Tender Offer - First Eagle Credit Opportunities Fund
Form Type: N-23C3A
Filing Date: 2025-06-11
Corporate Action: Tender-offer
Type: New
Accession Number: 000093041325001957
Filing Summary: First Eagle Credit Opportunities Fund has announced a quarterly repurchase offer aimed at providing liquidity to shareholders. This offer allows shareholders to tender their shares for repurchase by the Fund due to the closed-end interval nature of the Fund's shares, which are not redeemable daily or traded on a stock exchange. The repurchase offer period starts on June 9, 2025, and will end on July 9, 2025, at the close of the New York Stock Exchange, at which point the net asset value (NAV) will be calculated to determine the repurchase price. Investors are notified that any sale of shares in this repurchase offer is a taxable event. The Fund highlights that there is no repurchase fee for the shares accepted, although an early withdrawal charge may apply to certain Class A shares repurchased within a 12-month period. The offer includes the possibility of shareholders engaging in exchanges for shares of another eligible fund, which are treated as repurchases. Furthermore, shareholders are advised to consult their financial advisors regarding tax implications and the Fund will not accept any requests submitted after the stated deadline. This action is positioned as a way to facilitate liquidity for shareholders in light of the Fund's closed structure.
Additional details:
Investment Company Name: FIRST EAGLE CREDIT OPPORTUNITIES FUND
Repurchase Offer Start Date: 2025-06-09
Repurchase Request Deadline: 2025-07-09
Repurchase Offer Amount: 5% of aggregate shares
Current Nav Class A: 22.53
Current Nav Class A 2: 22.51
Current Nav Class I: 22.39
Early Withdrawal Charge: 1.5% for Class A shares within 12 months
Form Type: N-23C3A
Filing Date: 2025-04-08
Corporate Action: Tender-offer
Type: New
Accession Number: 000093041325001187
Filing Summary: First Eagle Credit Opportunities Fund has announced a quarterly repurchase offer for its shares, effective from April 4, 2025, to April 28, 2025. The offer allows shareholders to sell up to 5% of the total outstanding shares at the net asset value (NAV) determined on the pricing date. No repurchase fee will be charged, but there may be early withdrawal charges for certain Class A shares sold within the first year of purchase. The purpose of this repurchase offer is to provide liquidity to shareholders since the fund shares cannot be redeemed daily and are not traded on stock exchanges. Shareholders can request to sell shares through their financial advisers before the April 28 deadline. The NAV for Class I, Class A, and Class A-2 shares was reported at $22.54, $22.68, and $22.65 respectively. Potential tax implications for shareholders selling shares in this offer are also noted, emphasizing that such transactions are taxable events. Additionally, the fund may prorate requests if the total shares tendered exceed the number available for repurchase.
Additional details:
Investment Company Name: FIRST EAGLE CREDIT OPPORTUNITIES FUND
Repurchase Offer Period Start: 2025-04-04
Repurchase Request Deadline: 2025-04-28
Maximum Repurchase Amount: 5% of the total outstanding shares
Class I Shares Nav: 22.54
Class A Shares Nav: 22.68
Class A-2 Shares Nav: 22.65
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