SCHEDULE 13G/A: Apollo-Affiliated Entities Disclose 6.3% Stake in FS Credit Opportunities Corp. Term Preferred Shares

Multiple entities affiliated with Apollo Management Holdings GP, LLC and Athene Annuity and Life Company have disclosed a collective 6.3% beneficial ownership in FS Credit Opportunities Corp.'s Term Preferred Shares as of March 31, 2025.

Summary

• Nine reporting persons, including Apollo Management Holdings GP, LLC, Athene Annuity and Life Company, and other Apollo-affiliated entities, have filed an Amendment No. 5 to Schedule 13G.
• The filing discloses beneficial ownership of 25,000 Term Preferred Shares of FS Credit Opportunities Corp. by each reporting person.
• This aggregate amount represents 6.3% of the total class of Term Preferred Shares outstanding, which is based on 400,000 shares.
• The shares are held with shared voting and shared dispositive power by all reporting persons.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators or forward-looking statements that would influence sentiment.

Future Outlook

NA

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing is a standard disclosure of beneficial ownership by institutional investors, common in the financial industry for transparency regarding significant holdings in publicly traded securities. The entities involved are part of the broader Apollo Global Management ecosystem, a major player in alternative asset management and insurance.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership of Term Preferred Shares, indicating a passive investment by a major financial group.
• Management: Awareness of a significant, passive institutional holder in their preferred shares.

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, SEC Filing, Term Preferred Shares, FS Credit Opportunities Corp., Apollo Management, Athene Annuity, Institutional Ownership, Investment Disclosure