Tender Offer - John Hancock Asset-Based Lending Fund
Form Type: SC TO-I/A
Filing Date: 2025-04-17
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525084135
Filing Summary: This Final Amendment amends the Issuer Tender Offer Statement on Schedule TO originally filed by the John Hancock Marathon Asset-Based Lending Fund on February 20, 2025. It relates to the Fund's offer to repurchase common shares of beneficial interest from its shareholders for up to $9,100,000. As of March 31, 2025, a total of $5,675,790.34 was tendered and accepted at a net asset value of $20.42 per share, resulting in the tender of 277,952.514 shares for repurchase. The document serves as the final report of the tender offer results as required by Rule 13e-4(c)(4).
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Additional details:
Tender Offer Amount: 9100000
Tendered Amount: 5675790.34
Net Asset Value Per Share: 20.42
Shares Tendered: 277952.514
Form Type: SC TO-I
Filing Date: 2025-02-20
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525030093
Filing Summary: John Hancock Asset-Based Lending Fund is initiating a tender offer to repurchase shares of its beneficial interest from shareholders, offering an amount up to $9.1 million. The tender offer is commencing on February 20, 2025, with a notice date and expiration date set for March 24, 2025. Shareholders are required to notify the Fund by the notice date to tender shares for repurchase. The repurchase valuation date is scheduled for March 31, 2025, where the net asset value of the shares will be assessed. The Fund aims to provide liquidity to its shareholders through this offer and will assess the purchase through cash on hand, securities in-kind, or possibly borrowings. Conditions for withdrawal of share tenders are also provided, allowing shareholders the right to change their minds up until the expiration date, unless extended. The shares subject to repurchase are classified into Class I, Class S, and Class D, and the share prices as of December 31, 2024, were noted as $20.32, $20.45, and $20.34 respectively. It is indicated that the tender offer would have an impact on the income and expense ratios of remaining shareholders, should shares be accepted for repurchase, and the Fund reserves the right to cancel or amend the offer as needed, ensuring that shareholders are notified timely about any changes during the process.
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Additional details:
Date Commencement: 2025-02-20
Notice Date: 2025-03-24
Expiration Date: 2025-03-24
Repurchase Valuation Date: 2025-03-31
Acceptance Date: 2025-04-17
Amount Offered: 9.1 million
Net Asset Value Class I: 20.32
Net Asset Value Class S: 20.45
Net Asset Value Class D: 20.34
Form Type: SC TO-I/A
Filing Date: 2025-01-22
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525010154
Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement for the John Hancock Asset-Based Lending Fund, filed with the SEC. The tender offer relates to the Fund's proposal to repurchase its common shares of beneficial interest from shareholders with an aggregate amount of up to $8,700,000. The offer was first published on November 21, 2024, and this amendment provides results of the tender offer, indicating that $259,693.70 worth of shares were accepted at a net asset value of $20.32 per Share, amounting to 12,780.202 Shares tendered for repurchase. The statement confirms the filing fee calculation and proper certification of the information provided.
Document Link: View Document
Additional details:
Name Of Issuer: John Hancock Asset-Based Lending Fund
Shares Tendered: 12,780.202
Amount Tendered: $259,693.70
Net Asset Value Per Share: $20.32
Total Offer Amount: $8,700,000
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