*** 

Financial statements have not been included since the consideration offered to stockholders consists solely of cash; the Offer is not subject to any financing condition; and the Company is a public reporting company under Section 13(a) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**") and files its reports electronically on the EDGAR system.

Information about the Company and reports filed with the SEC are available on the SEC's website at <u>http://www.sec.gov</u>. Copies of these reports may be obtained, after paying a duplicating fee, by electronic request at the following e-mail address: publicinfo@sec.gov. This information will also be available free of charge by contacting us at 300 Park Avenue, 15<sup>th</sup> Floor, New York, NY 10022, or by telephone at (844) 943-5378 or on our website at *<u>www.yieldstreetalternativeincomefund.com</u>*.

**9.**  ***Interest of Directors, Executive Officers and Certain Related Persons; Transactions and Arrangements Concerning the Shares.*** 

As of the Share Determination Date, we are not aware of any persons that are beneficial owners of 5% or more of our outstanding Shares, as determined in accordance with Rule 13d-3 under the Exchange Act.

The aggregate number and percentage of the Shares held by the directors and executive officers of the Company beneficially are set forth below.

As of February 19, 2026, the officers and directors of the Company, as a group, beneficially owned **less than 1%** of our outstanding Shares of the Company.

During the 60 days prior to the Share Determination Date, the Company has issued an aggregate of approximately 0.13 million Shares, including Shares issued in connection with our distribution reinvestment plan (the "***DRIP***"), for net proceeds of approximately $0.9 million, in closings that occurred on various dates. Except for Shares issued under our DRIP, and based upon our records and upon information provided to us, there have not been any other transactions in Shares that were effected during such period by any of our directors or executive officers, any person controlling the Company, any director or executive officer of any corporation or other person ultimately in control of the Company, any associate or minority-owned subsidiary of the Company or any executive officer or director of any subsidiary of the Company. Except as set forth in this Offer, neither we nor, to the best of our knowledge, any of the above mentioned persons, is a party to any contract, arrangement, understanding or relationship with any other person relating, directly or indirectly, to the Offer with respect to any of our securities (including, but not limited to, any contract, arrangement, understanding or relationship concerning the transfer or the voting of any such securities, joint ventures, loan or option arrangements, puts or calls, guaranties of loans, guaranties against loss or the giving or withholding of proxies, consents or authorizations). Based upon information provided or available to us, none of our directors, officers or affiliates intends to tender Shares pursuant to the Offer. The Offer does not, however, restrict the purchase of Shares pursuant to the Offer from any such person.

**10.**  ***Certain Effects of the Offer*** 

The purchase of Shares pursuant to the Offer will have the effect of increasing the proportionate interest in the Company of stockholders who do not tender Shares. All stockholders remaining after the Offer will be subject to any increased risks associated with the reduction in the number of outstanding Shares and the reduction in the Company's assets resulting from payment for the tendered Shares. See Section 7 above. All Shares purchased by the Company pursuant to the Offer will be retired and thereafter will be authorized and unissued Shares.

**11.**  ***Certain Information about the Company.*** 

We are an externally managed, non-diversified, closed-end management investment company that has registered as an investment company under the 1940 Act. We are managed by Willow Asset Management LLC, a registered investment adviser under the Investment Advisers Act of 1940, as amended, which oversees the management of our activities and is responsible for making investment decisions for our portfolio. We have elected to be treated for U.S. federal income tax purposes as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended (the "***Code***").

Our investment objective is to generate current income and, as a secondary objective, capital appreciation. We intend to seek to achieve our investment objective by primarily investing in debt securities and other credit instruments across multiple sectors, either directly or through separate investment structures or vehicles that provide us with exposure to such securities, which we refer to collectively as "Credit Investments." Such Credit Investments may include instruments directly or indirectly secured by real or personal property. We may also acquire Credit Investments that include, but are not limited to, automotive loans, corporate loans, receivable financing, litigation financing, art financing, oil and gas financing, purchase order financing, consumer loans, retail point of sale financing, marine and shipping finance, aircraft leasing and financing, asset based financing, working capital loans, cash flow loans, short term loans, merchant cash advances, equipment financing, residential and commercial loans and mortgages, loan participations and assignments, and delayed funding loans and credit facilities, as well as instruments that are directly or indirectly secured by such assets, including in certain cases participation interests in the underlying loans, which we refer to as "Participation Interests." In addition to Credit Investments, we may also selectively acquire equity or similar ownership interests in assets of the type underlying the Credit Investments we intend to target, including, without limitation, real estate, litigation financing, securitizations or structured investments and merchant cash advances secured by cash flow or future earnings.

On November 18, 2024, we entered into a revolving credit facility (the "***Credit Facility***") pursuant to a Loan, Guarantee and Security Agreement by and among the Company, as borrower, certain subsidiaries of the Company as guarantors, and Esquire Bank, National Association, as lender, pursuant to which the Company may borrow up to an aggregate principal amount of $20 million outstanding any at time, subject to certain specified limitations and conditions. The Company currently borrows under the Credit Facility opportunistically and may choose to increase or decrease its use of leverage from time to time based on the Company's available liquidity and its assessment of market conditions and the investment environment. There can be no assurance that the Company's leveraging strategy will be successful during any period in which it is employed or that it will be able to renew the Credit Facility on terms consistent with those available under the Credit Facility today, or on any terms at all.

Our principal office is located at 300 Park Avenue, 15<sup>th</sup> Floor, New York, NY 10022, or by telephone at (844) 943-5378.

**12.**  ***Additional Information.*** 

Information concerning our business, including our background, strategy, business, investment portfolio, competition, and personnel, as well as our financial information, is included in:

● our Prospectus, as filed with the SEC on April 29, 2025, and as supplemented and amended to date;

● our Annual Report dated February 28, 2025 for the year ended December 31, 2024, as filed with the SEC on March 7, 2025; and

● our Semi-Annual Report on Form N-CSRS for the period ended June 30, 2025, as filed with the SEC on September 4, 2025.

