Tender Offer - John Hancock Multi Asset Credit Fund
Form Type: N-23C3A
Filing Date: 2025-05-21
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525123641
Filing Summary: John Hancock CQS Multi Asset Credit Fund announces its quarterly repurchase offer under Rule 23c-3, effective May 21, 2025, allowing shareholders to tender a portion of their shares for repurchase at net asset value. The Repurchase Request Deadline is June 16, 2025, at 4:00 p.m. Eastern Time. The fund intends to repurchase 5% of its outstanding shares, with the payment made no later than seven days after the Repurchase Pricing Date of June 17, 2025. Shareholders are advised that the offer provides limited liquidity for the closed-end fund's shares, which are not redeemable daily or traded on an exchange. Modification or withdrawal of tender requests can occur until the Request Deadline, and the offer may not be subject to pro-rata conditions depending on demand. All requests must be submitted in proper form through their authorized intermediaries, and the fund reserves rights related to the acceptance of tenders and NAV fluctuations during the transition period.
Additional details:
Repurchase Offer Start Date: 2025-05-21
Repurchase Request Deadline: 2025-06-16
Repurchase Pricing Date: 2025-06-17
Net Asset Value Per Share: 20.05
Form Type: N-23C3A
Filing Date: 2025-02-19
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525029112
Filing Summary: John Hancock CQS Multi Asset Credit Fund has issued a notification regarding its quarterly share repurchase offer, effective February 19, 2025. The Fund is offering to repurchase up to 5% of its outstanding shares at net asset value (NAV) to provide liquidity to shareholders, as shares cannot be redeemed daily. The Repurchase Request Deadline for tendering shares is set for March 17, 2025, at 4:00 p.m. ET, with the Repurchase Pricing Date anticipated for March 18, 2025. This quarterly offer gives shareholders the opportunity to sell their shares, which are not tradeable on an exchange and lack a secondary market. Shareholders are advised of the potential tax implications and the importance of submitting requests properly by the deadline. The Fund may accept fewer shares if the submissions exceed the repurchase amount and reserves the option to suspend the offer under certain conditions, providing detailed instructions for any modifications or withdrawals of tendered shares. The Fund’s NAV was $20.05 for Class I shares, and no special handling fees for repurchases will be charged. Shareholders are encouraged to consult their financial advisors regarding the repurchase process and any tax obligations.
Additional details:
Repurchase Offer Period Start: 2025-02-19
Repurchase Request Deadline: 2025-03-17
Repurchase Pricing Date: 2025-03-18
Net Asset Value Per Share: 20.05
Repurchase Percent: 5
Tax Implications: consult tax advisor
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