Certain Bellemeade Re Entities Announce Early Results of Tender Offers for Any and All of Certain Outstanding Classes of Series 2022-1 and 2022-2 Mortgage-Linked Notes

HAMILTON, Bermuda, July 2, 2025 /PRNewswire/ — Bellemeade Re 2022-1 Ltd. (“BMIR 2022-1”) and Bellemeade Re 2022-2 Ltd. (“BMIR 2022-2” together with BMIR 2022-1, as applicable, the “Issuers” and each, an “Issuer”) today announced the early results as of the Early Tender Time (defined below) of its previously announced fixed-price cash tender offers (each an “Offer”) for the purchase of any and all of the applicable Mortgage Insurance-Linked Notes listed in the table below (the “Notes”).

The Issuer has conducted each Offer in accordance with the terms and conditions set forth in the relevant Offer to Purchase of each of BMIR 2022-1 and BMIR 2022-2 dated June 17, 2025 (with respect to each of BMIR 2022-1 and BMIR 2022-2, as amended from time to time, each an “Offer to Purchase”). Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the applicable Offer to Purchase.

As of 5:00 p.m., New York City time, on Tuesday, July 1, 2025 (the “Early Tender Time”), an aggregate original principal amount of the Notes had been validly tendered and not properly withdrawn as set forth in the table below:

¹ Rounded to the neared hundredth of a percent.

The Issuers expect to make payment for the related Notes tendered and accepted on Thursday, July 3, 2025.

BofA Securities, Inc. is the Dealer Manager for each Offer. For additional information regarding the terms of each Offer, please contact BofA Securities, Inc at (980) 387-3907 or (888) 292-0070 (toll-free). Requests for the Offer Documents may be directed to Global Bondholder Services Corporation at (212) 430-3774 or (855) 654-2014 (toll-free).

This announcement does not constitute an invitation to participate in either Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such Offer under applicable securities laws or otherwise. The distribution of materials relating to each Offer, and the transactions contemplated by each Offer, may be restricted by law in certain jurisdictions where it is legal to do so. Each Offer is void in all jurisdictions where it is prohibited. If materials relating to each Offer come into your possession, you are required by the applicable Issuer to inform yourself of and to observe all of these restrictions. The materials relating to each Offer do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that an Offer be made by a licensed broker or dealer and the Dealer Manager or any affiliate of the Dealer Manager is a licensed broker or dealer in that jurisdiction, such Offer shall be deemed to be made by the Dealer Manager or such affiliate on behalf of the applicable Issuer in that jurisdiction.

SOURCE Bellemeade Re 2022-1 Ltd. and Bellemeade Re 2022-2 Ltd.