[SCHEDULE 13G/A] Riverview Bancorp Inc SEC Filing
Manulife Financial Corporation and its indirect subsidiaries disclosed their holdings in Riverview Bancorp common stock. Manulife Investment Management (US) LLC holds 1,109,293 shares, representing 5.29% of the 20,976,200 shares outstanding used in the filing. Manulife Investment Management Limited holds 5,132 shares (about 0.02%). Through the parent-subsidiary relationship, Manulife Financial Corporation may be deemed to beneficially own these holdings.
The cover information shows reporting-person classifications as HC for the parent, FI for the Canadian subsidiary, and IA for the U.S. subsidiary. The filing specifies sole voting and dispositive power for MIM (US) over 1,109,293 shares and for MIML over 5,132 shares, while the parent shows zeros for sole/shared voting and dispositive power on its cover page.
- MIM (US) beneficially owns 1,109,293 shares, representing 5.29% of the class used in the filing
- Aggregated ownership and voting/dispositive allocations are clearly disclosed for each reporting person
- Parent MFC reports zero sole/shared voting and dispositive power on its cover page, indicating it does not assert direct control over the reported shares
Insights
TL;DR: Manulife's U.S. investment arm holds a material 5.29% passive stake in RVSB, a disclosure investors should note.
The filing is a Schedule 13G/A reporting beneficial ownership by Manulife Financial Corporation and two indirect subsidiaries. The significant data point is that Manulife Investment Management (US) LLC beneficially owns 1,109,293 shares or 5.29% of the reported 20,976,200-share class base used in the filing, which is large enough to attract investor attention. The filing also clarifies allocation of voting and dispositive power: MIM (US) reports sole voting and dispositive authority for its holdings, while the parent’s cover page indicates zero sole/shared voting or dispositive power. This disclosure is material as a shareholder registry change but does not, by itself, indicate corporate control actions.
TL;DR: The Schedule 13G/A documents clear beneficial ownership and voting/dispositive allocations among Manulife entities; no control claim is asserted.
The statement identifies the filing parties and shows the parent-subsidiary relationship through which Manulife Financial Corporation may be deemed to beneficially own the reported shares. The subsidiary MIM (US) is shown with sole voting and dispositive power over 1,109,293 shares; MIML holds 5,132 shares with sole authority. The parent’s cover page lists zero voting and dispositive powers, suggesting the reporting structure allocates operational authority to the investment management entities rather than the parent. The filing includes a Joint Filing Agreement exhibit, documenting coordinated reporting among the entities.