Note 10—Financial Highlights

The following is a schedule of financial highlights for the nine months ended September 30, 2025 and 2024.


	For the Nine Months Ended September 30,
	2025			2024
Per Share Operating Performance
Net Asset Value, Beginning of Period:	$	25.33		$	25.00
Results of Operations:(1)
Net Investment Income (Loss)		1.84			1.52
Net Realized and Unrealized Gain (Loss) on Investments		(0.11	)		0.18
Net Increase (Decrease) in Net Assets Resulting from Operations		1.73			1.70
Distributions to Shareholders
Distributions from Net Investment Income(2)		(1.79	)		(1.62	)
Net Decrease in Net Assets Resulting from Distributions		(1.79	)		(1.62	)
Net Asset Value, End of Period	$	25.27		$	25.08
Shares Outstanding, End of Period		17,839,728			4,015,003
Total return(3)(4)		7.07	%		6.93	%
Net assets, end of period	$	450,866		$	100,708
Ratio/Supplemental Data
Weighted average shares outstanding		13,269,007			2,180,293
Ratio of net investment income (loss) to average net assets without reimbursement(5)		9.74	%		0.77	%
Ratio of net investment income (loss) to average net assets with reimbusement(5)		10.18	%		8.12	%
Ratio of total expenses to average net assets without reimbursement(5)		11.77	%		11.87	%
Ratio of total expenses to average net assets with reimbursement(5)		11.33	%		4.52	%
Asset coverage ratio(6)		212.15	%		248.32	%
Portfolio turnover rate(4)		10.73	%		1.94	%

(1)

The per common share data was derived using weighted average shares outstanding.

(2)

The tax character of distributions is determined based on the total amount of taxable income for the full tax year and cannot be confirmed until after the close of the tax year. Accordingly, the tax character of the Fund’s distributions as denoted herein may be re-characterized later based on taxable income for the full tax year.

(3)

Total return is calculated assuming a purchase of shares of common stock at the current net asset value on the first day and a sale at the current net asset value on the last day of the period reported.

(4)

Not annualized.

(5)

Annualized.

(6)

Asset coverage ratio is presented as of September 30, 2025 and September 30, 2024, respectively.

John Hancock Comvest Private Income Fund 10-Q