<SEC-DOCUMENT>0001821268-25-000231.txt : 20251110
<SEC-HEADER>0001821268-25-000231.hdr.sgml : 20251110
<ACCEPTANCE-DATETIME>20251110163235
ACCESSION NUMBER:		0001821268-25-000231
CONFORMED SUBMISSION TYPE:	40-APP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251110
DATE AS OF CHANGE:		20251110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
		CENTRAL INDEX KEY:			0001380936
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938
		FILM NUMBER:		251466782

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLAYMORE/GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
		DATE OF NAME CHANGE:	20090630

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Claymore/Guggenheim Strategic Opportunities Fund
		DATE OF NAME CHANGE:	20070605

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Claymore Strategic Opportunities Fund
		DATE OF NAME CHANGE:	20061113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Partners Investment Management, LLC
		CENTRAL INDEX KEY:			0001425852
		ORGANIZATION NAME:           	
		EIN:				800644053
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-24
		FILM NUMBER:		251466806

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, 5TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		310-576-1270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, 5TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Guggenheim Partners Asset Management, Inc.
		DATE OF NAME CHANGE:	20080201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NZC GUGGENHEIM FUND LLC
		CENTRAL INDEX KEY:			0001445853
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-15
		FILM NUMBER:		251466797

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3105761270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NZC GUGGENHEIM FUND LTD
		CENTRAL INDEX KEY:			0001449086
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-16
		FILM NUMBER:		251466798

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3105761270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Partners Opportunistic Investment Grade Securities Fund, LLC
		CENTRAL INDEX KEY:			0001457892
		ORGANIZATION NAME:           	
		EIN:				262886445
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-03
		FILM NUMBER:		251466785

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BLVD.
		STREET 2:		SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		310-579-1229

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BLVD.
		STREET 2:		SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
		CENTRAL INDEX KEY:			0001495825
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-23
		FILM NUMBER:		251466805

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Guggenheim Taxable Municipal Managed Duration Trust
		DATE OF NAME CHANGE:	20160729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Guggenheim Build America Bonds Managed Duration Trust
		DATE OF NAME CHANGE:	20100702

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM LOAN FUND, LLC
		CENTRAL INDEX KEY:			0001588382
		ORGANIZATION NAME:           	
		EIN:				462991676
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-13
		FILM NUMBER:		251466795

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3105761270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM HIGH-YIELD FUND, LLC
		CENTRAL INDEX KEY:			0001588407
		ORGANIZATION NAME:           	
		EIN:				800935684
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-14
		FILM NUMBER:		251466796

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3105761270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Loan Fund, Ltd.
		CENTRAL INDEX KEY:			0001641541
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-18
		FILM NUMBER:		251466800

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		310-576-1270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, SUITE 500
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NZC Guggenheim Master Fund Ltd.
		CENTRAL INDEX KEY:			0001667757
		ORGANIZATION NAME:           	
		EIN:				980594979
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-02
		FILM NUMBER:		251466784

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-615-0840

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GFI Fund
		CENTRAL INDEX KEY:			0001667902
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-20
		FILM NUMBER:		251466802

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 615-0840

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Private Investments, LLC
		CENTRAL INDEX KEY:			0002082125
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-25
		FILM NUMBER:		251466807

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM CORPORATE FUNDING, LLC
		CENTRAL INDEX KEY:			0001772663
		ORGANIZATION NAME:           	
		EIN:				200399374
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-04
		FILM NUMBER:		251466786

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212 901 9402

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Partners Opportunistic Investment Grade Securities Offshore Fund, Ltd.
		CENTRAL INDEX KEY:			0001808738
		ORGANIZATION NAME:           	
		EIN:				981527409
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-17
		FILM NUMBER:		251466799

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, 5TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		310-576-1270

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BOULEVARD, 5TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Active Allocation Fund
		CENTRAL INDEX KEY:			0001864208
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-22
		FILM NUMBER:		251466804

	BUSINESS ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		800-345-7999

	MAIL ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV-A, L.P.
		CENTRAL INDEX KEY:			0002022067
		ORGANIZATION NAME:           	
		EIN:				932910430
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-07
		FILM NUMBER:		251466789

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV-B, L.P.
		CENTRAL INDEX KEY:			0002022092
		ORGANIZATION NAME:           	
		EIN:				932918448
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-09
		FILM NUMBER:		251466791

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV Guardian (U), L.P.
		CENTRAL INDEX KEY:			0002028404
		ORGANIZATION NAME:           	
		EIN:				993561034
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-05
		FILM NUMBER:		251466787

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Guggenheim PDF IV Profit Share Unlevered, L.P.
		DATE OF NAME CHANGE:	20240626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV-B (U), L.P.
		CENTRAL INDEX KEY:			0002047687
		ORGANIZATION NAME:           	
		EIN:				331833957
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-08
		FILM NUMBER:		251466790

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Foundations Fund-A, L.P.
		CENTRAL INDEX KEY:			0002050218
		ORGANIZATION NAME:           	
		EIN:				331285933
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-06
		FILM NUMBER:		251466788

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Credit Fund
		CENTRAL INDEX KEY:			0002061357
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-21
		FILM NUMBER:		251466803

	BUSINESS ADDRESS:	
		STREET 1:		227 W MONROE STREET
		STREET 2:		49TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-357-0394

	MAIL ADDRESS:	
		STREET 1:		227 W MONROE STREET
		STREET 2:		49TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV Loan Acquisition, L.P.
		CENTRAL INDEX KEY:			0002068168
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-12
		FILM NUMBER:		251466794

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Private Investments Garnet Fund, LP
		CENTRAL INDEX KEY:			0002078385
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-11
		FILM NUMBER:		251466793

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Investments Private Debt Fund IV Guardian (U-O), L.P.
		CENTRAL INDEX KEY:			0002078900
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-10
		FILM NUMBER:		251466792

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 739-0700

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC
		CENTRAL INDEX KEY:			0001280782
		ORGANIZATION NAME:           	
		EIN:				841631676
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-01
		FILM NUMBER:		251466783

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLAYMORE ADVISORS LLC
		DATE OF NAME CHANGE:	20040219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim U.S. Loan Fund
		CENTRAL INDEX KEY:			0001667912
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15938-19
		FILM NUMBER:		251466801

	BUSINESS ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 615-0840

	MAIL ADDRESS:	
		STREET 1:		330 MADISON AVENUE, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>File No. 812-[ ]&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>U.S. SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #212529">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>In the Matter of the Application of: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>GUGGENHEIM STRATEGIC OPPORTUNITIES FUND,
GUGGENHEIM TAXABLE MUNICIPAL BOND &amp; INVESTMENT GRADE DEBT TRUST, GUGGENHEIM ACTIVE ALLOCATION FUND, GUGGENHEIM INVESTMENTS PRIVATE
CREDIT FUND, GUGGENHEIM PRIVATE INVESTMENTS, LLC, GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC, GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT,
LLC, GUGGENHEIM CORPORATE FUNDING, LLC, GUGGENHEIM LOAN FUND, LLC, GUGGENHEIM LOAN FUND, LTD., GUGGENHEIM HIGH-YIELD FUND, LLC, NZC GUGGENHEIM
MASTER FUND LTD., NZC GUGGENHEIM FUND LLC, NZC GUGGENHEIM FUND LTD, GUGGENHEIM PARTNERS OPPORTUNISTIC INVESTMENT GRADE SECURITIES
FUND, LLC, GUGGENHEIM PARTNERS OPPORTUNISTIC INVESTMENT GRADE SECURITIES OFFSHORE FUND, LTD., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND
IV-A, L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV-B, L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV GUARDIAN (U), L.P., GUGGENHEIM
INVESTMENTS PRIVATE DEBT FUND IV-B (U), L.P., GUGGENHEIM INVESTMENTS FOUNDATIONS FUND-A, L.P, GUGGENHEIM U.S. LOAN FUND, GFI FUND, GUGGENHEIM
INVESTMENTS PRIVATE DEBT FUND IV LOAN ACQUISITION, L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV GUARDIAN (U-O), L.P., GUGGENHEIM
PRIVATE INVESTMENTS GARNET FUND, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Funds Investment Advisors, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Partners Investment Management, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Private Investments, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Corporate Funding, LLC </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>330 Madison Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Telephone: (312) 357-0394</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #212529">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>APPLICATION FOR AN ORDER PURSUANT TO<BR>
SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1<BR>
UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT<BR>
TRANSACTIONS OTHERWISE PROHIBITED BY SECTIONS 17(d) AND 57(a)(4) OF AND RULE<BR>
17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #212529">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B><I>All Communications, Notices and Orders
to: </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Mark E. Mathiasen, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Managing Director</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Funds Investment Advisors, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Partners Investment Management, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Private Investments, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Guggenheim Corporate Funding, LLC </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>330 Madison Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Telephone: (312) 357-0394</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="color: #212529; font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">Copies to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Cynthia R. Beyea, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Julien Bourgeois, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Dechert LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1900 K St NW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, DC 20006</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Cynthia.Beyea@Dechert.com</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Julien.Bourgeois@Dechert.com</B></P>

