Manulife Private Credit Plus Fund — John Hancock Life Sells $2.2M

What Happened
John Hancock Life Insurance Co. of New York (reported as a 10% owner) disposed of 110,165.248 shares of Manulife Private Credit Plus Fund in a sale (transaction code S). The shares were sold at $19.97 each for a total reported value of $2,200,000. The Form 4 filing notes the reporting person now holds less than 10% of the issuer and therefore is no longer subject to Section 16 reporting.

Key Details

• Transaction date: 2026-03-31 (sale of 110,165.248 shares)
• Price: $19.97 per share — Total value reported: $2,200,000
• Transaction type: Sale (S) — described as open market or private sale
• Filing date: 2026-08-25 (the Form 4 was filed several months after the transaction) — filing timeliness: late
• Shares owned after transaction: not specified in the filing; issuer remark states reporting person holds <10% and is no longer a Section 16 filer
• Footnotes/plan: none reported (no 10b5-1, tax-withholding, or exercise language indicated)

Context
This was an institutional sale by a large shareholder rather than an insider executive trade. Such disposals by institutional owners often reflect portfolio rebalancing or liquidity needs and do not necessarily signal a change in the company’s fundamentals. The delayed filing means investors had limited same-day visibility into the trade.