Each of the foregoing documents is incorporated by reference herein. We also hereby incorporate by reference additional documents that we may file with the SEC between the date of this Offer and the Expiration Date of this Offer. The SEC maintains an Internet site that contains reports, proxy and information statements and other information filed electronically by us with the SEC, which are available on the SEC's website at *http://www.sec.gov.* Copies of these reports, proxy and information statements and other information may be obtained, after paying a duplicating fee, by electronic request at the following e-mail address: publicinfo@sec.gov. This information will also be available free of charge by contacting us at 300 Park Avenue, 15<sup>th</sup> Floor, New York, NY 10022, or by telephone at (844) 943-5378 or on our website at *<u>www.yieldstreetalternativeincomefund.com</u>.*

**13.**  ***Certain United States Federal Income Tax Consequences.*** 

The following discussion is a general summary of the U.S. federal income tax consequences of a sale of Shares pursuant to the Offer. This summary is based upon the Code, applicable U.S. Treasury regulations promulgated thereunder, rulings and administrative pronouncements and judicial decisions, each as in effect as of the date of this Offer to Purchase and all of which are subject to change, possibly retroactively, which could affect the continuing validity of this discussion. This summary addresses only Shares held as capital assets and does not address certain tax consequences that may be relevant to certain types of holders subject to special treatment under U.S. federal income tax laws, including stockholders subject to the alternative minimum tax, tax-exempt organizations, insurance companies, dealers in securities, pension plans and trusts, holders who hold the Shares as part of a hedge or straddle, and financial institutions. This summary does not address all of the tax consequences that may be relevant to stockholders in light of their particular circumstances. In addition, this summary does not address (a) any state, local or foreign tax considerations that may be relevant to a stockholder's decision to tender Shares pursuant to the Offer; or (b) any tax consequences to partnerships or entities classified as partnerships for U.S. federal tax purposes (or their partners or members) tendering Shares pursuant to the Offer. Stockholders should consult their own tax advisers regarding the tax consequences of a sale of Shares pursuant to the Offer, as well as the effects of state and local or foreign tax laws. See Section 4.c. "Procedures for Tendering Shares — United States Federal Income Tax Withholding" above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*a.* *U.S. Stockholders.* 

The sale of Shares pursuant to the Offer will be a taxable transaction for U.S. federal income tax purposes, either as a "sale or exchange," or under certain circumstances, as a "dividend." Under Section 302(b) of the Code, a sale of Shares pursuant to the Offer generally will be treated as a "sale or exchange" if the receipt of cash: (a) results in a "complete termination" of the stockholder's interest in the Company, (b) is "substantially disproportionate" with respect to the stockholder or (c) is "not essentially equivalent to a dividend" with respect to the stockholder. In determining whether any of these tests has been met, Shares actually owned, as well as Shares considered to be owned by the stockholder by reason of certain constructive ownership rules set forth in Section 318 of the Code, generally must be taken into account. Although it is generally anticipated that most stockholders who tender Shares would satisfy one of these three tests for "sale or exchange" treatment, stockholders should consult their own tax advisers to determine if any of these tests would be satisfied in light of their own unique circumstances. If any of these three tests for "sale or exchange" treatment is met, a stockholder will recognize gain or loss equal to the difference between the amount of cash received pursuant to the Offer and the adjusted tax basis of the Shares sold. The gain or loss will be a capital gain or loss. In general, capital gain or loss with respect to Shares sold will be long-term capital gain or loss if the holding period for such Shares is more than one year. The maximum long-term capital gains rate applicable to non-corporate stockholders is generally 20%. The ability to deduct capital losses is limited. Under the "wash sale" rules of the Code, recognition of a loss on Shares sold pursuant to the Offer will ordinarily be disallowed to the extent a stockholder acquires substantially identical Shares within 30 days before or after the date the Shares are purchased by the Company pursuant to the Offer. In that event, the basis and holding period of the Shares acquired will be adjusted to reflect the disallowed loss. Additionally, any loss realized upon a taxable disposition of Shares held for six months or less will be treated as a long-term capital loss to the extent of any capital gains dividends received by the stockholder (or amounts credited to the stockholder as undistributed capital gains) with respect to such Shares.

If none of the tests set forth in Section 302(b) of the Code is met, amounts received by a stockholder who sells Shares pursuant to the Offer will be taxable to the stockholder as a "dividend" to the extent of such Stockholder's allocable share of the Company's current or accumulated earnings and profits. The excess of such amounts received over the portion that is taxable as a dividend will constitute a non-taxable return of capital (to the extent of the Stockholder's adjusted tax basis in the Shares sold pursuant to the Offer). Any amounts received in excess of the Stockholder's adjusted tax basis in such case will be treated as gain from a "sale or exchange" of such Shares taxable as discussed in the preceding paragraph. If the amounts received by a tendering Stockholder are treated as a "dividend," the adjusted tax basis in the Shares tendered to the Company will be transferred to any remaining Shares held by such stockholder.

In addition, if a tender of Shares is treated as a "dividend" to a tendering stockholder, the IRS may take the position that a constructive distribution under Section 305(c) of the Code may result to a stockholder whose proportionate interest in the earnings and assets of the Company has been increased by such tender. Stockholders are urged to consult their own tax advisers regarding the possibility of deemed distributions resulting from the purchase of Shares pursuant to the Offer.

Individuals with modified adjusted gross incomes in excess of $200,000 ($250,000 in the case of married individuals filing jointly) and certain estates and trusts are subject to an additional 3.8% tax on their "net investment income," which generally includes net income from interest, dividends, annuities, royalties, and rents, and net capital gains (other than certain amounts earned from trades or businesses).