<P STYLE="color: #212529; font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 12pt; text-align: center; border-top: Black 0.75pt solid"><B>November 10,
2025 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #212529">2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #212529">&nbsp;</P>


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<P STYLE="color: #212529; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES OF AMERICA<BR>
BEFORE THE<BR>
SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 53.7pt 0 0"><B>IN THE MATTER OF<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">GUGGENHEIM STRATEGIC OPPORTUNITIES FUND, GUGGENHEIM TAXABLE MUNICIPAL BOND &amp;
    INVESTMENT GRADE DEBT TRUST, GUGGENHEIM ACTIVE ALLOCATION FUND, GUGGENHEIM INVESTMENTS PRIVATE CREDIT FUND, GUGGENHEIM PRIVATE INVESTMENTS,
    LLC, GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC, GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC, </FONT>GUGGENHEIM CORPORATE FUNDING, LLC,
    <FONT STYLE="font-family: Times New Roman, Times, Serif">GUGGENHEIM LOAN FUND, LLC, GUGGENHEIM LOAN FUND, LTD., GUGGENHEIM HIGH-YIELD
    FUND, LLC, NZC GUGGENHEIM MASTER FUND LTD., NZC GUGGENHEIM FUND LLC, NZC GUGGENHEIM FUND LTD, GUGGENHEIM PARTNERS OPPORTUNISTIC INVESTMENT
    GRADE SECURITIES FUND, LLC, GUGGENHEIM PARTNERS OPPORTUNISTIC INVESTMENT GRADE SECURITIES OFFSHORE FUND, LTD., GUGGENHEIM INVESTMENTS
    PRIVATE DEBT FUND IV-A, L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV-B, L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV GUARDIAN
    (U), L.P., GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV-B (U), L.P., GUGGENHEIM INVESTMENTS FOUNDATIONS FUND-A, L.P, GUGGENHEIM U.S. LOAN
    FUND, GFI FUND, GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV LOAN ACQUISITION, L.P.</FONT>, GUGGENHEIM INVESTMENTS PRIVATE DEBT FUND IV
    GUARDIAN (U-O), L.P., GUGGENHEIM PRIVATE INVESTMENTS GARNET FUND, LP, 330 MADISON AVENUE, NEW YORK, NEW YORK 10017</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>File No. 812-[ ]</B></P></TD>
    <TD STYLE="width: 5%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>:</B></P></TD>
    <TD STYLE="width: 47%; padding-right: 54.45pt; padding-left: 4.45pt; font: 10pt Times New Roman, Times, Serif"><B>APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY SECTIONS 17(d) AND 57(a)(4) OF AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940</B></TD></TR>
  </TABLE>
<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY OF APPLICATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The following entities hereby request an order
(the &ldquo;<B><I>Order</I></B>&rdquo;) of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo; or</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&ldquo;<B><I>Commission</I></B>&rdquo;) under
Section 57(i) of the Investment Company Act of 1940, as amended (the &ldquo;<B><I>1940 Act</I></B>&rdquo;),<SUP>1</SUP> and Rule 17d-1,
permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder.
The Order would supersede the exemptive order issued by the Commission on January 30, 2018 (the &ldquo;<B><I>Prior Order</I></B>&rdquo;)<SUP>2</SUP>
that was granted pursuant to Sections 57(a)(4), 57(i) and Rule 17d-1, with the result that no person will continue to rely on the Prior
Order if the Order is granted.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Strategic Opportunities Fund (NYSE: GOF) (&ldquo;<B><I>GOF</I></B>&rdquo;), a Delaware statutory
trust that is a diversified, closed-end management investment company registered under the 1940 Act;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Taxable Municipal Bond &amp; Investment Grade Debt Trust (NYSE: GBAB) (&ldquo;<B><I>GBAB</I></B>&rdquo;),
a Delaware statutory trust that is a diversified, closed-end management investment company registered under the 1940 Act;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Active Allocation Fund (NYSE: GUG) (&ldquo;<B><I>GUG</I></B>&rdquo;), a Delaware statutory
trust that is a diversified, closed-end management investment company registered under the 1940 Act;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Investments Private Credit Fund, a newly formed Delaware statutory trust that will operate
as a non-diversified, closed-end management investment company and intends to elect to be regulated as a business development company
under the 1940 Act (&ldquo;<B><I>GIPC</I></B>&rdquo; and, collectively with GOF, GBAB and GUG, the &ldquo;<B><I>Existing Regulated Funds</I></B>&rdquo;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Funds Investment Advisors, LLC (&ldquo;<B><I>GFIA</I></B>&rdquo;), a Delaware limited liability
company that serves as the investment adviser to GOF, GBAB and GUG, on behalf of itself and its successors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Partners Investment Management, LLC (&ldquo;<B><I>GPIM</I></B>&rdquo;), a Delaware limited
liability company that serves as the investment sub-adviser to GOF, GBAB and GUG and investment adviser to certain of the Existing Affiliated
Funds (as defined below), on behalf of itself and its successors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Corporate Funding, LLC (&ldquo;<B><I>GCF</I></B>&rdquo;), a Delaware limited liability company
that serves as the investment adviser to certain of the Existing Affiliated Funds, on behalf of itself and its successors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guggenheim Private Investments, LLC, a Delaware limited liability company, that will serve as investment
adviser to GIPC, on behalf of itself and its successors (&ldquo;<B><I>GPI</I></B>&rdquo; and, collectively with GFIA, GPIM and GCF, the
&ldquo;<B><I>Existing Advisers</I></B>&rdquo;); and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">The
                                            investment funds set forth on <U>Schedule A</U> hereto, each of which is an entity whose
                                            investment adviser is an Adviser (as defined below) and that would be an investment company
                                            but for Section 3(c)(1) or 3(c)(7) under the 1940 Act (collectively, the &ldquo;<B><I>Existing
                                            Affiliated Funds</I></B>&rdquo; and collectively with the Existing Regulated Funds and the
                                            Existing Advisers, the &ldquo;<B><I>Applicants</I></B>&rdquo;).<SUP>3</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless otherwise
indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder.</FONT></TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guggenheim
                                            Credit Income Fund, et al.</U> (File No. 812-14821), Release No. IC-32960 (January 3, 2018)
                                            (notice), Release No. IC-32996 (January 30, 2018) (order).</FONT></TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All existing entities
that currently intend to rely upon the requested Order have been named as Applicants. Any other existing or future entity that subsequently
relies on the Order will comply with the terms and conditions of the Application.</FONT></TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The relief requested in this application for
the Order (the &ldquo;<B><I>Application</I></B>&rdquo;) would allow a Regulated Fund<SUP>4</SUP> and one or more Affiliated Entities<SUP>5</SUP>
to engage in Co-Investment Transactions<SUP>6</SUP> subject to the terms and conditions described herein. The Regulated Funds and Affiliated
Entities that participate in a Co-Investment Transaction are collectively referred to herein as &ldquo;<B><I>Participants</I></B>.&rdquo;<SUP>7</SUP>
The Applicants do not seek relief for transactions effected consistent with Commission staff no-action positions.<SUP>8</SUP></P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GENERAL DESCRIPTION
OF THE APPLICANTS</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Existing Regulated Funds</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Each of the Existing Regulated Funds is or
will be an externally managed closed-end management investment company. Each of GOF, GBAB and GUG is registered under the 1940 Act as
a diversified, closed-end management investment company. GIPC was formed for the purpose of operating as an externally managed closed-end
management investment company that intends to elect to be regulated as a business development company under Section 54(a) of the 1940
Act. GOF, GBAB, GUG and GPIC were formed as Delaware statutory trusts on November 13, 2006, June 30, 2010, May 20, 2021 and March 6, 2025,
respectively. Each of GOF, GBAB and GUG has elected to be, and GIPC intends to elect to be, treated for federal income tax purposes, and
intends to qualify annually, as a regulated investment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><SUP>4</SUP></TD><TD STYLE="text-align: left">&ldquo;<B><I>Regulated Fund</I></B>&rdquo; means the Existing Regulated Funds and any Future Regulated
Funds. &ldquo;<B><I>Future Regulated Fund</I></B>&rdquo; means an entity (a) that is a closed-end management investment company registered
under the 1940 Act, or a closed-end management investment company that has elected to be regulated as a business development company under
the 1940 Act, (b) whose (1) primary investment adviser or (2) sub-adviser is an Adviser (as defined below) and (c) that intends to engage
in Co-Investment Transactions. If an Adviser serves as sub-adviser to a Regulated Fund whose primary adviser is not also an Adviser, such
primary adviser shall be deemed to be an Adviser with respect to conditions 3 and 4 only.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.3in; text-align: left; text-indent: 0.9pt">The term Regulated
Fund also includes (a) any Wholly-Owned Investment Sub (as defined below) of a Regulated Fund, (b) any Joint Venture (as defined below)
of a Regulated Fund, and (c) any BDC Downstream Fund (as defined below) of a Regulated Fund that is a business development company. &ldquo;<B><I>Wholly-Owned
Investment Sub</I></B>&rdquo; means an entity: (a) that is a &ldquo;wholly-owned subsidiary&rdquo; (as defined in Section 2(a)(43) of
the 1940 Act) of a Regulated Fund; (b) whose sole business purpose is to hold one or more investments and which may issue debt on behalf
or in lieu of such Regulated Fund; and (c) is not a registered investment company or a business development company. &ldquo;<B><I>Joint
Venture</I></B>&rdquo; means an unconsolidated joint venture subsidiary of a Regulated Fund, in which all portfolio decisions, and generally
all other decisions in respect of such joint venture, must be approved by an investment committee consisting of representatives of the
Regulated Fund and the unaffiliated joint venture partner (with approval from a representative of each required). &ldquo;<B><I>BDC Downstream
Fund</I></B>&rdquo; means an entity (a) directly or indirectly controlled by a Regulated Fund that is a business development company,
(b) that is not controlled by any person other than the Regulated Fund (except a person that indirectly controls the entity solely because
it controls the Regulated Fund), (c) that would be an investment company but for Section 3(c)(1) or 3(c)(7) of the 1940 Act, (d) whose
investment adviser is an Adviser and (e) that is not a Wholly-Owned Investment Sub.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.3in; text-align: left; text-indent: 0.9pt">In the case of a Wholly-Owned
Investment Sub that does not have a chief compliance officer or a Board, the chief compliance officer and Board of the Regulated Fund
that controls the Wholly-Owned Investment Sub will be deemed to serve those roles for the Wholly-Owned Investment Sub. In the case of
a Joint Venture or a BDC Downstream Fund (as applicable) that does not have a chief compliance officer or a Board, the chief compliance
officer of the Regulated Fund will be deemed to be the Joint Venture&rsquo;s or BDC Downstream Fund&rsquo;s chief compliance officer,
and the Joint Venture&rsquo;s or BDC Downstream Fund&rsquo;s investment committee will be deemed to be the Joint Venture&rsquo;s or BDC
Downstream Fund&rsquo;s Board.</P>

