John Hancock Comvest Private Income Fund 8-K

What Happened

• The Fund filed an 8-K (Feb 4, 2026) announcing it declared January 2026 dividends and reporting preliminary December 31, 2025 net asset value (NAV) and offering status.
• For Class I shares the Fund declared a gross and net dividend of $0.2104 per share (annualized distribution yield of 10.00%). Dividends are payable to shareholders of record as of January 29, 2026 and will be paid on or about February 23, 2026; cash or reinvestment under the dividend reinvestment plan is available.
• The Fund reported a preliminary Class I NAV of $25.25 as of December 31, 2025, aggregate NAV of $470,418,550, investment portfolio fair value of $937,724,819, and principal debt outstanding of $481,304,814 (debt-to-equity ≈ 1.02x). The Fund is offering up to $2.0 billion in shares; as of the January 1, 2026 subscription date it had issued 18,638,225 Class I shares for $470,415,800. These figures are preliminary and subject to year-end closing and audit.

Key Details

• Dividend (Class I): $0.2104 gross / $0.2104 net per share; record date Jan 29, 2026; pay date on/about Feb 23, 2026.
• Annualized distribution yield (Class I): 10.00% (based on the Fund’s yield calculation).
• NAV and balance sheet (preliminary, as of Dec 31, 2025): Class I NAV $25.25; aggregate NAV $470,418,550; portfolio fair value $937,724,819; debt outstanding $481,304,814; debt-to-equity ≈ 1.02.
• Offering status: ongoing continuous public offering up to $2.0 billion; 18,638,225 Class I shares issued through Jan 1, 2026 ($470,415,800). No Class S, D, or F shares outstanding as of Jan 1, 2026.

Why It Matters

• Income-focused investors will note the Fund’s declared monthly distribution and the stated 10% annualized yield for Class I, which signals the level of cash payout relative to recent NAV.
• The Fund is meaningfully leveraged (debt roughly equal to equity, debt-to-equity ≈ 1.02x), which can affect risk and return—higher leverage can amplify both income and volatility.
• Reported NAV, portfolio value and share counts are preliminary and subject to audit; final figures in the Fund’s 2025 annual report could differ materially. Investors should consider these provisional figures and the Fund’s offering activity when evaluating holdings or new purchases.