The Company (or the applicable withholding agent) may be required to withhold backup withholding from the gross proceeds paid to a U.S. Stockholder or other payee pursuant to the Offer unless either: (a) the U.S. Stockholder has completed and submitted to the Company a Form W-9 (or other applicable form), providing the U.S. Stockholder's employer identification number or social security number as applicable, and certifying under penalties of perjury that: (1) such number is correct; (2) either (i) the U.S. Stockholder is exempt from backup withholding, (ii) the U.S. Stockholder has not been notified by the IRS that the U.S. Stockholder is subject to backup withholding as a result of an under-reporting of interest or dividends, or (iii) the IRS has notified the U.S. Stockholder that the U.S. Stockholder is no longer subject to backup withholding; or (b) an exception applies under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*b.* *Non-U.S. Stockholders.* 

The U.S. federal income taxation of a Non-U.S. Stockholder on a sale of Shares pursuant to the Offer depends on whether this transaction is "effectively connected" with a trade or business carried on in the U.S. by the Non-U.S. Stockholder (and if an income tax treaty applies, on whether the Non-U.S. Stockholder maintains a U.S. permanent establishment) as well as the tax characterization of the transaction as either a sale of the Shares or a dividend distribution by the Company, as discussed above for U.S. Stockholders. If the sale of Shares pursuant to the Offer is not so effectively connected (or, if an income tax treaty applies, the Non-U.S. Stockholder does not maintain a U.S. permanent establishment) and if, as anticipated for U.S. Stockholders, it gives rise to gain or loss rather than dividend treatment, any gain realized by a Non-U.S. Stockholder upon the tender of Shares pursuant to the Offer generally will not be subject to U.S. federal income tax or to any U.S. tax withholding; provided, however, that such a gain will be subject to U.S. federal income tax at the rate of 30% (or such lower rate as may be applicable under an income tax treaty) if the Non-U.S. Stockholder is a non-resident alien individual who is physically present in the United States for more than 182 days during the taxable year of the sale. If, however, Non-U.S. Stockholders are deemed, for the reasons described above in respect of U.S. Stockholders, to receive a dividend distribution from the Company with respect to Shares they tender, the portion of the distribution treated as a dividend to the Non-U.S. Stockholder would be subject to a U.S. withholding tax at the rate of 30% (or such lower rate as may be applicable under a tax treaty) if the dividend is not effectively connected with the conduct of a trade or business in the United States by the Non-U.S. Stockholder (or, if an income tax treaty applies, the Non-U.S. Stockholder does not maintain a U.S. permanent establishment). The amount of the dividend subject to withholding tax generally would not include any portion of such dividend properly reported as a capital gain dividend. In addition, the amount of the dividend subject to withholding tax generally would not include any portion of such dividend properly reported as an interest-related dividend or short-term capital gain dividend. Non-U.S. Stockholders subject to dividend treatment with respect to the tender should contact their own tax advisors to discuss the consequence and status of this provision.

If the amount realized on the tender of Shares by a Non-U.S. Stockholder is effectively connected with the conduct of a U.S. trade or business by the Non-U.S. Stockholder (and, if an income tax treaty applies, the Non-U.S. Stockholder maintains a U.S. permanent establishment), regardless of whether the tender is characterized as a sale or as giving rise to a dividend distribution from the Company for U.S. federal income tax purposes, the transaction will be treated and taxed in the same manner discussed above as if the Shares involved were tendered by a U.S. Stockholder.

Any dividends received by a corporate Non-U.S. Stockholder that are effectively connected with a U.S. trade or business in which the corporate stockholder is engaged (and if an income tax treaty applies, are attributable to a U.S. permanent establishment maintained by the corporate Non-U.S. Stockholder) also may be subject to an additional branch profits tax at a 30% rate, or lower applicable treaty rate.

Non-U.S. Stockholders should provide the Company with a properly completed Form W-8BEN, Form W-8BEN-E, Form W-8IMY, Form W- 8ECI or other applicable form in order to avoid backup withholding on the cash they receive from the Company regardless of how they are taxed with respect to their tender of the Shares involved.

Legislation commonly referred to as "FATCA" generally imposes a 30% withholding tax on payments of certain types of income to foreign financial institutions that either fail to enter into an agreement with the U.S. Treasury to report certain required information with respect to accounts held by U.S. persons (or held by foreign entities that have U.S. persons as substantial owners) or reside in a jurisdiction that has not entered into an intergovernmental agreement with the IRS to provide such information. The types of income subject to the tax include U.S. source interest and dividends and the gross proceeds from the sale of any property that could produce U.S.-source interest or dividends. The information required to be reported includes the identity and taxpayer identification number of each account holder that is a U.S. person and transaction activity within the holder's account. In addition, subject to certain exceptions, this legislation also imposes a 30% withholding on payments to foreign entities that are not financial institutions unless the foreign entity certifies that it does not have a greater than 10% U.S. owner or provides the withholding agent with identifying information on each greater than 10% U.S. owner. Depending on the status of a Non-U.S. Holder and the status of the intermediaries through which they hold their Shares, Non-U.S. Holders could be subject to this 30% withholding tax with respect to distributions on their Shares and proceeds from the sale of their Shares.

If a tendering Non-U.S. Stockholder is subject to withholding under FATCA and is also subject to either backup withholding or U.S. nonresident withholding at source, the Company will withhold only under FATCA (subject to an ability by the Company to elect to backup withhold in certain circumstances). Under certain circumstances, a Non-U.S. Holder might be eligible for refunds or credits of such taxes.

**The tax discussion set forth above is included for general information only. Each Stockholder is urged to consult such Stockholder's own tax adviser to determine the particular tax consequences to him or her of the Offer, including the applicability and effect of state, local and foreign tax laws.**

**14.**  ***Amendments; Extension of Tender Period; Termination.*** 

We reserve the right, at any time during the pendency of the Offer, to amend, supplement, extend or terminate the Offer in any respect. Without limiting the manner in which we may choose to make a public announcement of such an amendment, supplement, extension or termination, we shall have no obligation to publish, advertise or otherwise communicate any such public announcement, except as provided by applicable law (including Rules 14e-1(d) and 13e-4(e)(3) promulgated under the Exchange Act).

We may extend the period of time the Offer will be open by issuing a press release or making some other public announcement by no later than 9:00 AM, Eastern Time, on the next business day after the Offer would have expired. Except to the extent required by applicable law (including Rule 13e-4(f)(1) promulgated under the Exchange Act), we will have no obligation to extend the Offer.