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<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>5</SUP></FONT></TD><TD STYLE="text-align: left">&ldquo;<B><I>Affiliated Entity</I></B>&rdquo; means an entity not controlled by a Regulated Fund that
intends to engage in Co-Investment Transactions and that is (a) with respect to a Regulated Fund, another Regulated Fund; (b) an Adviser
or its affiliates (other than an open-end investment company registered under the 1940 Act), and any direct or indirect, wholly- or majority-owned
subsidiary of an Adviser or its affiliates (other than of an open-end investment company registered under the 1940 Act), that is participating
in a Co-Investment Transaction in a principal capacity; or (c) any entity that would be an investment company but for Section 3(c) of
the 1940 Act or Rule 3a-7 thereunder and whose investment adviser is an Adviser.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.3in; text-align: left; text-indent: 0.9pt">To the extent that
an entity described in clause (b) is not advised by an Adviser, such entity shall be deemed to be an Adviser for purposes of the conditions.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>6</SUP></FONT></TD><TD STYLE="text-align: left">&ldquo;<B><I>Co-Investment Transaction</I></B>&rdquo; means the acquisition or Disposition of securities
of an issuer in a transaction effected in reliance on the Order or previously granted relief.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>7</SUP></FONT></TD><TD STYLE="text-align: left">&ldquo;<B><I>Adviser</I></B>&rdquo; means GPI, GCF, GFIA, GPIM, and any other investment adviser controlling,
controlled by, or under common control with GPI, GCF, GFIA and/or GPIM. The term &ldquo;Adviser&rdquo; also includes any internally-managed
Regulated Fund.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>8</SUP></FONT></TD><TD STYLE="text-align: left"><I>See, e.g.</I>, Massachusetts Mutual Life Insurance Co. (pub. avail. June 7, 2000), Massachusetts Mutual
Life Insurance Co. (pub. avail. July 28, 2000) and SMC Capital, Inc. (pub. avail. Sept. 5, 1995).</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">company (&ldquo;<B><I>RIC</I></B>&rdquo;) under Subchapter M of the Internal Revenue
Code. GOF, GBAB and GUG are managed by GPIA, in each case pursuant to an investment advisory agreement, and sub-advised by GPIM, in each
case pursuant to an investment sub-advisory agreement. GIPC will be managed by GPI pursuant to an investment advisory agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">GOF&rsquo;s objectives and strategies are to
maximize total return through a combination of current income and capital appreciation by combining a credit-managed fixed-income portfolio
with access to a diversified pool of alternative investments and equity strategies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">GBAB&rsquo;s objectives and strategies are
to provide current income with a secondary objective of long-term capital appreciation by investing primarily in a diversified portfolio
of taxable municipal securities, including Build America Bonds, and other investment grade, income generating debt securities, including
debt instruments issued by non-profit entities (such as entities related to healthcare, higher education and housing), municipal conduits,
project finance corporations, and tax-exempt municipal securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">GUG&rsquo;s objectives and strategies are to
maximize total return through a combination of current income and capital appreciation by investing in a wide range of both fixed-income
and other debt instruments selected from a variety of sectors and credit qualities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">GIPC&rsquo;s objectives and strategies are
to generate current income and, to a lesser extent, long-term capital appreciation by investing in a portfolio consisting primarily of
highly negotiated debt investments in middle market and upper-middle market companies, consisting of loans (primarily senior secured)
but also including bonds and other debt instruments, along with associated equity kickers, securities with equity-like characteristics
and other equity investments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Each Fund&rsquo;s business and affairs are
or will be managed under the direction of a board of directors (or the equivalent) (a &ldquo;<B><I>Board</I></B>&rdquo;). GOF, GBAB and
GUG&rsquo;s Board consists of seven members, six of whom are considered independent trustees as defined in Section 2(a)(19) of the Act.
GIPC&rsquo;s Board will consist of a majority of independent trustees.<SUP>9</SUP> Each Fund&rsquo;s Board has delegated daily management
and investment authority to the Existing Advisers pursuant to an investment advisory agreement and, as applicable, an investment sub-advisory
agreement.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Existing Affiliated Funds</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Each Existing Affiliated Fund is an investment
fund whose investment adviser is an Adviser and which would be an investment company but for Section 3(c)(1) or 3(c)(7) of the 1940
Act. A list setting out the Existing Affiliated Funds is included on Schedule A hereto.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Existing Advisers</FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">GFIA is the investment adviser to GOF, GUG and GBAB and is registered as
an investment adviser under the Advisers Act. GPIM is the investment sub-adviser to GOF, GUG and GBAB and investment adviser to certain
Existing Affiliated Funds and is registered as an investment adviser under the Advisers Act. GCF is the investment adviser to certain
Existing Affiliated Funds and is registered as and investment adviser under the Advisers Act.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">GPI will be the investment adviser to GIPC and will seek to be registered
as an investment adviser under the Advisers Act.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORDER REQUESTED</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The Applicants request an Order of the Commission
under Sections 17(d) and 57(i) of the 1940 Act and Rule 17d-1 thereunder to permit, subject to the terms and conditions set forth below
in this Application (the &ldquo;<B><I>Conditions</I></B>&rdquo;), each Regulated Fund to be able to participate with one or more Affiliated
Entities in Co-Investment Transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applicable
Law </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Section 17(d), in relevant part, prohibits an
affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from effecting
any transaction in which the registered investment company is &ldquo;a joint or a joint and several participant with such person&rdquo;
in contravention of such rules as the SEC may prescribe &ldquo;for the purpose of limiting or preventing participation by such [fund]
on a basis different from or less advantageous than that of such other participant.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

