SCHEDULE: Manulife Entities Disclose 5.21% Stake in Riverview Bancorp

Manulife Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, has disclosed a 5.21% beneficial ownership stake in Riverview Bancorp, Inc. common stock.

Summary

• Manulife Financial Corporation and its subsidiaries, Manulife Investment Management Limited (MIML) and Manulife Investment Management (US) LLC (MIM (US)), have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Riverview Bancorp, Inc.
• MIM (US) beneficially owns 1,081,219 shares of Riverview Bancorp Common Stock, representing 5.21% of the class.
• MIML beneficially owns 5,041 shares of Riverview Bancorp Common Stock, representing 0.02% of the class.
• Manulife Financial Corporation, as the parent company, may be deemed to have beneficial ownership of the combined shares held by its subsidiaries.
• The total number of Riverview Bancorp Common Stock shares outstanding was 20,750,376 as of November 7, 2025.
• MIM (US) has sole voting and dispositive power over its 1,081,219 shares, and MIML has sole voting and dispositive power over its 5,041 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development for Riverview Bancorp, as it signifies increased institutional confidence and a notable investment by a reputable global asset manager, without indicating any immediate negative implications.

Positives

• Increased institutional ownership by a major financial entity like Manulife could be seen as a vote of confidence in Riverview Bancorp.
• Manulife Investment Management (US) LLC now holds a significant 5.21% stake, indicating a notable investment position.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding future performance or strategic plans for Riverview Bancorp or Manulife.

Management Comments

• By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to MIML is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s).
• I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
• After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Industry Context

StockSavvy.ai notes that the banking sector, particularly regional banks like Riverview Bancorp, often attracts institutional investors seeking value or strategic positions. A significant stake by a major global financial services group like Manulife could signal perceived stability or growth potential within the regional banking landscape, potentially influencing other institutional investment decisions.

Comparison to Industry Standards

• A 5.21% stake by an institutional investor like Manulife Investment Management (US) LLC is a substantial position, often indicative of a long-term investment strategy rather than short-term trading.
• Compared to typical institutional holdings in regional banks, a stake exceeding 5% places Manulife among the more significant shareholders, potentially alongside other large asset managers such as Vanguard, BlackRock, or Fidelity, who frequently hold passive stakes in publicly traded companies.
• This level of ownership is below the threshold that would typically trigger activist investor concerns or a Schedule 13D filing, suggesting a passive investment intent under Rule 13d-1(b).

Stakeholder Impact

• Shareholders: Existing shareholders may view the increased institutional ownership as a positive signal, potentially leading to increased investor confidence and stability in the stock.
• Management: Riverview Bancorp's management will be aware of a significant institutional investor holding a 5.21% stake, which could influence strategic decisions or engagement with major shareholders.

Next Steps

• Manulife Financial Corporation and its subsidiaries will continue to monitor their investment in Riverview Bancorp, Inc.
• Further amendments to Schedule 13G would be filed if there are significant changes in beneficial ownership (e.g., crossing another 1% threshold up or down).

Key Dates

Recommendation

The filing indicates a significant institutional stake by Manulife, which is generally a positive signal of confidence. However, as a Schedule 13G, it is a passive disclosure and does not provide new operational or financial performance data for Riverview Bancorp. Therefore, while the institutional interest is noteworthy, it doesn't fundamentally alter the underlying investment thesis for existing holders, warranting a 'hold' recommendation pending further operational updates from Riverview Bancorp.

Keywords

Riverview Bancorp, Manulife, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Financial Services, Banking Sector