John Hancock Comvest Private Income Fund: assumes MPCF loan facility

What happened

• The filing says that on Sep 30, 2026, as a result of the Fund’s acquisition of Manulife Private Credit Fund (“MPCF”), the Fund became party to and assumed all of MPCF’s obligations under the Loan and Security Agreement dated Mar 26, 2024 (the “JPM Funding Facility”), among Manulife Private Credit Fund SPV, LLC, MPCF, the lenders party thereto, The Bank of New York Mellon Trust Company, National Association, and JPMorgan Chase Bank, National Association.
• The filing says that on Sep 29, 2026, the Fund declared dividends for each class of its common shares of beneficial interest. For Class I common shares the gross dividend per share is $0.1807, the net dividend per share is $0.1807 and the annualized distribution yield is 8.64 %. Dividends are payable to shareholders of record Sep 29, 2026 and will be paid on or about Oct 23, 2026, in cash or reinvested under the dividend reinvestment plan.

Key details

• Item 2.03: the assumption of MPCF’s obligations under the JPM Funding Facility occurred on Sep 30, 2026; the facility is described in MPCF’s Form 10-Q for the quarter ended Jun 30, 2026, filed Aug 13, 2026, and exhibits 10.1 through 10.6 to this 8-K.
• NAV and balance sheet as of Aug 31, 2026: NAV per share for Class I $25.11; aggregate NAV $515,058,027; fair value of investment portfolio $948,925,882; principal debt outstanding $467,467,537; debt-to-equity ratio approximately 0.91 times.
• Offering status: the Fund is publicly offering up to $2,000,000,000 in shares; as of the Sep 1, 2026 subscription date the Fund had issued 20,510,524 Class I shares for total consideration of $517,408,612.

Why it may matter

• The filing reports Item 2.03, which covers the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement (the Fund’s assumption of MPCF’s obligations under the JPM Funding Facility).
• The filing reports Item 8.01, which covers other events (the Sep 2026 dividend declaration, NAV per share, aggregate NAV, portfolio fair value, debt outstanding and the status of the ongoing offering).
• This filing does not show why the insider traded or why the company acted.