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<TD STYLE="width: 15pt; text-align: left"><SUP>9</SUP></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left">The Board of each Future Regulated Fund will consist of a majority of members who are not
&ldquo;interested persons&rdquo; of such Future Regulated Fund within the meaning of Section 2(a)(19) of the Act.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Rule 17d-1 prohibits an affiliated person,
or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from participating in, or
effecting any transaction in connection with, any &ldquo;joint enterprise or other joint arrangement or profit-sharing plan&rdquo;<SUP>10</SUP>
in which the fund is a participant without first obtaining an order from the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Section 57(a)(4), in relevant part, prohibits
any person related to a business development company in the manner described in Section 57(b), acting as principal, from knowingly effecting
any transaction in which the business development company is a joint or a joint and several participant with such persons in contravention
of such rules as the Commission may prescribe for the purpose of limiting or preventing participation by the business development company
on a basis less advantageous than that of such person. Section 57(i) provides that, until the SEC prescribes rules under Section 57(a),
the SEC&rsquo;s rules under Section 17(d) applicable to registered closed-end investment companies will be deemed to apply to persons
subject to the prohibitions of Section 57(a). Because the SEC has not adopted any rules under Section 57(a), Rule 17d-1 applies to persons
subject to the prohibitions of Section 57(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Rule 17d-1(b) provides, in relevant part, that
in passing upon applications under the rule, the Commission will consider whether the participation of a registered investment company
in a joint enterprise, joint arrangement or profit-sharing plan on the basis proposed is consistent with the provisions, policies and
purposes of the 1940 Act and the extent to which such participation is on a basis different from or less advantageous than that of other
participants.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Need
for Relief </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Each Regulated Fund may be deemed to be an
affiliated person of each other Regulated Fund within the meaning of Section 2(a)(3) if it is deemed to be under common control because
an Adviser is or will be either the investment adviser or sub-adviser to each Regulated Fund. Section 17(d) and Section 57(b) apply to
any investment adviser to a closed-end fund or a business development company, respectively, including a sub-adviser. Thus, an Adviser
and any Affiliated Entities that it advises could be deemed to be persons related to Regulated Funds in a manner described by Sections
17(d) and 57(b). GPI, GCF, GFIA and GPIM are each majority-owned by Guggenheim Partners, LLC, are under common control, and are thus affiliated
persons of each other. Accordingly, with respect to GPI, GCF, GFIA, GPIM, and any other Advisers that are deemed to be affiliated persons
of each other, Affiliated Entities advised by any of them could be deemed to be persons related to Regulated Funds (or a company controlled
by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). In addition, any entities or accounts controlled by or under common
control with GPI, GCF, GFIA, GPIM, and/or any other Advisers that are deemed to be affiliated persons of each other that may, from time
to time, hold various financial assets in a principal capacity, could be deemed to be persons related to Regulated Funds (or a company
controlled by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). Finally, with respect to any Wholly-Owned Investment
Sub, Joint Venture, or BDC Downstream Fund of a Regulated Fund, such entity would be a company controlled by its parent Regulated Fund
for purposes of Section 57(a)(4) of the 1940 Act and Rule 17d-l under the 1940 Act.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conditions
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Applicants agree that any Order granting the
requested relief will be subject to the following Conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Same Terms</U>. With respect to any Co-Investment Transaction, each Regulated Fund, and Affiliated Entity participating in
such transaction will acquire, or dispose of, as the case may be, the same class of securities, at the same time, for the same price
and with the same conversion, financial reporting and registration rights, and with substantially the same other terms (provided that
the settlement date for an Affiliated Entity may occur up to ten business days after the settlement date for the Regulated Fund, and
vice versa). If a Participant, but not all of the Regulated Funds, has the right to nominate a director for election to a portfolio company&rsquo;s
board of directors, the right to appoint a board observer or any similar right to participate in the governance or management of a portfolio
company, the Board of each Regulated Fund that does not hold this right must be given the opportunity to veto the selection of such person.<SUP>11</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Existing Investments in the Issuer</U>. Prior to a Regulated Fund acquiring in a Co-Investment Transaction a security of an
issuer in which an Affiliated Entity has an existing interest in such issuer, the &ldquo;required majority,&rdquo; as defined in Section
57(o) of the</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