**15.**  ***Forward Looking Statements; Miscellaneous.*** 

This Offer may include forward-looking statements. The forward-looking statements contained in this Offer may include statements as to:

● the impact of an economic downturn on the ability of the issuer of a senior secured loan to continue to operate, which could lead to the loss of some or all of our investment in such senior secured loan or collateralized loan obligation investment;

● the impact of interest rate volatility on our results, particularly if we elect to use leverage as part of our investment strategy;

● our future operating results;

● our business prospects and the prospects of the companies in which we may invest;

● our expected financings and investments;

● the ability of our portfolio companies to achieve their objectives;

● the adequacy of our cash resources and working capital;

● the timing of cash flows, if any, from the securities in which we invest;

● our repurchase of Shares;

● our contractual arrangements and relationships with third parties;

● the dependence of our future success on the general economy and its impact on the industries in which we invest;

● our ability to source favorable investments;

● our use of financial leverage;

● our tax status;

● the timing and amount of interest distributions and dividends from the investments we make; and

● the risks, uncertainties and other factors we identify in the Offer and in our filings with the SEC.

In addition, words such as "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward- looking statements include these words. The forward-looking statements contained in this Offer involve risks and uncertainties. Our actual results could differ materially from those implied or expressed in the forward-looking statements for any reason, including the factors set forth in the "Risk Factors" section of our Prospectus, dated April 29, 2025, as further amended or supplemented. Other factors that could cause actual results to differ materially include:

● changes in the economy;

● risks associated with possible disruption in our operations or the economy generally due to terrorism or natural disasters; and

● future changes in laws or regulations and conditions in our operating areas.

We have based the forward-looking statements included in this Offer to Purchase on information available to us on the date of this Offer to Purchase, and we assume no obligation to update any such forward-looking statements. Except as required by the U.S. federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

You are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the SEC. The forward-looking statements and projections contained in this Offer to Purchase are excluded from the safe harbor protection provided by Section 27A of the Securities Act.

The Offer is not being made to, nor will we accept tenders from, or on behalf of, owners of Shares in any jurisdiction in which the making of the Offer or its acceptance would not comply with the securities or "blue sky" laws of that jurisdiction. We are not aware of any jurisdiction in which the making of the Offer or the acceptance of tenders of, purchase of, or payment for, Shares in accordance with the Offer would not be in compliance with the laws of such jurisdiction. We, however, reserve the right to exclude stockholders in any jurisdiction in which it is asserted that the Offer cannot lawfully be made or tendered Shares cannot lawfully be accepted, purchased or paid for. So long as we make a good-faith effort to comply with any state law deemed applicable to the Offer, we believe that the exclusion of holders residing in any such jurisdiction is permitted under Rule 13e-4(f)(9) promulgated under the Exchange Act. In any jurisdiction where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be made on our behalf by one or more brokers or dealers licensed under the laws of such jurisdiction.

February 19, 2026 YIELDSTREET ALTERNATIVE INCOME FUND INC.

## Ex-99.(A)(1)(B)

**Exhibit 99(a)(1)(B)**

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| | |
|:---|:---|
| **LETTER OF TRANSMITTAL** | **PURSUANT TO THE OFFER TO PURCHASE DATED** |

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**FEBRUARY 19, 2026**

**THE OFFER WILL EXPIRE AT 4:00 PM, EASTERN TIME, ON MARCH 20, 2026, UNLESS THE OFFER IS EXTENDED**

THIS LETTER OF TRANSMITTAL MAY BE SUBMITTED BY ACCESSING YOUR PORTFOLIO THROUGH THE WILLOW WEALTH PLATFORM, WHICH IS ACCESSIBLE THROUGH <u>WWW.YIELDSTREETALTERNATIVEINCOMEFUND.COM</u>. DELIVERY OF THIS LETTER OF TRANSMITTAL AND ALL OTHER DOCUMENTS OTHER THAN THROUGH THE WILLOW WEALTH PLATFORM WILL NOT CONSTITUTE A VALID DELIVERY TO YIELDSTREET ALTERNATIVE INCOME FUND INC. (THE "COMPANY").

THE OFFER TO PURCHASE AND THIS ENTIRE LETTER OF TRANSMITTAL, INCLUDING THE ACCOMPANYING INSTRUCTIONS, SHOULD BE READ CAREFULLY BEFORE THIS LETTER OF TRANSMITTAL IS COMPLETED.

IF YOU WANT TO RETAIN YOUR SHARES, YOU DO NOT NEED TO TAKE ANY ACTION.

LADIES AND GENTLEMEN:

This letter of transmittal is provided in connection with the Company's offer dated February 19, 2026, to purchase up to 454,503 shares of common stock of the Company ("***Shares***"). At the discretion of the Company's Board of Directors (the "***Board***"), the Company may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase Shares.

The Offer (as defined below) will expire at 4:00 PM, Eastern Time, on March 20, 2026 (the "***Expiration Date***"), unless and until we, in our discretion, extend the period of time during which the Offer will remain open. If we extend the period of time during which the Offer remains open, the term "***Expiration Date***" will refer to the latest time and date at which the Offer expires.

The person(s) signing this Letter of Transmittal (the "***Signatory***") hereby tender(s) to the Company, which is an externally managed, non-diversified, closed-end management investment company incorporated in Maryland, the number of Shares specified above for purchase by the Company at a Share (or portion thereof) price (the "***Purchase Price***") equal to its net asset value per Share as of the close of business on the Expiration Date, in cash, under the terms and subject to the conditions set forth in the Offer to Purchase, receipt of which is hereby acknowledged, and in this Letter of Transmittal (which Offer to Purchase and Letter of Transmittal together with any amendments or supplements thereto collectively constitute the "***Offer***"). Payment for Shares properly tendered (not timely withdrawn) will be made promptly following the Expiration Date.

The Signatory recognizes that the net asset value of the Shares tendered in this Offer will likely change between the most recent time net asset value was calculated and communicated to them and the net asset value of the Shares as of the Expiration Date (the relevant date for determining the value of the Shares tendered to the Fund for purposes of calculating the Purchase Price of such Shares) and such change could be material.

The Signatory recognizes that, under certain circumstances as set forth in the Offer to Purchase, the Company may amend, extend or terminate the Offer or may not be required to purchase any of the Shares tendered hereby. In any such event, the Signatory understands that the Shares not purchased, if any, will continue to be held by the Signatory and will not be tendered.

The Signatory understands that acceptance of Shares by the Company for payment will constitute a binding agreement between the Signatory and the Company upon the terms and subject to the conditions of the Offer.

