Callodine Specialty Income Fund Adds Entertainment Lending and Aviation Finance Strategies

Callodine announces addition of affiliate Corrum Capital Management as new sub-advisor to CALIX, providing differentiated exposure to the Entertainment and Aviation sectors

Callodine also announces expanded platform availability for CALIX across the wealth management channel

BOSTON--(BUSINESS WIRE)--Callodine Group (“Callodine” or the “Company”) is pleased to announce the addition of Corrum Capital Management (“Corrum Capital”) as a sub-advisor to the Callodine Specialty Income Fund (“CALIX” or the “Fund”), Callodine’s multi-strategy interval fund.

Corrum Capital, a leading private credit manager that specializes in providing asset-backed financing solutions to the Entertainment and Aviation sectors, will manage two new dedicated sleeves within the CALIX portfolio. The addition of Corrum Capital enhances and further diversifies the Fund’s underlying asset allocation, while maintaining a core focus on shorter duration private credit strategies with strong asset coverage and quality collateral. Callodine purchased a majority stake in Corrum Capital in 2025.

The Company also announced expanded availability of the Fund across many custodial platforms, including Schwab Advisor Services, as well as other industry-leading providers, facilitating access for RIAs, broker-dealers and family offices that use these platforms. CALIX is also now available via the Envestnet Unified Managed Account (“UMA”) platform.

“Adding Corrum Capital’s capabilities within the Sports, Music & Entertainment as well as Aviation sectors represents an important step in the continued evolution of the CALIX strategy,” said Tyler Bak, Partner at Callodine Group. “We believe that not all forms of private credit are created equal, and we will continue to focus on strategies with strong collateral, cash flows and covenants that we believe are appropriate for our interval fund structure.”

The addition of Corrum Capital and expanded platform availability reflect Callodine’s ongoing commitment to building a differentiated alternative investment solution designed for the wealth management channel.

For more information about CALIX, including fund objectives, strategies, and risks, please visit www.callodinefunds.com or call [phone].

About Callodine Group

Callodine Group is a Boston-based asset management platform with over $20 billion in assets under management across affiliated advisers. The Firm seeks to pursue predominantly income-oriented investment strategies with high cash yields that offer the potential for equity-like returns. Callodine’s specialized and dedicated investment teams target strategies across private credit, real estate credit, public equities and fixed income on behalf of institutional and individual investors. To learn more about Callodine Group, visit: www.callodine.com

About Corrum Capital

Corrum Capital Management LLC, an affiliate of Callodine Group, is an investment manager focused on asset-backed, cashflow-oriented investment strategies that target collateralized downside risk mitigation and low market correlation. We seek credit-oriented, cash-yielding strategies with potential to unlock equity-like returns via our long-standing expertise in structuring bespoke solutions within the music, entertainment, and sports industries and the aviation finance industry. To learn more about Corrum Capital, visit: www.corrumcapital.com

Important Information

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from the Fund at [phone] or www.callodinefunds.com. An investor should read the prospectus carefully before investing.

An investment in the Fund involves a high degree of risk, is considered speculative and illiquid, and is not suitable for all investors. There can be no assurance that the Fund’s investment objective will be achieved or that its investment program will be successful. Investors could lose some or all of their investment. No public market for Shares exists, and none is expected to develop in the future. Investors should generally not expect to be able to sell their Shares (other than through the limited repurchase process), regardless of how the Fund performs.

Investors should consider the Fund as a supplement to an overall Investment program and should invest only if they are willing to undertake the risks involved, including risks that are inherent in securities investments generally as well as those risks that are specific to an investment in the Fund. All debt or debt related securities are exposed to credit risk, including default risk. The Fund is exposed to risks associated with changes in interest rates. Most of the credit instruments in which the Fund invests will be rated below investment grade by rating agencies, and many will have no credit rating at all. Credit instruments that are rated below investment grade (i.e., “high yield” securities or “junk bonds”) involve additional risks, including higher risk of default and loss of principal. Investment in private and small or middle-market companies involves a number of significant risks as there is generally little public information available about these companies. Such companies typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns.

This press release has been prepared by Callodine Capital Management, LP, a registered investment adviser and advisor to the Callodine Specialty Income Fund. Manning & Napier Investor Services, Inc. (MNBD), an affiliate of Callodine, has a selling arrangement in place that allows them to sell the Fund. CALIX is distributed by Distribution Services, LLC which is not affiliated with Callodine Group or any of their affiliates.

Callodine Capital Management, LP and its employees are not affiliated with or employed by Charles Schwab. The mention of Charles Schwab should not be construed as a recommendation, endorsement, or sponsorship by Charles Schwab.

Envestnet is not affiliated with Callodine Capital Management, LP. The availability of a fund on the Envestnet platform should not be construed to be a promotion, offering, or recommendation by Envestnet to buy or sell securities.