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<TD STYLE="width: 15pt; text-align: left"><SUP>10</SUP></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left">Rule 17d-1(c) defines a &ldquo;[j]oint enterprise or other joint arrangement or profit-sharing
plan&rdquo; to include, in relevant part, &ldquo;any written or oral plan, contract, authorization or arrangement or any practice or
understanding concerning an enterprise or undertaking whereby a registered investment company &hellip; and any affiliated person of or
principal underwriter for such registered company, or any affiliated person of such a person or principal underwriter, have a joint or
a joint and several participation, or share in the profits of such enterprise or undertaking &hellip;.&rdquo;</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: left"><SUP>11</SUP></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left">Such a Board can also, consistent with applicable fund documents, facilitate this opportunity
by delegating the authority to veto the selection of such person to a committee of the Board.</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">1940 Act,<SUP>12</SUP> of the Regulated Fund
(&ldquo;<B><I>Required Majority</I></B>&rdquo;) will take the steps set forth in Section 57(f) of the 1940 Act,<SUP>13</SUP> unless:
(i) the Regulated Fund already holds the same security as each such Affiliated Entity; and (ii) the Regulated Fund and each other Affiliated
Entity holding the security is participating in the acquisition in approximate proportion to its then-current holdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Related Expenses</U>. Any expenses associated with acquiring, holding or disposing of any securities acquired in a Co-Investment
Transaction, to the extent not borne by the Adviser(s), will be shared among the Participants in proportion to the relative amounts of
the securities being acquired, held or disposed of, as the case may be.<SUP>14</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Remuneration</U>. Any transaction fee<SUP>15</SUP> (including break-up, structuring, monitoring or commitment fees but excluding
broker&rsquo;s fees contemplated by section 17(e) or 57(k) of the 1940 Act, as applicable), received by an Adviser and/or a Participant
in connection with a Co-Investment Transaction will be distributed to the Participants on a pro rata basis based on the amounts they
invested or committed, as the case may be, in such Co-Investment Transaction. If any transaction fee is to be held by an Adviser pending
consummation of the transaction, the fee will be deposited into an account maintained by the Adviser at a bank or banks having the qualifications
prescribed in section 26(a)(1) of the 1940 Act, and the account will earn a competitive rate of interest that will also be divided pro
rata among the Participants based on the amount they invest in such Co-Investment Transaction. No Affiliated Entity, Regulated Fund,
or any of their affiliated persons will accept any compensation, remuneration or financial benefit in connection with a Regulated Fund&rsquo;s
participation in a Co-Investment Transaction, except: (i) to the extent permitted by Section 17(e) or 57(k) of the 1940 Act; (ii) as
a result of either being a Participant in the Co-Investment Transaction or holding an interest in the securities issued by one of the
Participants; or (iii) in the case of an Adviser, investment advisory compensation paid in accordance with investment advisory agreement(s)
with the Regulated Fund(s) or Affiliated Entity(ies).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Co-Investment Policies</U>. Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will adopt and implement
policies and procedures reasonably designed to ensure that: (i) opportunities to participate in Co-Investment Transactions are allocated
in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating the Co-Investment Transaction considers
the interest in the Transaction of any participating Regulated Fund (the &ldquo;<B><I>Co-Investment Policies</I></B>&rdquo;). Each Adviser
(and each Affiliated Entity that is not advised by an Adviser) will provide its Co-Investment Policies to the Regulated Funds and will
notify the Regulated Funds of any material changes thereto.<SUP>16</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dispositions:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(a)</TD><TD STYLE="text-align: left">Prior to any Disposition<SUP>17</SUP>
                                            by an Affiliated Entity of a security acquired in a Co-Investment Transaction, the Adviser
                                            to each Regulated Fund that participated in the Co-Investment Transaction will be notified
                                            and each such Regulated Fund given the opportunity to participate pro rata based on the proportion
                                            of its holdings relative to the other Affiliated Entities participating in such Disposition.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(b)</TD><TD STYLE="text-align: left">Prior to any Disposition by a Regulated Fund of a security acquired in a Co-Investment Transaction, the
Required Majority will take the steps set forth in Section 57(f) of the 1940 Act, unless: (i) each Affiliated Entity holding the</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><P STYLE="text-align: left; margin-top: 0; margin-bottom: 0"></P>
                                                   <P STYLE="text-align: left; margin-top: 0; margin-bottom: 0">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>12</SUP></FONT></P></TD><TD STYLE="text-align: left">Section 57(o) defines the term &ldquo;required majority,&rdquo; in relevant part, with respect to the
approval of a proposed transaction, as both a majority of a BDC&rsquo;s directors who have no financial interest in the transaction and
a majority of such directors who are not interested persons of the BDC. In the case of a Regulated Fund that is not a BDC, the Board members
that constitute the Required Majority will be determined as if such Regulated Fund were a BDC subject to Section 57(o) of the 1940 Act.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>13</SUP></FONT></TD><TD STYLE="text-align: left">Section 57(f) provides for the approval by a Required Majority of certain transactions on the basis that,
in relevant part: (i) the terms of the transaction, including the consideration to be paid or received, are reasonable and fair to the
shareholders of the BDC and do not involve overreaching of the BDC or its shareholders on the part of any person concerned; (ii) the proposed
transaction is consistent with the interests of the BDC&rsquo;s shareholders and the BDC&rsquo;s policy as recited in filings made by
the BDC with the Commission and the BDC&rsquo;s reports to shareholders; and (iii) the BDC&rsquo;s directors record in their minutes and
preserve in their records a description of the transaction, their findings, the information or materials upon which their findings were
based, and the basis for their findings.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>14</SUP></FONT></TD><TD STYLE="text-align: left">Expenses of an individual Participant that are incurred solely by the Participant due to its unique circumstances
(such as legal and compliance expenses) will be borne by such Participant.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>15</SUP></FONT></TD><TD STYLE="text-align: left">Applicants are not requesting and the Commission is not providing any relief for transaction fees received
in connection with any Co-Investment Transaction.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>16</SUP></FONT></TD><TD STYLE="text-align: left">The Affiliated Entities may adopt shared Co-Investment Policies.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>17</SUP></FONT></TD><TD STYLE="text-align: left">&ldquo;<B><I>Disposition</I></B>&rdquo; means the sale, exchange, transfer or other disposition of an
interest in a security of an issuer.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left">security participates in the Disposition in approximate proportion to its then-current
                                            holding of the security; or (ii) the Disposition is a sale of a Tradable Security.<SUP>18</SUP></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Board Oversight&nbsp;</P>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(a)</TD><TD STYLE="text-align: left">Each Regulated Fund&rsquo;s directors will oversee the Regulated Fund&rsquo;s participation in the co-investment
program in the exercise of their reasonable business judgment.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(b)</TD><TD STYLE="text-align: left">Prior to a Regulated Fund&rsquo;s participation in Co-Investment Transactions, the Regulated Fund&rsquo;s
Board, including a Required Majority, will: (i) review the Co-Investment Policies, to ensure that they are reasonably designed to prevent
the Regulated Fund from being disadvantaged by participation in the co-investment program; and (ii) approve policies and procedures of
the Regulated Fund that are reasonably designed to ensure compliance with the terms of the Order.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(c)</TD><TD STYLE="text-align: left">At least quarterly, each Regulated Fund&rsquo;s Adviser and chief compliance officer (as defined in Rule
38a-1(a)(4)) will provide the Regulated Fund Boards with reports or other information requested by the Board related to a Regulated Fund&rsquo;s
participation in Co-Investment Transactions and a summary of matters, if any, deemed significant that may have arisen during the period
related to the implementation of the Co-Investment Policies and the Regulated Fund&rsquo;s policies and procedures approved pursuant to
(b) above.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(d)</TD><TD STYLE="text-align: left">Every year, each Regulated Fund&rsquo;s Adviser and chief compliance officer will provide the Regulated
Fund&rsquo;s Board with reports or other information requested by the Board related to the Regulated Fund&rsquo;s participation in the
co-investment program and any material changes in the Affiliated Entities&rsquo; participation in the co-investment program, including
changes to the Affiliated Entities&rsquo; Co-Investment Policies.</TD></TR></TABLE>

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<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">(e)</TD><TD STYLE="text-align: left">The Adviser and the chief compliance officer will also notify the Regulated Fund&rsquo;s Board of a compliance
matter related to the Regulated Fund&rsquo;s participation in the co-investment program and related Co-Investment Policies or the Regulated
Fund&rsquo;s policies and procedures approved pursuant to (b) above that a Regulated Fund&rsquo;s chief compliance officer considers to
be material.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Recordkeeping</U>. All information presented to the Board pursuant to the order will be kept for the life of the Regulated
Fund and at least two years thereafter, and will be subject to examination by the Commission and its Staff. Each Regulated Fund will
maintain the records required by Section 57(f)(3) as if it were a business development company and each of the Co-Investment Transactions
were approved by the Required Majority under Section 57(f).<SUP>19</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that the Commission adopts a rule under the 1940 Act allowing co-investments of the type described in this Application,
any relief granted by the Order will expire on the effective date of that rule.</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">IV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STATEMENT IN SUPPORT
OF RELIEF REQUESTED</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in">Applicants submit that allowing
the Co-Investment Transactions described by this Application is justified on the basis of (i) the potential benefits to the Regulated
Funds and their respective shareholders and (ii) the protections found in the terms and conditions set forth in this Application.</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">A.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal">Potential
Benefits to the Regulated Funds and their Shareholders </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Section 57(a)(4) and Rule 17d-1 (as applicable)
limit the ability of the Regulated Funds to participate in attractive co-investment opportunities under certain circumstances. If the
relief is granted, the Regulated Funds should: (i) be able to participate in a larger number and greater variety of investments, thereby
diversifying their portfolios and providing related risk-limiting benefits; (ii) be able to participate in larger financing opportunities,
including those involving issuers with better credit quality, which otherwise might not be available to investors of a Regulated Fund&rsquo;s
size; (iii) have greater bargaining power (notably with regard to creditor protection terms</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"></P>

