SCHEDULE: Manulife Entities Update Riverview Bancorp Stake

Manulife Investment Management (US) LLC reports a 5.30% beneficial ownership in Riverview Bancorp Inc. common stock, as detailed in an amended Schedule 13G filing.

Summary

• Manulife Financial Corporation and its indirect, wholly-owned subsidiaries, Manulife Investment Management Limited and Manulife Investment Management (US) LLC, filed an amended Schedule 13G for Riverview Bancorp Inc.
• Manulife Investment Management (US) LLC beneficially owns 1,109,223 shares of Riverview Bancorp Inc. common stock, representing 5.30% of the class.
• Manulife Investment Management Limited beneficially owns 5,132 shares of Riverview Bancorp Inc. common stock, representing 0.02% of the class.
• Manulife Financial Corporation, as the parent holding company, may be deemed to have beneficial ownership of these same shares through its subsidiaries.
• The total outstanding shares of Riverview Bancorp Inc. common stock were 20,948,378 as of August 8, 2025.
• The event requiring this statement occurred on September 30, 2025.

Sentiment

Score: 5

Explanation: This is a neutral, factual filing reporting beneficial ownership. It does not contain information that would inherently drive positive or negative sentiment for the issuer.

Positives

• Increased transparency regarding significant institutional ownership in Riverview Bancorp Inc.
• Confirmation of a passive investment by a major global financial services group, Manulife, in Riverview Bancorp Inc.

Negatives

• No direct negatives for the issuer are disclosed in this routine ownership update.

Risks

• NA

Future Outlook

This filing is a historical ownership disclosure and does not contain forward-looking statements or guidance regarding the issuer's future outlook.

Management Comments

• No specific management comments or notable quotes from Riverview Bancorp Inc. management are included in this ownership disclosure filing.

Industry Context

This filing reflects a routine disclosure of institutional ownership in a regional banking institution. Manulife, a global financial services group, holds a passive investment in Riverview Bancorp, which is common for large asset managers diversifying their portfolios across various sectors, including community banking.

Comparison to Industry Standards

• This filing is a standard Schedule 13G amendment, indicating passive investment. It does not provide performance metrics for comparison to industry standards or specific comparable companies/projects.
• The 5.30% stake held by Manulife Investment Management (US) LLC is a significant institutional holding, typical for passive investment funds in smaller-cap financial institutions like Riverview Bancorp Inc.

Stakeholder Impact

• This filing primarily impacts shareholders by providing transparency on significant institutional ownership.
• It indicates that a major financial institution, Manulife, holds a passive stake in Riverview Bancorp Inc., which could be viewed as a vote of confidence by some investors.
• No direct impact on employees, customers, suppliers, or creditors is indicated.

Next Steps

• No specific future actions or milestones for Riverview Bancorp Inc. are mentioned in this ownership disclosure. Manulife entities will continue to monitor their investment.

Key Dates

Recommendation

This Schedule 13G Amendment No. 2 is a routine disclosure of passive institutional ownership by Manulife entities in Riverview Bancorp Inc. It confirms Manulife Investment Management (US) LLC's 5.30% stake. The filing does not contain new financial performance data, strategic shifts, or other material information that would alter the fundamental investment thesis for Riverview Bancorp Inc. Therefore, a 'hold' recommendation is appropriate, as this filing alone does not provide a basis for a change in investment strategy, but confirms continued institutional interest.

Keywords

Riverview Bancorp, Manulife, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Financial Services, Banking