A. The Company Manulife Investment Management Timberland and Agriculture Inc (“MIMTA”) is a direct, wholly owned subsidiary of John Hancock Subsidiaries, LLC, and an indirect, wholly owned subsidiary of Manulife Financial Corporation (“Manulife”). Manulife is a Canadian-based global financial services group and publicly held corporation that trades under the symbol ‘MFC’ on the Toronto Stock Exchange, the New York Stock Exchange, and Philippine Stock Exchange, and under ‘945’ on the Stock Exchange of Hong Kong. Manulife Investment Management is the unified global brand for Manulife’s global wealth and asset management business. Manulife Investment Management’s timberland and farmland investment advisory services are principally offered to third parties through MIMTA. MIMTA was formed as a Delaware corporation on December 15, 1994, and it was registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, on October 23, 2000. MIMTA initially was organized as an independent, wholly owned subsidiary of John Hancock Life Insurance Company (“JHLICO”), and it was the product of a combination of two then-operating divisions of JHLICO: the timberland operating division Hancock Timber Resource Group, established in 1985 and currently referred to as Manulife Investment Management Timberland (“MIM T”); and the farmland operating division Hancock Agricultural Investment Group, established in 1990 and currently referred to as Manulife Investment Management Agriculture (“MIM AG”). In 2004, Manulife acquired John Hancock Financial Services, Inc., the parent company of JHLICO, at which point MIMTA became an indirect, wholly owned subsidiary of Manulife. In 2009, JHLICO merged into John Hancock Life Insurance Company (U.S.A.) (“JHUSA”), also a wholly owned subsidiary of Manulife. Prior to November 15, 2021, MIMTA was known as Hancock Natural Resource Group, Inc. Today, MIMTA’s advisory services are provided through its two core business units, MIM T, which develops and manages timberland investments, and MIM AG, which develops and manages farmland investments. B. Advisory Services MIMTA currently provides continuous and regular supervisory or management services with respect to real estate and real estate private equity portfolios. MIMTA’s investments consist primarily of U.S. and non-U.S. farmland and timberland, as well as certain related investments, referred to as “Plus” assets. For purposes of this Brochure:
• “Farmland” generally means commercial farmland properties, both mature operations and developmental, and other rights and property that relate to or are associated with commercial production and harvesting operations.
• “Timberland” generally means commercial timberland properties or other rights and property that relate to commercial timber operations, but also may include greenfield properties suitable for reforestation or afforestation [in which carbon sequestration and the development of forestry carbon projects for the generation of carbon credits are prioritized over timber production].
• “Plus” generally means assets or investments (including investments in operating companies) that add value to, or are used in connection with, the production (including indoor growth spaces), processing, storage, packing, distribution and marketing of timber products or crops. They also include investments in timberland or agricultural production assets and operations and businesses providing services to timberland and farmland operations as well as assets and investments related to the generation, collection,

storage, sale or distribution of alternative or renewable energy, including, without limitation, solar energy and wind energy on or from timberland and farmland. Client portfolios may be managed using an investment strategy consisting of one or more of Farmland, Timberland and Plus investments, or one or more specific types of Farmland and Timberland investments, such as Farmland consisting of row crops or permanent crops (tree nuts, tree fruit and vine crops), or Timberland consisting of hard woods or soft woods, or select greenfield afforestation or reforestation investments that provide significant carbon credit generation and value creation opportunities. Client portfolios may also be invested globally, or they may have a specific geographic focus, such as investments only located in the U.S. or Europe. Currently, however, MIMTA does not manage any client account that invests primarily in Plus assets. Portfolios are managed by MIMTA either on a discretionary or non-discretionary basis. MIMTA also provides cash management services to certain of its real estate portfolios, usually through an affiliate. There is no guarantee that MIMTA will be able to achieve any specific investment objective. MIMTA offers additional investment management services, including management of portfolios that include real estate-related securities (e.g., interests in special purpose vehicles and other entities whose assets are direct or indirect interests in Farmland, Timberland and Plus assets). Such additional services may include managing client securities portfolios that receive continuous and regular supervisory or management services. MIMTA’s investment process utilizes research models to source, analyze, acquire and dispose of assets. MIMTA uses affiliated and third-party property management firms to provide day-to-day property management services to its clients’ investments. MIMTA’s regional offices are used to oversee field operations to ensure that client objectives are carried out. Approximately 58% of MIMTA’s total advisory revenues are derived from providing investment advice relating to real estate-related securities and cash management. The balance, approximately 42% of MIMTA’s total advisory revenues are derived from furnishing advice to clients on real estate-related investments, other than real estate-related securities. Advice as to real estate-related investments other than real estate-related securities includes direct fee or leasehold interests in real estate. Generally, these types of investments involve the acquisition of fee simple title to timber or agricultural real estate through a limited partnership, limited liability company, corporation or other form of entity organized for that purpose. C. Meeting Investment Objectives MIMTA tailors its advisory services to the individual needs of each client, based on its understanding of the circumstances, preferences and objectives of the client. A client may impose reasonable restrictions on the management of its separate account, including by restricting particular securities or types of investments, subject to MIMTA’s consent. Any such restrictions will be reflected in the investment guidelines or other documentation applicable to the client’s account. D. Client Assets As of December 31, 2023, MIMTA managed approximately $6,506,986,473.00 of client assets on a discretionary basis and $9,589,787,440.00 on a non-discretionary basis.