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<TD STYLE="width: 15pt; text-align: left"><SUP>18</SUP></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left">&ldquo;<B><I>Tradable Security</I></B>&rdquo; means a security which trades: (i) on a national
securities exchange (or designated offshore securities market as defined in Rule 902(b) under the Securities Act of 1933, as amended)
and (ii) with sufficient volume and liquidity (findings which are to be made in good faith and documented by the Advisers to any Regulated
Funds) to allow each Regulated Fund to dispose of its entire remaining position within 30 days at approximately the price at which the
Regulated Fund has valued the investment.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15pt; text-align: left"><SUP>19</SUP></TD><TD STYLE="text-align: left; width: 5pt"></TD><TD STYLE="text-align: left">If a Regulated Fund enters into a transaction that would be a Co-Investment Transaction pursuant
to this Order in reliance on another exemptive order instead of this Order, the information presented to the Board and records maintained
by the Regulated Fund will expressly indicate the order relied upon by the Regulated Fund to enter into such transaction.</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">and other similar investor rights), more control
over the investment and less need to bring in other external investors or structure investments to satisfy the different needs of external
investors; (iv) benefit from economies of scale by sharing fixed expenses associated with an investment with the other Participants; and
(v) be able to obtain better deal flow from investment bankers and other sources of investments.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder
Protections </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Each Co-Investment Transaction would be subject
to the terms and conditions of this Application. The Conditions are designed to address the concerns underlying Sections 17(d) and 57(a)(4)
and Rule 17d-l by ensuring that participation by a Regulated Fund in any Co-Investment Transaction would not be on a basis different from
or less advantageous than that of other Participants. Under Condition 5, each Adviser (and each Affiliated Entity that is not advised
by an Adviser) will adopt and implement Co-Investment Policies that are reasonably designed to ensure that (i) opportunities to participate
in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating
the Co Investment Transaction considers the interest in the Transaction of any participating Regulated Fund. The Co-Investment Policies
will require an Adviser to make an independent determination of the appropriateness of a Co-Investment Transaction and the proposed allocation
size based on each Participant&rsquo;s specific investment profile and other relevant characteristics.</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRECEDENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The Commission has previously issued orders
permitting certain investment companies subject to regulation under the 1940 Act and their affiliated persons to be able to participate
in Co-Investment Transactions (the &ldquo;<B><I>Existing Orders</I></B>&rdquo;).<SUP>20</SUP> Similar to the Existing Orders, the Conditions
described herein are designed to mitigate the possibility for overreaching and to promote fair and equitable treatment of the Regulated
Funds. Accordingly, the Applicants submit that the scope of investor protections contemplated by the Conditions are consistent with those
found in the Existing Orders.</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">VI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROCEDURAL MATTERS</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communications</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Please address all communications concerning
this Application, the Notice and the Order to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Mark E. Mathiasen, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Managing Director</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Guggenheim Funds Investment Advisors, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Guggenheim Partners Investment Management, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Guggenheim Private Investments, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Guggenheim Corporate Funding, LLC </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>330 Madison Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>New York, New York 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Telephone: (312) 357-0394</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><BR>
Please address any questions, and a copy of any communications, concerning this Application, the Notice, and the Order to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Cynthia R. Beyea, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Julien Bourgeois, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Dechert LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>1900 K St NW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="text-align: left; width: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>20</SUP></FONT></TD><TD STYLE="text-align: left"><I>See, e.g.</I>, Polen Credit Opportunities Fund, <I>et al.</I> (File No. 812-15457) Release No. IC-35183
(May 2, 2024) (notice), Release No. IC-35206 (May 28, 2024) (Order); Sound Point Meridian Capital, Inc., <I>et al.</I> (File No. 812-15476-01)
Release No. IC-35173 (April 19, 2024) (notice), Release No. IC-35192 (May 15, 2024) (order); Brookfield Infrastructure Income Fund Inc.,
<I>et al.</I> (File No. 812-15415), Release No. IC-35001 (September 20, 2022) (notice), Release No. IC-35032 (October 17, 2023) (order);
T. Rowe Price OHA Select Private Credit Fund, <I>et al.</I> (File No. 812-15461), Release No. IC-34963 (July 24, 2023) (notice), Release
No. IC-34987 (August 21, 2023) (order); KKR Real Estate Select Trust Inc., <I>et al.</I> (File No. 812-15181), Release No. IC-34962 (July
18, 2023) (notice), Release No. IC-34985 (August 15, 2023) (order); MBC Total Private Markets Access Fund, <I>et al.</I> (File No. 812-15422),
Release No. IC-34953 (June 28, 2023) (notice), Release No. IC-34965 (July 25, 2023) (order); Vista Credit Strategic Lending Corp. <I>et
al.</I> (File No. 812-15323), Release No. IC-34946 (June 20, 2023) (notice), Release No. IC-34961 (July 18, 2023) (order).</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Washington, DC 20006</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Cynthia.Beyea@Dechert.com</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Julien.Bourgeois@Dechert.com</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="text-align: left; font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><FONT STYLE="font-weight: normal">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorizations
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The filing of this Application for the Order
sought hereby and the taking of all acts reasonably necessary to obtain the relief requested herein was authorized by the Board of each
Existing Regulated Fund pursuant to resolutions duly adopted by the Board. Copies of the resolutions are provided below in Exhibit A,
Exhibit B, Exhibit C and Exhibit D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">Pursuant to Rule 0-2(c), Applicants hereby
state that each Existing Regulated Fund and Existing Affiliated Fund have authorized to cause to be prepared and to execute and file with
the Commission this Application and any amendment thereto for an order pursuant to Section 57(i) and Rule 17d-1 permitting certain joint
transactions otherwise prohibited by Sections 17(d) and 57(a)(4) and Rule 17d-1. The persons executing the Application on behalf of the
Applicants being duly sworn deposes and says that they have duly executed the Application for and on behalf of the applicable entities
listed; that they are authorized to execute the Application pursuant to the terms of an operating agreement, management agreement or otherwise;
and that all actions by members, directors or other bodies necessary to authorize each such deponent to execute and file the Application
have been taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The Applicants have caused this Application
to be duly signed on their behalf on the 10th day of November 2025.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM STRATEGIC OPPORTUNITIES FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM TAXABLE MUNICIPAL BOND &amp; INVESTMENT GRADE
DEBT TRUST</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM ACTIVE ALLOCATION FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM INVESTMENTS PRIVATE CREDIT FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Brian E. Binder&#9;</U><BR>
Name:&#9;Brian E. Binder<BR>
Title:&#9;Chief Executive Officer and President</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM PRIVATE INVESTMENTS, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;General Counsel and Secretary</P>

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<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim CORPORATE
FUNDING, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Loan
Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Loan
Fund, LTD.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim High-Yield
Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM MASTER FUND LTD.</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM FUND LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM FUND LTD.</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

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<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Partners
Opportunistic Investment Grade Securities Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Partners
Opportunistic Investment Grade Securities Offshore Fund, Ltd.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Adviser</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-A, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-B, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Guardian (U), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-B (U), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, as Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

