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John Hancock Marathon Asset-Based Lending Fund·4/A

Feb 17, 4:31 PM ET

MARATHON ASSET MANAGEMENT LP 4/A

Research Summary

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Updated

John Hancock Marathon Asset Lending Fund — Marathon Asset Mgmt LP Sells Shares

What Happened
Marathon Asset Management LP, reported as a 10% owner of the John Hancock Marathon Asset Lending Fund (Class I), disposed of Class I shares in two redemptions totaling $2,000,000. The filing reports a June 30, 2025 redemption of 49,067.71 shares at $20.38 ($1,000,000) and a September 30, 2025 redemption of 49,019.61 shares at $20.40 ($1,000,000). These were redemptions of fund shares by the issuer (footnote F1), not open-market sales by an individual insider.

Key Details

  • Transaction dates and amounts:
    • 2025-06-30: 49,067.71 shares @ $20.38 = $1,000,000 (redemption)
    • 2025-09-30: 49,019.61 shares @ $20.40 = $1,000,000 (redemption)
  • Shares owned after transaction: not specified in the amended Form 4.
  • Footnotes:
    • F1: Transactions reflect redemption of Class I shares by the issuer.
    • F2: This is an amended Form 4/A — the original Form 4 (filed 2025-11-14) inadvertently omitted the June 30, 2025 redemption and has been restated to include it and correct share counts.
  • Filing timeliness: The Form 4/A was filed to correct an omission in a prior filing, meaning the June redemption disclosure was delayed; investors should note the late amendment when assessing disclosure timeliness.

Context

  • This filing involves a 10% institutional owner (Marathon Asset Management LP), not an individual officer or director. Redemptions of fund shares by the issuer are routine liquidity events and do not necessarily indicate executive sentiment about the fund. The amendment corrects prior reporting to improve transparency.