A Total Return Income & Growth Fund

We are excited to announce that Waveland has officially entered the Permian Basin. WRP VII and WRP VIII have acquired an 8-well project located in the heart of the Permian Basin in West Texas. This project is operated by Occidental Petroleum Corporation (NYSE: OXY), a US-based oil and gas company with a market capitalization of $40 billion and operations worldwide. The acquisition was finalized on November 24, 2025, and Oxy has already begun drilling this project.

In addition to this transaction, we are currently conducting due diligence on several other projects in the Permian and Bakken Regions.

The Funds’ strategy is to aggregate oil and gas assets located in the core of the Bakken Shale in North Dakota and the Permian Basin in West Texas and Southeast New Mexico. Our objective is to generate quarterly cash distributions from our net operating income and grow asset value by reinvesting a portion of the income to make additional acquisitions and drill new wells to build asset value toward a profitable exit.

VJG

November 24, 2025