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<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM INVESTMENTS FOUNDATIONS FUND-A, L.P</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim U.S.
Loan Fund</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>GFI Fund</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Loan Acquisition, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Guardian (U-O), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Private
Investments Garnet Fund, LP</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Private Investments Garnet Fund GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Private Investments, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: </B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B><U>Schedule A</U></B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">All Existing Affiliated Funds are advised by an Adviser as set forth below:</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.25in">A.</TD><TD STYLE="text-align: left">Adviser is Guggenheim Partners Investment Management, LLC:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">1.</TD><TD STYLE="text-align: left">NZC Guggenheim Master Fund Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">2.</TD><TD STYLE="text-align: left">NZC Guggenheim Fund LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">3.</TD><TD STYLE="text-align: left">NZC Guggenheim Fund LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">4.</TD><TD STYLE="text-align: left">Guggenheim Partners Opportunistic Investment Grade Securities  Fund, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">5.</TD><TD STYLE="text-align: left">Guggenheim Partners Opportunistic Investment Grade Securities Offshore Fund, Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">6.</TD><TD STYLE="text-align: left">Guggenheim Investments Foundations Fund-A, L.P</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">7.</TD><TD STYLE="text-align: left">Guggenheim U.S. Loan Fund</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">8.</TD><TD STYLE="text-align: left">Guggenheim Loan Fund, Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">9.</TD><TD STYLE="text-align: left">Guggenheim Loan Fund, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">10.</TD><TD STYLE="text-align: left">GFI Fund</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">11.</TD><TD STYLE="text-align: left">Guggenheim High-Yield Fund, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.25in">B.</TD><TD STYLE="text-align: left">Adviser is Guggenheim Corporate Funding, LLC:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">1.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">2.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV-B, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">3.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV Guardian (U), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">4.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV-B (U), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">5.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV Loan Acquisition, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">6.</TD><TD STYLE="text-align: left">Guggenheim Investments Private Debt Fund IV Guardian (U-O), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.75in"></TD><TD STYLE="text-align: left; width: 0.25in">7.</TD><TD STYLE="text-align: left">Guggenheim Private Investments Garnet Fund, LP</TD></TR></TABLE>


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<P STYLE="text-align: left; font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">VERIFICATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">The undersigned states that they have duly
executed the attached Application dated November 10, 2025, for and on behalf of the Applicants, as the case may be, that they hold the office
with each such entity as indicated below, and that all actions by stockholders, officers, directors, and other bodies necessary to authorize
the undersigned to execute and file such Application have been taken. The undersigned further states that they are familiar with the instrument
and the contents thereof, and that the facts set forth therein are true to the best of their knowledge, information, and belief.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM STRATEGIC OPPORTUNITIES FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM TAXABLE MUNICIPAL BOND &amp; INVESTMENT GRADE
DEBT TRUST</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM ACTIVE ALLOCATION FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;Chief Legal Officer</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM INVESTMENTS PRIVATE CREDIT FUND</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Brian E. Binder&#9;</U><BR>
Name:&#9;Brian E. Binder<BR>
Title:&#9;Chief Executive Officer and President</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM PRIVATE INVESTMENTS, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Amy J. Lee&#9;</U><BR>
Name:&#9;Amy J. Lee<BR>
Title:&#9;General Counsel and Secretary</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim CORPORATE
FUNDING, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

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<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Loan
Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Loan
Fund, LTD.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim High-Yield
Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM MASTER FUND LTD.</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM FUND LLC</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>NZC GUGGENHEIM FUND LTD.</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Partners
Opportunistic Investment Grade Securities Fund, LLC</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

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    <DIV STYLE="text-align: left; break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: left; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Partners
Opportunistic Investment Grade Securities Offshore Fund, Ltd.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Adviser</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-A, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-B, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Guardian (U), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV-B (U), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, as Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>GUGGENHEIM INVESTMENTS FOUNDATIONS FUND-A, L.P</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<!-- Field: Page; Sequence: 18 -->
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    <DIV STYLE="text-align: left; break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: left; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim U.S.
Loan Fund</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>GFI Fund</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Partners Investment Management, LLC, as
Investment Manager</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Loan Acquisition, L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Investments
Private Debt Fund IV Guardian (U-O), L.P.</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Investments Private Debt Fund IV GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Corporate Funding, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><FONT STYLE="text-transform: uppercase"><B>Guggenheim Private
Investments Garnet Fund, LP</B></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Private Investments Garnet Fund GP, LLC,
its General Partner</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: Guggenheim Private Investments, LLC, its Sole Member</B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 2.25in"><B>By: </B></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2.25in">By:&#9;<U>/s/ Kathleen Amaro&#9;</U><BR>
Name:&#9;Kathleen Amaro<BR>
Title:&#9;Attorney-in-Fact</P>


<!-- Field: Page; Sequence: 19 -->
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    <DIV STYLE="text-align: left; break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: left; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-transform: uppercase; text-align: center">EXHIBIT A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">Resolutions of the Board of Trustees of Guggenheim
Strategic Opportunities Fund</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Board
of Trustees (the &ldquo;<B><I>Board</I></B>&rdquo;) of Guggenheim Strategic Opportunities Fund (the &ldquo;<B><I>Fund</I></B>&rdquo;),
has reviewed the Fund&rsquo;s Co-Investment Exemptive Application (the &ldquo;<B><I>Exemptive Application</I></B>&rdquo;) involving the
Fund and certain affiliates thereof as specified in the Exemptive Application, a copy of which is attached hereto as <U>Appendix A,</U>
for an order of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) pursuant to Section 57(i) of
the Investment Company Act of 1940, as amended (the &ldquo;<B><I>1940 Act</I></B>&rdquo;), and Rule 17d-1 promulgated under the 1940 Act,
permitting certain joint transactions that otherwise may be prohibited by Section 17(d) and Section 57(a)(4) of the 1940 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">NOW, THEREFORE,
BE IT RESOLVED, that the Authorized Officers (as defined below), shall be, and each of them individually hereby is, authorized, empowered
and directed, in the name and on behalf of the Fund, to cause to be executed, delivered and filed with the Commission the Exemptive Application,
in substantially the form attached hereto as <U>Appendix A;</U> and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that the Authorized Officers shall be, and each of them individually hereby is, authorized, empowered and directed, in the name and on
behalf of the Fund, to cause to be made, executed, delivered and filed with the Commission any amendments to the Exemptive Application
and any additional applications for exemptive relief as are determined necessary, advisable or appropriate by any such officers in order
to effectuate the foregoing, such determination to be conclusively evidenced by the taking of any such action; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that all acts and things previously done by any of the Authorized Officers, on or prior to the date hereof, in the name and on behalf
of the Fund in connection with the foregoing resolutions are in all respects authorized, ratified, approved, confirmed and adopted as
the acts and deeds by and on behalf of the Fund; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that any officer of the Fund be, and each of them hereby is, authorized, empowered and directed to certify and deliver copies of these
resolutions to such governmental bodies, agencies, persons, firms or corporations as such officer may deem necessary and to identify by
such officer&rsquo;s signature or certificate, or in such form as may be required, the documents and instruments presented to and approved
herein and to furnish evidence of the approval, by an officer authorized to give such approval, of any document, instrument or provision
or any addition, deletion or change in any document or instrument; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that for purposes of the foregoing resolutions, the Authorized Officers of the Board shall be the Directors, President, Vice President,
Treasurer, Secretary and Assistant Secretaries of the Board or any other authorized signatories designated by the Directors of the Board
from time to time (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">A-1</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-transform: uppercase; text-align: center">EXHIBIT B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 12pt">Resolutions of the Board of Trustees of Guggenheim Taxable Municipal
Bond &amp; Investment Grade Debt Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Board
of Trustees (the &ldquo;<B><I>Board</I></B>&rdquo;) of Guggenheim Taxable Municipal Bond &amp; Investment Grade Debt Trust (the &ldquo;<B><I>Fund</I></B>&rdquo;),
has reviewed the Fund&rsquo;s Co-Investment Exemptive Application (the &ldquo;<B><I>Exemptive Application</I></B>&rdquo;) involving the
Fund and certain affiliates thereof as specified in the Exemptive Application, a copy of which is attached hereto as <U>Appendix A,</U>
for an order of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) pursuant to Section 57(i) of
the Investment Company Act of 1940, as amended (the &ldquo;<B><I>1940 Act</I></B>&rdquo;), and Rule 17d-1 promulgated under the 1940 Act,
permitting certain joint transactions that otherwise may be prohibited by Section 17(d) and Section 57(a)(4) of the 1940 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">NOW, THEREFORE,
BE IT RESOLVED, that the Authorized Officers (as defined below), shall be, and each of them individually hereby is, authorized, empowered
and directed, in the name and on behalf of the Fund, to cause to be executed, delivered and filed with the Commission the Exemptive Application,
in substantially the form attached hereto as <U>Appendix A;</U> and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that the Authorized Officers shall be, and each of them individually hereby is, authorized, empowered and directed, in the name and on
behalf of the Fund, to cause to be made, executed, delivered and filed with the Commission any amendments to the Exemptive Application
and any additional applications for exemptive relief as are determined necessary, advisable or appropriate by any such officers in order
to effectuate the foregoing, such determination to be conclusively evidenced by the taking of any such action; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that all acts and things previously done by any of the Authorized Officers, on or prior to the date hereof, in the name and on behalf
of the Fund in connection with the foregoing resolutions are in all respects authorized, ratified, approved, confirmed and adopted as
the acts and deeds by and on behalf of the Fund; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that any officer of the Fund be, and each of them hereby is, authorized, empowered and directed to certify and deliver copies of these
resolutions to such governmental bodies, agencies, persons, firms or corporations as such officer may deem necessary and to identify by
such officer&rsquo;s signature or certificate, or in such form as may be required, the documents and instruments presented to and approved
herein and to furnish evidence of the approval, by an officer authorized to give such approval, of any document, instrument or provision
or any addition, deletion or change in any document or instrument; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that for purposes of the foregoing resolutions, the Authorized Officers of the Board shall be the Directors, President, Vice President,
Treasurer, Secretary and Assistant Secretaries of the Board or any other authorized signatories designated by the Directors of the Board
from time to time (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">B-1</P>


