SCHEDULE: First Trust Funds Divest Slam Corp Shares
Beneficial Ownership Amendment
First Trust Merger Arbitrage Fund and related entities report zero beneficial ownership in Slam Corp Class A Ordinary Shares as of September 30, 2025.
Summary
- First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP) collectively reported 0 shares of Slam Corp's Class A Ordinary Shares.
- This represents 0.00% of the outstanding Class A Ordinary Shares of Slam Corp.
- The date of the event requiring this filing was September 30, 2025.
- The reporting persons certified that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine ownership disclosure indicating a fund group no longer holds a reportable stake in Slam Corp, which is a neutral event in itself without further context on the reasons for divestment.
Future Outlook
No forward-looking statements or guidance were provided in this beneficial ownership filing.
Management Comments
- The securities referred to 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 routine disclosure of a change in institutional ownership, indicating that a fund group has reduced its stake in Slam Corp below the 5% reporting threshold. Such changes are common in the investment management industry as funds adjust portfolios based on their investment strategies and market conditions.
Stakeholder Impact
- Shareholders may note the institutional divestment, which could be interpreted as a lack of conviction by the reporting entities, though no specific reason for the divestment is provided in the filing.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which required the filing of this statement, indicating zero beneficial ownership. |
| 11/14/2025 | Date the Schedule 13G/A filing was signed by the reporting persons. |
Keywords
Slam Corp, First Trust Merger Arbitrage Fund, First Trust Capital Management, Beneficial Ownership, Schedule 13G/A, Class A Ordinary Shares, Divestment, Institutional Ownership
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