M&A - FIRST EAGLE FUNDS

Form Type: PRE 14A

Filing Date: 2025-04-11

Corporate Action: Merger

Type: New

Accession Number: 000093041325001234

Filing Summary: First Eagle Funds is calling for two Special Meetings of Shareholders scheduled for June 30, 2025. The first meeting seeks approval of new advisory agreements with First Eagle Investment Management, LLC (FEIM) following a proposed change of ownership involving a majority investment by Genstar Capital in First Eagle Holdings, Inc., which currently holds FEIM. This change, considered an assignment under mutual fund laws, necessitates shareholder approval as it terminates existing agreements. The second meeting aims to elect ten members to the Board of Trustees. The Board believes that these proposals are in the best interest of the Funds and their shareholders, assuring that there will be no changes in terms, service levels, or investment personnel post-transaction. The vote outcome is essential for maintaining advisory services unaffected by the ownership change and significant to continuing governance stability within First Eagle Funds.

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Form Type: 497

Filing Date: 2025-03-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000093041325000886

Filing Summary: On March 3, 2025, First Eagle Holdings, Inc. announced a definitive agreement for a majority investment by funds managed by Genstar Capital. This investment concerns the buyout of interests in First Eagle Holdings, Inc., which is the parent company of First Eagle Investment Management, LLC, the adviser to the First Eagle Funds. The transaction involves the buyout of interests currently held by funds controlled by Blackstone Inc. and Corsair Capital LLC, among other co-investors. The completion of the transaction is expected in the second half of 2025 and is subject to necessary fund and client consents as well as regulatory approvals. The process will trigger an assignment of existing investment management agreements, leading to their automatic termination, after which the Board of Trustees of the First Eagle Funds will consider new agreements with First Eagle Investment Management. The transaction is not anticipated to affect portfolio management or the investment objectives of the Funds.

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