SCHEDULE: BlackRock, Guardian Life Amend FS Credit Ownership
Beneficial Ownership Amendment
BlackRock Portfolio Management LLC and The Guardian Life Insurance Company of America have filed an amendment to their Schedule 13G, disclosing beneficial ownership in FS Credit Opportunities Corp.'s Term Preferred Shares.
Summary
- BlackRock Portfolio Management LLC and The Guardian Life Insurance Company of America jointly filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in FS Credit Opportunities Corp.'s Term Preferred Shares.
- BlackRock Portfolio Management LLC beneficially owns 85,000 shares, representing 21.3% of the class, with shared voting and dispositive power.
- The Guardian Life Insurance Company of America beneficially owns 82,500 shares, representing 20.6% of the class, with shared voting and dispositive power.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- A Power of Attorney was executed by BlackRock Portfolio Management LLC on July 1, 2025, appointing several individuals as attorneys-in-fact for SEC filings, revoking a prior Power of Attorney dated January 28, 2025.
- BlackRock Financial Management, Inc. and HPS Investment Partners, LLC are identified as entities that beneficially own 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: The filing is a factual, routine regulatory disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or prospects. It simply updates ownership percentages.
Future Outlook
NA
Industry Context
This filing represents a routine disclosure of institutional beneficial ownership, common among large asset managers and insurance companies. It reflects their investment positions in publicly traded securities, aligning with standard regulatory transparency requirements for significant shareholders.
Key Dates
| Date | Description |
|---|---|
| 2025-01-28 | Previous Power of Attorney dated, which was subsequently revoked. |
| 2025-07-01 | Effective date of the new Power of Attorney granted by BlackRock Portfolio Management LLC. |
| 2025-10-31 | Date of event which required the filing of this Schedule 13G Amendment No. 3. |
| 2025-11-07 | Date of execution for the Schedule 13G Amendment No. 3 and the Joint Filing Agreement. |
Keywords
FS Credit Opportunities Corp., BlackRock Portfolio Management LLC, The Guardian Life Insurance Company of America, Schedule 13G, Beneficial Ownership, Term Preferred Shares, SEC Filing, Institutional Ownership
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