The Signatory understands that the payment of the Purchase Price for the Shares accepted for purchase by the Company will be made as promptly as practicable by the Company following the conclusion of the Offer and that in no event will the Signatory receive any interest on the Purchase Price.

All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the Signatory and all obligations of the Signatory hereunder shall be binding upon the heirs, personal representatives, successors and assigns of the Signatory. Except as stated in the Offer, this tender is irrevocable.

The Signatory hereby acknowledges that capitalized terms not defined in this Letter of Transmittal shall have the meanings ascribed to them in the Offer to Purchase.

Subject to, and effective upon, acceptance for payment of, or payment for, Shares tendered herewith in accordance with the terms and subject to the conditions of the Offer (including, if the Offer is extended or amended, the terms or conditions of any such extension or amendment), the Signatory hereby sells, assigns and transfers to, or upon the order of, the Company, all right, title and interest in and to all of the Shares that are being tendered hereby that are purchased pursuant to the Offer, and hereby irrevocably constitutes and appoints the Company as attorney-in-fact of the Signatory with respect to such Shares, with full power of substitution (such power of attorney being deemed to be an irrevocable power coupled with an interest), to receive all benefits and otherwise exercise all rights of beneficial ownership of such Shares all in accordance with the terms and subject to the conditions set forth in the Offer.

The Signatory authorizes and instructs the Company to make a cash payment for the Purchase Price for Shares accepted for purchase by the Company, less any applicable withholding taxes, to which the undersigned is entitled in the name of the registered holder, to the Signatory's instructions on file.

You may submit this Letter of Transmittal electronically through the Willow Wealth Platform, which is accessible through <u>www.yieldstreetalternativeincomefund.com</u>.

Please select one of the two boxes below:

◻ I'd like to sell up to _______ Shares

◻ I'd like to sell my entire position

This Letter of Transmittal shall be deemed to have been signed by the stockholder upon its electronic submission through the Willow Wealth Platform.

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|:---|
| Name(s) of Each Account: |
| Please Print |
| Signature(s): |
| Capacity (full title):<u> </u> |
| Address: |
| Include Zip Code |
| Daytime Area Code and Telephone No.: |
| <br> Email:  |
| <br> Taxpayer Identification or |
| Social Security No.: |

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**LETTER OF TRANSMITTAL**

INSTRUCTIONS TO LETTER OF TRANSMITTAL

FORMING PART OF TERMS AND CONDITIONS OF THIS LETTER OF TRANSMITTAL

1. *Delivery of Letter of Transmittal.* 

A properly completed and duly executed Letter of Transmittal must be submitted to the Company via the Willow Wealth Platform by 4:00 PM Eastern Time, on March 20, 2026, unless the Offer is extended. The Purchase Price will be paid and issued in exchange for the Shares tendered and accepted for purchase by the Company pursuant to the Offer to Purchase in all cases only after receipt by the Company of a properly completed and duly executed Letter of Transmittal.

*2.* *Signatures on this Letter of Transmittal, Powers of Attorney and Endorsements.* 

&nbsp;&nbsp;&nbsp;&nbsp;(a) If this Letter of Transmittal is signed by the registered holder(s) of the Shares to be tendered, the signature(s) of the
holder on this Letter of Transmittal must correspond exactly with the name(s) on the application accepted by the Company in connection
with the purchase of the Shares, unless such Shares have been transferred by the registered holder(s), in which event this Letter of Transmittal
should be signed in exactly the same form as the name on the last transferee indicated on the stock ledger maintained in book-entry form
by DST Asset Manager Solutions, Inc., the Company's transfer agent.

&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Shares tendered with this Letter of Transmittal are owned of record by two or more joint owners, all such owners must sign
this Letter of Transmittal.

&nbsp;&nbsp;&nbsp;&nbsp;(c) If this Letter of Transmittal is signed by a trustee, executor, administrator, guardian, attorney-in-fact, officer of a corporation
or other person acting in a fiduciary or representative capacity, such person must so indicate when signing, and proper evidence satisfactory
to the Company of their authority to so act must be submitted.

&nbsp;&nbsp;&nbsp;&nbsp;(d) If this Letter of Transmittal is signed by a person other than the registered holder(s) of the Shares listed, the Letter of Transmittal
must be endorsed or accompanied by appropriate stock powers, in either case signed exactly as the name(s) of the registered holder(s) appear(s) on
the application accepted by the Company in connection with the purchase of the Shares. Signatures must be guaranteed in Box 3 by an Eligible
Institution (unless signed by an Eligible Institution).

3. *Withholding.* The Company is entitled to deduct and withhold from the Purchase Price otherwise payable to any holder of Shares
whose Shares are accepted for purchase by the Company any amounts that the Company is required to deduct and withhold with respect to
the making of such payment under the Internal Revenue Code of 1986, as amended (the "Code"), or any provision of state, local
or foreign tax law. To the extent that amounts are withheld, the withheld amounts shall be treated for all purposes as having been paid
and issued to the holder of Shares in respect of which such deduction and withholding was made.

4. *Transfer Taxes.* The Company will pay any transfer taxes payable on the transfer to it of Shares purchased pursuant to the Offer;
provided, however, that if payment of the Purchase Price is to be made to, or (in the circumstances permitted by the Offer) unpurchased
Shares are to be registered in the name(s) of, any person(s) other than the registered owner(s), the amount of any transfer
taxes(whether imposed on the registered owner(s) or such other person(s)) payable on account of the transfer to such person(s) will
be deducted from the Purchase Price unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted herewith.

5. *Determinations of Validity.* All questions as to the form of documents and the validity of Shares will be resolved by the Company
in its sole discretion, whose determination shall be final and binding. The Company reserves the absolute right to reject any deliveries
of any Shares that are not in proper form, or the acceptance of which would, in the opinion of the Company or its counsel, be unlawful.
The Company reserves the absolute right to waive any defect or irregularity of delivery for exchange with regard to any Shares, provided
that any such waiver shall apply to all tenders of Shares.

