SCHEDULE: First Trust Entities Update Perdoceo Education Stake

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed an amendment to their Schedule 13G, reporting a 4.65% beneficial ownership in Perdoceo Education Corporation as of September 30, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed an Amendment No. 2 to Schedule 13G.
• The filing reports beneficial ownership of 3,023,458 common shares of Perdoceo Education Corporation.
• This represents 4.65% of the class of securities.
• The reporting entities disclaim beneficial ownership of the shares.
• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.
• First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts which hold shares of the issuer.
• First Trust Advisors L.P. acts as portfolio supervisor for the unit investment trusts sponsored by First Trust Portfolios L.P., and as investment advisor/sub-advisor for other registered investment companies, pooled investment vehicles, and/or separately managed accounts holding shares.
• The shares held by unit investment trusts are voted by the trustee of such trusts, generally in the same manner and proportion as shares held by other owners.
• The reporting persons have shared voting power over 2,804,327 shares and shared dispositive power over 3,023,458 shares.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership report (Schedule 13G Amendment), which is purely factual and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by institutional investors and does not provide specific insights into broader industry trends or competitive dynamics for Perdoceo Education Corporation.

Related Party Transactions

• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., establishing a control relationship among the reporting entities.
• First Trust Portfolios L.P. sponsors unit investment trusts, and First Trust Advisors L.P. supervises these trusts and advises other investment vehicles, all of which hold shares of the issuer.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant beneficial ownership by institutional investors, which can influence market perception and corporate governance dynamics.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership and file further amendments to Schedule 13G as required by SEC rules.

Key Dates

Keywords

Perdoceo Education Corporation, First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, beneficial ownership, common stock, investment advisor, unit investment trust, SEC filing