– Current CFO, COO & CCO, Oz Street, to retire after 30 year career.

– Stephen Rainville to join the firm as incoming CFO, COO & CCO

BOSTON–(BUSINESS WIRE)–Callodine Commercial Finance (“CCF” or the “Company”) today announced that the
Company’s current Chief Financial Officer, Chief Operating Officer and Chief Compliance Officer, Oz Street, will retire after
15 years of distinguished service with CCF and its predecessor companies. CCF has hired industry veteran Stephen
Rainville to succeed Mr. Street in his role.

“I want to take the opportunity to personally thank Oz for all that he has done for our firm over the course of the last
decade,” said Gene Martin, CEO of CCF. “He has been an instrumental member of our team, and on behalf our entire
organization, we wish him the very best in retirement. We are excited to welcome Steve to the firm and look forward to the
experience and set of skills that he will bring to our growing platform.”

Mr. Rainville has over 17 years of experience and joins CCF from Manulife Investment Management, where he most
recently held the position of Managing Director in the Private Equity and Credit group and was responsible for the finance
and operations function for the one of the firm’s private credit strategies. Mr. Rainville will start in June 2022 and will
overlap with Mr. Street to facilitate the transition.

About Callodine Commercial Finance
Callodine Commercial Finance (“CCF”) is a provider of asset-based loans to middle market companies in the U.S. and
Western Europe. CCF serves as a complementary financing source, filling a gap between where traditional capital
providers are comfortable lending and the capital a company needs. CCF is a subsidiary of Callodine Group. For additional
information about the firm, please visit Callodine’s website at www.callodine.com.

Contacts
Callodine Group
Tyler Bak
Phone: (617) 880-7491
Email: ir@callodine.com