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    <DIV STYLE="text-align: left; break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-transform: uppercase; text-align: center">EXHIBIT C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">Resolutions of the Board of Trustees of Guggenheim
Active Allocation Fund</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Board
of Trustees (the &ldquo;<B><I>Board</I></B>&rdquo;) of Guggenheim Active Allocation Fund (the &ldquo;<B><I>Fund</I></B>&rdquo;), has reviewed
the Fund&rsquo;s Co-Investment Exemptive Application (the &ldquo;<B><I>Exemptive Application</I></B>&rdquo;) involving the Fund and certain
affiliates thereof as specified in the Exemptive Application, a copy of which is attached hereto as <U>Appendix A,</U> for an order of
the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) pursuant to Section 57(i) of the Investment Company
Act of 1940, as amended (the &ldquo;<B><I>1940 Act</I></B>&rdquo;), and Rule 17d-1 promulgated under the 1940 Act, permitting certain
joint transactions that otherwise may be prohibited by Section 17(d) and Section 57(a)(4) of the 1940 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">NOW, THEREFORE,
BE IT RESOLVED, that the Authorized Officers (as defined below), shall be, and each of them individually hereby is, authorized, empowered
and directed, in the name and on behalf of the Fund, to cause to be executed, delivered and filed with the Commission the Exemptive Application,
in substantially the form attached hereto as <U>Appendix A;</U> and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that the Authorized Officers shall be, and each of them individually hereby is, authorized, empowered and directed, in the name and on
behalf of the Fund, to cause to be made, executed, delivered and filed with the Commission any amendments to the Exemptive Application
and any additional applications for exemptive relief as are determined necessary, advisable or appropriate by any such officers in order
to effectuate the foregoing, such determination to be conclusively evidenced by the taking of any such action; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that all acts and things previously done by any of the Authorized Officers, on or prior to the date hereof, in the name and on behalf
of the Fund in connection with the foregoing resolutions are in all respects authorized, ratified, approved, confirmed and adopted as
the acts and deeds by and on behalf of the Fund; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that any officer of the Fund be, and each of them hereby is, authorized, empowered and directed to certify and deliver copies of these
resolutions to such governmental bodies, agencies, persons, firms or corporations as such officer may deem necessary and to identify by
such officer&rsquo;s signature or certificate, or in such form as may be required, the documents and instruments presented to and approved
herein and to furnish evidence of the approval, by an officer authorized to give such approval, of any document, instrument or provision
or any addition, deletion or change in any document or instrument; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that for purposes of the foregoing resolutions, the Authorized Officers of the Board shall be the Directors, President, Vice President,
Treasurer, Secretary and Assistant Secretaries of the Board or any other authorized signatories designated by the Directors of the Board
from time to time (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">C-1</P>


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    <DIV STYLE="text-align: left; break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-transform: uppercase; text-align: center">EXHIBIT D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">Resolutions of the Initial Trustee of Guggenheim
Investments Private Credit Fund</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Initial
Trustee (the &ldquo;<B><I>Initial Trustee</I></B>&rdquo;) of Guggenheim Investments Private Credit Fund (the &ldquo;<B><I>Fund</I></B>&rdquo;),
has reviewed the Fund&rsquo;s Co-Investment Exemptive Application (the &ldquo;<B><I>Exemptive Application</I></B>&rdquo;) involving the
Fund and certain affiliates thereof as specified in the Exemptive Application, a copy of which is attached hereto as <U>Appendix A,</U>
for an order of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) pursuant to Section 57(i) of
the Investment Company Act of 1940, as amended (the &ldquo;<B><I>1940 Act</I></B>&rdquo;), and Rule 17d-1 promulgated under the 1940 Act,
permitting certain joint transactions that otherwise may be prohibited by Section 17(d) and Section 57(a)(4) of the 1940 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">NOW, THEREFORE,
BE IT RESOLVED, that the Authorized Officers (as defined below), shall be, and each of them individually hereby is, authorized, empowered
and directed, in the name and on behalf of the Fund, to cause to be executed, delivered and filed with the Commission the Exemptive Application,
in substantially the form attached hereto as <U>Appendix A;</U> and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that the Authorized Officers shall be, and each of them individually hereby is, authorized, empowered and directed, in the name and on
behalf of the Fund, to cause to be made, executed, delivered and filed with the Commission any amendments to the Exemptive Application
and any additional applications for exemptive relief as are determined necessary, advisable or appropriate by any such officers in order
to effectuate the foregoing, such determination to be conclusively evidenced by the taking of any such action; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that all acts and things previously done by any of the Authorized Officers, on or prior to the date hereof, in the name and on behalf
of the Fund in connection with the foregoing resolutions are in all respects authorized, ratified, approved, confirmed and adopted as
the acts and deeds by and on behalf of the Fund; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that any officer of the Fund be, and each of them hereby is, authorized, empowered and directed to certify and deliver copies of these
resolutions to such governmental bodies, agencies, persons, firms or corporations as such officer may deem necessary and to identify by
such officer&rsquo;s signature or certificate, or in such form as may be required, the documents and instruments presented to and approved
herein and to furnish evidence of the approval, by an officer authorized to give such approval, of any document, instrument or provision
or any addition, deletion or change in any document or instrument; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 12pt 0; text-align: left; text-indent: 0.5in">FURTHER RESOLVED,
that for purposes of the foregoing resolutions, the Authorized Officers shall be the any authorized signatories designated by the Initial
Trustee or, when constituted, the board of trustees of the Fund from time to time (collectively, the &ldquo;<B><I>Authorized Officers</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">D-1</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
