Tender Offer - First Trust Private Credit Fund
Form Type: N-23C3A
Filing Date: 2025-02-28
Corporate Action: Tender-offer
Type: New
Accession Number: 000110465925018835
Filing Summary: First Trust Private Credit Fund is notifying shareholders of a periodic repurchase offer mandated to occur quarterly. This notification serves to inform shareholders about the opportunity to liquidate a portion of their shares in the fund. The repurchase offer period will commence on February 28, 2025, and conclude on March 31, 2025. The fund will repurchase up to 5% of its outstanding shares at a price based on the net asset value (NAV) calculated on the repurchase pricing date, March 31, 2025. Shareholders are advised that no secondary market exists for these shares, and participation in the repurchase offer is optional. All repurchase request forms must be submitted by the deadline of 4:00 p.m. Eastern Time on March 31, 2025. If share requests exceed the available repurchase amount, a pro rata system will be employed for share buybacks. Shareholders should be aware that the act of tendering shares may have tax implications, and the fund does not recommend any specific course of action regarding participation in this offer.
Additional details:
Investment Company Name: First Trust Private Credit Fund
Repurchase Period Start: 2025-02-28
Repurchase Period End: 2025-03-31
Maximum Repurchase Percentage: 5
Nav Class A: 10.22
Nav Class I: 10.26
Repurchase Request Deadline: 2025-03-31
Repurchase Pricing Date: 2025-03-31
Payment Timeline: within 7 calendar days post pricing date
Pro Rata Repurchase Conditions: If more than 5% of shares are tendered, shares will be accepted on a pro rata basis.
Withdrawal Modification Deadline: 2025-03-31 16:00 ET
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