**NEITHER THE COMPANY, ITS BOARD OF DIRECTORS, WILLOW ASSET MANAGEMENT LLC, NOR ANY OTHER PERSON IS OR WILL BE OBLIGATED TO GIVE ANY NOTICE OF ANY DEFECT OR IRREGULARITY IN ANY TENDER, AND NONE OF THEM WILL INCUR ANY LIABILITY FOR FAILURE TO GIVE ANY SUCH NOTICE.**

6. *Requests for Assistance or Additional Copies.* Requests for assistance or for additional copies of this Letter of Transmittal
may be directed to the Company at the address or the telephone number set forth on the cover page of this Letter of Transmittal.

7. *Backup Withholding.* 

If backup withholding applies, the Company is required to withhold 24% of any payment made to the Stockholder with respect to Shares tendered. Backup withholding is not an additional tax. Rather, the U.S. federal income tax liability of persons subject to backup withholding will be reduced by the amount of tax withheld. If withholding results in an overpayment of taxes, a refund may be obtained by the holder from the Internal Revenue Service.

Certain holders (including, among others, most corporations and certain foreign persons) are exempt from backup withholding requirements. To qualify as an exempt recipient on the basis of foreign status, a holder must generally submit a properly completed Form W-8BEN, Form W-8BEN-E, Form W-8IMY or Form W-8ECI, signed under penalties of perjury, attesting to that person's exempt status. A holder would use a Form W-8BEN or Form W-8BEN-E to certify that it is neither a citizen nor a resident of the United States and would use a Form W-8ECI to certify that (1) it is neither a citizen nor a resident of the United States, and (2) the proceeds of the sales of the Shares are effectively connected with a U.S. trade or business. A foreign person, or a foreign branch of a U.S. person, would use a Form W-8IMY to establish that it is a qualified intermediary that is not acting for its own account. A foreign holder (a "Non-U.S. holder") may also use a Form W-8BEN or Form W-8BEN-E to certify that it is eligible for benefits under a tax treaty between the United States and such foreign person's country of residence. To claim treaty benefits, a Non-U.S. holder will generally be required to provide a taxpayer identification number issued by the Internal Revenue Service.

**A HOLDER SHOULD CONSULT HIS OR HER TAX ADVISOR AS TO HIS OR HER QUALIFICATION FOR EXEMPTION FROM THE BACKUP WITHHOLDING REQUIREMENTS OR FOR TREATY BENEFITS AND THE PROCEDURE FOR OBTAINING AN EXEMPTION OR TREATY BENEFIT, INCLUDING THE APPROPRIATE FORM TO PROVIDE TO CLAIM SUCH EXEMPTION OR TREATY BENEFIT.**

\*

\*

\*

**IMPORTANT: THIS LETTER OF TRANSMITTAL MUST BE PROPERLY COMPLETED AND RECEIVED BY THE COMPANY PRIOR TO THE EXPIRATION OF THE OFFER.**

## Ex-99.(A)(1)(C)

**Exhibit 99(a)(1)(C)**

**Email to Stockholders**

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**Email 1 - Email Notice to Stockholders - Tender Offer for Yieldstreet Alternative Income Fund**

*Subject*:

Tender Offer for the Yieldstreet Alternative Income Fund

*Preheader:*

*THIS IS A NOTIFICATION OF THE QUARTERLY REPURCHASE OFFER.*

*IF YOU ARE NOT INTERESTED IN SELLING YOUR SHARES AT THIS TIME, KINDLY DISREGARD THIS NOTICE.*

Dear {{Investor Account}},

The Yieldstreet Alternative Income Fund is conducting an offer to repurchase shares pursuant to a share repurchase program, in order to provide limited liquidity to investors. We will limit the number of shares that we offer to repurchase. As such, there is no guarantee that your full repurchase request will be approved. If the number of shares submitted for repurchase by investors exceeds the number of shares we seek to repurchase, shares will be repurchased on a pro-rata basis, and not on a first-come, first-served basis.

The Yieldstreet Alternative Income Fund is offering to repurchase up to 454,503 shares of its common stock at a price equal to the net asset value per share ("NAV") as of the close of business on the expiration date of the repurchase offer.

The repurchase offer period begins on February 19, 2026, and ends on March 20, 2026, unless otherwise extended.

If you would like to request that a portion of your shares be repurchased, please complete and submit your request via the Willow Wealth platform. All requests must be received through the Willow Wealth platform before the end of the offer period.

We highly recommend that you read the terms and conditions as set forth in the Offer to Purchase, which is also available within your portfolio on the Willow Wealth platform, and the <u>Tender Offer FAQ</u>.

Investors are not obligated to submit a repurchase request. Should you wish to maintain your current holding, no further action is required and you can disregard this email. We will continue to notify you on a quarterly basis prior to any future tender offers.

To submit a repurchase request, view your Alternative Income Fund investment details within your <u>portfolio</u> and click on the Open Tender Offer link to get started.

GIF

[<u>View Portfolio</u>]

If you have any questions about the tender offer process, please contact <u>investments@willowwealth.com</u>.

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| |
|:---|
| Sincerely, |
| Ted K. Yarbrough |
| Authorized Signatory |
| Yieldstreet Alternative Income Fund Inc. |

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**Web/mobile in-app notification to investors**

Headline: Tender offer available for the Yieldstreet Alternative Income Fund

Body:

To provide limited liquidity to investors, the Yieldstreet Alternative Income Fund is conducting a tender offer. The offer period will expire at 4:00 PM ET on March 20, 2026, unless otherwise extended. Please read the terms and conditions in the Offer to Purchase for full details.

To submit a repurchase request, click the Open Tender Offer link on the Yieldstreet Alternative Income Fund investment details screen within your Portfolio. Investors are not obligated to submit a repurchase request. Should you wish to maintain your current holding, no further action is required and you can disregard this message. We will continue to notify you on a quarterly basis prior to any future tender offers.

**Email 2 - Repurchase request received**

*Subject*:

Liquidation request received for {{OFFERING_NAME}}

*Body:*

{{ACCOUNT_NAME}}, we've received your request to liquidate your investment in {{OFFERING_NAME}}

**Next Steps**

<u>Open Offer Period</u>

We will continue to accept liquidation requests until {{END_DATE}}. Your request will be processed only after the offer period has expired.

