John Hancock Comvest Private Income Fund 8-K

What Happened
John Hancock Comvest Private Income Fund (filed on Form 8-K, Item 8.01) announced dividends for February 2026 and reported January 31, 2026 NAV and portfolio/financing metrics. The Fund declared a gross and net dividend of $0.2067 per share for Class I common shares, payable on or about March 26, 2026 to shareholders of record as of March 10, 2026; shareholders may receive cash or reinvest via the Fund’s dividend reinvestment plan. The Fund reported a Class I NAV of $25.33 as of January 31, 2026.

Key Details

• Declared dividend (Class I): Gross $0.2067 / Net $0.2067 per share; payable ~March 26, 2026; record date March 10, 2026.
• Annualized distribution yield (Class I): 9.79% (calculated using prior month NAV).
• January 31, 2026 balances: Aggregate NAV $472,020,722; portfolio fair value $947,371,045; principal debt outstanding $489,304,814; resulting debt-to-equity ratio ≈ 1.04x.
• Ongoing offering: up to $2.0 billion in Shares; as of Feb 1, 2026 the Fund issued 18,631,481 Class I shares for $470,245,517. No Class S, D or F shares outstanding as of that date.

Why It Matters
The declared dividend and the reported 9.79% annualized yield are key income signals for investors seeking regular distributions. The Fund’s balance sheet shows it is leveraged (debt slightly exceeds equity, debt-to-equity ~1.04x), which can amplify returns but also increases risk if asset values fall. The ongoing $2.0 billion offering and recent issuance of Class I shares indicate the Fund is raising capital through monthly share sales. Investors should note dividends are based on the Fund’s dividend policy and NAV calculations and are not guarantees of future distributions.