Note 10 – Subsequent Events

Events or transactions occurring after the end of the period through the date that the consolidated financial statements were issued have been evaluated in the preparation of the consolidated financial statements. There are no subsequent events to disclose except for the following:

On July 16, 2025, the Fund entered into the Expense Limitation Agreement with the Advisor. For a one-year term beginning on October 4, 2025 and ending on October 3, 2026, the Advisor contractually agrees to reduce its management fee for the Fund or, if necessary, make payment to the Fund, in an amount equal to the amount by which the aggregate “Expenses” of the Fund incurred in the ordinary course of the Fund’s business exceed 0.50% of the Fund’s monthly net assets (on an annualized basis). For purposes of this agreement, “Expenses” means all the expenses of the Fund, excluding: (1) advisory and incentive fees, (2) interest expense and other borrowing related costs, fees and expenses, (3) Rule 12b-1 fees; (4) any cashiering or other investment servicing fees; (5) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the business of the Fund; (6) taxes; (7) short dividends, (8) Acquired Fund Fees and Expenses; (9) class specific expenses; (10) portfolio brokerage commissions; (11) expenses related to, or incurred by, special purpose vehicles or other subsidiaries of the Fund held directly or indirectly by the Fund; (12) expenses, including legal expenses, related to investments of the Fund; and (13) expenses, including legal expenses, related to co-investment transactions involving the Fund. This agreement expires on October 3, 2026, unless renewed by mutual agreement of the Advisor and the Fund based upon a determination that this is appropriate under the circumstances at that time.

Effective August 1, 2025, Brian VanDelinder, the Fund’s former Chief Compliance Officer, left the Manulife Financial organization. Jason Pratt has been appointed by the Board to serve as the new interim Chief Compliance Officer. From October 12, 2023 to August 1, 2025, Mr. Pratt was the Deputy Chief Compliance Officer of the Fund. Prior to October 12, 2023, Mr. Pratt was the Chief Compliance Officer of the Fund. Below is further information regarding Mr. Pratt’s business experience during the past five years.

Mr. Pratt holds the position of interim Chief Compliance Officer for an indefinite term until his successor is duly appointed and qualified or until he dies, retires, resigns, is removed or becomes disqualified.