The net asset value per share ("NAV") at which tendered shares will be repurchased will be the Fund's NAV as of {{END_DATE}}, the day the tender offer expires (which may be extended as described in the Offer to Purchase). The net asset value of the shares tendered in this offer will likely change between the most recent time net asset value was calculated and communicated to you and the net asset value of the shares as of the expiration date of this tender (the relevant date for determining the value of the shares tendered for purposes of calculating the purchase price of tendered shares), and such change could be material. The most recently calculated net asset value per share can be found in your portfolio.

<u>Liquidation Execution and Payment</u>

Given that we are limited in the amount that can be repurchased during each offer period, your final amount repurchased may be less than your requested amount. Payment will be made to your instructions on file promptly after the close of the offer period. We will send you an email with the executed price and total number of shares repurchased following the close of the offer period. Alternatively, this information can be found in your portfolio.

If you have any questions, please refer to the <u>FAQ document</u>.

If you elect to cancel your liquidation request at any time prior to the expiration of the offer, you may do so by sending an email notice to <u>investments@willowwealth.com</u>.

**Email 3 - Liquidation request completed**

*Subject*:

Liquidation request completed for {{OFFERING_NAME}}

*Body:*

The tender offer for {{OFFERING_NAME}} is now closed, and we are executing your request. Your shares will be repurchased at a price equal to the net asset value per share ("NAV") as of the close of business on the expiration date of this offer.

If you have any questions, please contact <u>investments@willowwealth.com</u>.

[View Portfolio]

## Ex-99.(A)(1)(D)

**Exhibit 99(a)(1)(D)**

**Form of Willow Wealth Platform Interface**

**What to know before you request to have your shares repurchased**

Yieldstreet Alternative Income Fund Inc. (the "Fund") is conducting an offer to repurchase shares pursuant to a share repurchase program to provide limited liquidity to its investors. If you elect to sell shares in the offer, you can submit your repurchase request electronically through the Willow Wealth platform. Please note that investors are not obligated to submit a repurchase request. Should you wish to maintain your current holding, no further action is required.

**Limited liquidity options**

To provide its stockholders with limited liquidity, the Fund intends to, but is not obligated to, conduct quarterly share repurchase offers pursuant to its share repurchase program. The Fund may suspend or terminate the share repurchase program at any time, subject to the discretion of its Board of Directors. This share repurchase program should not be relied upon as a method to sell shares promptly or at a desired price.

**Repurchase requests are subject to review and are not guaranteed**

The Fund will limit the number of shares that it offers to repurchase. As such, there is no guarantee that your repurchase request will be approved. Additionally, if the number of shares submitted for repurchase by investors exceeds the number of shares the Fund seeks to repurchase, shares will be repurchased on a pro-rata basis, and not on a first-come, first-served basis.

**Purchase Price**

The net asset value of any shares tendered in this offer will likely change between the most recent time net asset value was calculated and communicated to you and the net asset value of the shares as of the expiration date of this tender (the relevant date for determining the value of the shares tendered for purposes of calculating the purchase price of tendered shares) and such change could be material. The most recently calculated net asset value per share can be found in your portfolio.

**Repurchases are subject to taxation**

Any repurchases of shares will be reported to the Internal Revenue Service and may be taxable. Neither the Fund, nor Willow Asset Management LLC, nor any of their affiliates provide tax advice; therefore, we highly recommend that you consult your financial representative or tax advisor for more information beforehand.

**Documents**

We highly recommend that you review the following documents to fully understand the terms and conditions of the tender offer process.

Offer to Purchase <u>FAQ</u> <u>Letter of Transmittal</u>

[Back to investment] [Next]

*Input Page*

**Request to have shares repurchased**

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|:---|:---|
| <u>Investment balance\*</u> | <u>Offering</u> |
| $XXXXX.XX | Yieldstreet Alternative Income Fund |

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*\* Total investment balance shown is based on the NAV as of the date immediately prior to the commencement of this offer, which was $[X.XX] per share, and may differ from the current balance of your active holdings visible in your Portfolio.*

**Enter your desired repurchase amount**

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| | |
|:---|:---|
| &nbsp;&nbsp;Desired Amount<br> $XX,XXX.XX | &nbsp;&nbsp;Shares<br> XXXX.XXX |

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⌧ I'd like to sell my entire position

**Acknowledge and sign**

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| | |
|:---|:---|
| ◻ | I understand that repurchases will be made solely based on the number of shares requested to be repurchased and that the amount of my shares that are repurchased may be lower than my requested amount if the aggregate amount of repurchase requests exceeds the number of shares Yieldstreet Alternative Income Fund Inc. plans to repurchase, as per the limitations set forth in the Offer to Purchase by Yieldstreet Alternative Income Fund Inc. |

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| | |
|:---|:---|
| ◻ | I recognize that the net asset value of the shares tendered in this offer will likely change between the most recent time net asset value was calculated and communicated to me and the net asset value of the shares as of the expiration date of this offer (the relevant date for determining the value of the shares tendered for purposes of calculating the purchase price of tendered shares) and such change could be material. I agree that repurchases will be made solely based on the number of shares requested to be repurchased. |

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◻ I have read and understood the Offer to Purchase and Letter of Transmittal.

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| | |
|:---|:---|
| ◻ | I certify, under penalty of perjury, that (i) the social security number or taxpayer identification number previously setup on the Willow Wealth platform is correct, (ii) that I am not subject to backup withholding, and (iii) I am a U.S. citizen or other U.S. person (including a U.S. resident alien). |

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By my signature below, I hereby execute the above agreements, certify that I have read and agree to the Terms of Service and Privacy Policy and that all foregoing information is accurate and truthful.

&nbsp;&nbsp;Your initials

[Back] [Submit]

*Post-Submission Page*

**Your repurchase request has been received**

Request summary

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| | | |
|:---|:---|:---|
| Investor account | Amount | # of equivalent shares |
| [investor account name] | $XXXXX.XX | XXXX.XXXX |

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**Next Steps**

<u>Open Tender Offer Period</u>

The Fund will continue to accept repurchase requests from [Start Date] to [End Date]. Your request will be processed only after the tender period has closed.

