February 2026 PL Dynamo 2 Fund Performance Report: 1.98-2.23% Returns

PL Dynamo 2 delivered solid February returns of 1.98-2.23%*, varying by share class. Despite a seasonally slower origination month, fund-level revenue and profit remained essentially flat compared to January—demonstrating the fund's consistency. Dynamo made significant strides in capital markets strategy and pipeline development, positioning the fund well for spring and summer growth.

This applies to all investments into PL Dynamo 2 made on or before 2/1/26.

February 2026 Performance

The fund delivered consistent results across all share classes:

Class A: 1.98% monthly return* | 23.89% annualized*
Class B: 2.16% monthly return* | 26.06% annualized*
Class C: 2.23% monthly return* | 26.93% annualized*

These results demonstrate the continued value of Property Llama's pooled capital approach in securing favorable investment terms for our fund participants.

Trailing Performance

Month	Dynamo Direct	Class A Return (10% higher)	Class B Return (20% higher)	Class C Return (24% higher)
February 2025	1.65%	1.82%	1.98%	2.05%
March 2025	1.70%	1.87%	2.04%	2.11%
April 2025	1.71%	1.88%	2.05%	2.12%
May 2025	1.70%	1.87%	2.04%	2.11%
June 2025	1.70%	1.87%	2.04%	2.11%
July 2025	1.75%	1.93%	2.10%	2.17%
August 2025	1.81%	1.99%	2.17%	2.24%
September 2025	1.86%	2.04%	2.23%	2.30%
October 2025	1.93%	2.12%	2.31%	2.39%
November 2025	1.88%	2.06%	2.25%	2.32%
December 2025	1.94%	2.13%	2.33%	2.40%
January 2026	1.82%	2.00%	2.18%	2.26%
February 2026	1.80%	1.98%	2.16%	2.23%

The fund continues to deliver consistent returns while Dynamo focuses on capital markets expansion and pipeline growth heading into the spring season.

You can read more about the specifics in the included Update from Dynamo at the end of this email. We encourage investors to read the updates and join our LIVE Fund Q&A on Wednesday, March 11th at 11:00AM MDT with our sponsors. Good news: based on LP feedback, you're now automatically registered for all future Q&A calls—you'll receive a calendar invite and webinar link before each session. You can also register directly here: Dynamo Monthly Investor Update – February 2026 Fund Performance

Distribution Details

What will be my return for February?
- Class A: 1.98%*
- Class B: 2.16%*
- Class C: 2.23%*
When will my return be sent? February distributions will be sent by the end of March for PL Dynamo 2 investors. Please allow 3–5 business days (depending on your financial institution) for processing and posting to your account.
If you elected to reinvest your distributions, the reinvested amount will be added to your capital balance and begin earning additional returns as of March 1st.
Your exact dollar amount will be available in your NAV Investor Portal approximately 45 days after the close of the period. You will receive your investor statements at this time.