M&A - First Eagle Credit Opportunities Fund

Form Type: DEF 14A

Filing Date: 2025-04-25

Corporate Action: Acquisition

Type: New

Accession Number: 000093041325001465

Filing Summary: First Eagle Credit Opportunities Fund is notifying shareholders of two Special Meetings scheduled for June 30, 2025, in response to a prospective change of ownership of its parent company, First Eagle Holdings, Inc. The Meetings are called to vote on three key proposals: the approval of a new advisory agreement with First Eagle Investment Management, LLC (FEIM) due to the acquisition of a majority investment in FE Holdings by funds managed by Genstar Capital, as well as a new sub-advisory agreement with First Eagle Alternative Credit, LLC (FEAC), and the election of ten members to the Fund's Board of Trustees. The proposed advisory and sub-advisory agreements are intended to continue existing management and fee structures without disruption. The Board believes these changes are in the best interests of shareholders, maintaining current investment objectives, fee arrangements, and management personnel. Shareholders are encouraged to vote on these critical matters to ensure governance continuity and uphold management expertise under the existing arrangements.

Form Type: 497

Filing Date: 2025-03-07

Corporate Action: Acquisition

Type: New

Accession Number: 000093041325000888

Filing Summary: On March 3, 2025, First Eagle Holdings, Inc. announced a definitive agreement for funds managed by Genstar Capital to make a majority investment in First Eagle Holdings, Inc. This acquisition will buy out all interests in the company currently held by funds controlled by Blackstone Inc. and Corsair Capital LLC, along with related co-investors. The transaction is expected to close in the second half of 2025, subject to customary closing conditions including regulatory approvals. The closing will be deemed an ‘assignment’ under the Investment Company Act, automatically terminating the current Investment Advisory Agreement and Investment Subadvisory Agreement for the First Eagle Credit Opportunities Fund. The Board of Trustees will consider new identical investment management agreements, which, if approved, will be presented to shareholders for approval. The transaction is not expected to change the portfolio management or the investment objectives and policies of the Fund.