The net asset value of the shares tendered in this offer will likely change between the most recent time net asset value was calculated and communicated to you and the net asset value of the shares as of the expiration date of this tender (the relevant date for determining the value of the shares tendered for purposes of calculating the purchase price of tendered shares) and such change could be material. The most recently calculated net asset value per share can be found in your portfolio.

<u>Tender Offer Execution and Payment</u>

Given that the Fund is limited in the amount that can be repurchased during each tender offer period, your final amount repurchased may be less than your requested amount. Payment will be made to your instructions on file promptly after the close of the tender offer period.

If you have any questions about this process, please refer to the <u>FAQ document</u>. If you elect to cancel your repurchase request at any time prior to the expiration of the offer, you may do so by sending an email notice to <u>investments@willowwealth.com</u>.

[View investment details]

**Tender Offer FAQ Document**

**Am I required to have my shares repurchased during these tender offer periods?**

You are not obligated to have any shares repurchased at this time. If you are not interested in having shares repurchased, you may disregard the notice about the repurchase offer.

**How long will the share repurchase period be open?**

Any repurchase offer presented to our stockholders will remain open for a minimum of 20 business days following the commencement of each tender offer period. All repurchase requests must be received prior to the expiration of the tender offer period in order to be valid. If there are any material revisions to the terms of the repurchase offer, we will inform investors and revise the terms of the repurchase offer reflecting such changes available and may extend the repurchase offer period.

**Can I elect to sell my entire holding in the Alternative Income Fund?**

While there is no limit to how many shares a shareholder may request to sell, we are limiting the aggregate number of shares to be repurchased from all stockholders. If the amount of repurchase requests exceeds the number of shares we seek to repurchase, we will repurchase shares on a pro-rata basis. As a result, we may repurchase less than the full amount of shares that you request to have repurchased.

**Why is my total investment value available for the tender offer different than my current value of holdings?**

The share price for the tender offer is the NAV<sup>1</sup> per share as of the close of business on the date of expiration of this tender offer and therefore may differ from the current value of your holdings.

The net asset value of the shares tendered in this offer will likely change between the most recent time net asset value was calculated and communicated to you and the net asset value of the shares as of the expiration date of this tender (the relevant date for determining the value of the shares tendered for purposes of calculating the purchase price of tendered shares) and such change could be material. The most recently calculated net asset value per Share can be found in your portfolio.

**May I cancel my repurchase request after submission?**

At any time prior to one minute past 4:00 PM ET, on the expiration date of the respective tender offer period, any stockholder may withdraw their repurchase request. Stockholders may withdraw their submissions by sending an email notice to <u>investments@willowwealth.com</u>.

**When will I be paid for my repurchase request?**

If the Fund has accepted your request within the tender offer period, the payment will be sent to your instructions on file promptly after the close of the tender offer period.

**Are there fees and expenses associated with the share repurchase program?**

To the extent the Fund's Board of Directors determines that it is appropriate to do so, the repurchase price in any quarter may be reduced by up to 2% in order to offset the expenses the Fund expects to incur in connection with conducting such repurchase offer. The Fund's Board of Directors has not determined to reduce the repurchase price in connection with this Offer.

**Is the repurchase of my shares as part of this tender offer a taxable transaction?**

For most shareholders, yes. We anticipate that U.S. stockholders, other than those who are tax-exempt, who sell shares as part of the tender offer will recognize a gain or loss for U.S. federal income tax purposes equal to the difference between the cash they receive for shares sold and their adjusted basis. We highly recommend that you consult your financial representative or tax advisor for more information prior to a repurchase decision.

**Will you always be offering a repurchase program every quarter?**

To provide our stockholders with limited liquidity, the Fund intends to, but is not obligated to, conduct a quarterly share repurchase program. While the Fund intends to conduct quarterly repurchase offers as described in its prospectus, it is not required to do so and the Fund's Board of Directors may suspend or terminate the share repurchase program at any time. This share repurchase program should not be relied upon as a method to sell shares promptly and at a desired price.

*<sup>1</sup> The net asset value per share of the Fund's common stock is determined by dividing the value of its investments, cash and other assets (including interest accrued but not collected) minus all liabilities (including accrued expenses, borrowings and interest payables) by the total number of shares of the Fund's common stock outstanding. The most significant estimate inherent in the preparation of the Fund's financial statements likely will be the valuation of investments and the related amounts of unrealized appreciation and depreciation of investments recorded. There generally is no single method for determining fair value in good faith. As a result, determining fair value usually requires that judgment be applied to the specific facts and circumstances of each investment while employing a consistently applied valuation process for the types of investments the Fund makes. The Fund is required to specifically determine the fair value of each individual investment on a quarterly basis.*

*This communication and the information contained in this document are provided for general informational purposes only and should neither be construed nor intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Any link to a third-party website is not an endorsement, authorization or representation of our affiliation with that third party. We do not exercise control over third-party websites, and we are not responsible or liable for the accuracy, legality, appropriateness or any other aspect of such website.*

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables** <br>

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| | | | | |
|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction Valuation**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Filing Fee**  |
| Fees to be Paid | 1 | $4141749.49 | 0.0001381 | $571.98 |
| Fees Previously Paid |  |  |  |  |
|  | Total Transaction Valuation: | $4141749.49  |  |  |
|  | Total Fees Due for Filing: |  |  | $571.98  |
|  | Total Fees Previously Paid:  |  |  | $0.00  |
|  | Total Fee Offsets:  |  |  | $0.00  |
|  | Net Fee Due:  |  |  | $571.98  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Calculated solely for purposes of determining the amount of the filing fee. This amount is based upon the purchase of 454,503 shares of common stock, par value $0.001 per share, of Yieldstreet Alternative Income Fund Inc. (the "Fund"), at a price equal to $9.11, which represents the Fund's net asset value per share as of February 18, and is used for purposes of calculating the aggregate maximum purchase price for shares. This is the final amendment to the Schedule TO and is being filed to report the results of the offer. The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, as modified by Fee Rate Advisory No. 1 for fiscal year 2026, equals $138.10 per million dollars of the value of the transaction.

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Fee Paid with Fee Offset Source |
| Fee Offset Claims | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Fee Offset Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

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