BlackRock Portfolio Management LLC and The Guardian Life Insurance Company of America filed an amended Schedule 13G reporting passive beneficial ownership of FS Credit Opportunities Corp. Term Preferred Shares.
The filing lists 85,000 shares beneficially owned, representing 21.3% of the class. Guardian is the record holder of 82,500 shares, and BPM may be deemed to share beneficial ownership of these securities and an additional 2,500 shares. The reporting persons have shared voting and dispositive power over 85,000 shares and no sole voting or dispositive power. The stated event date is 10/31/2025.
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
FS Credit Opportunities Corp.
(Name of Issuer)
Term Preferred Shares, no par value
(Title of Class of Securities)
30290YAE1
(CUSIP Number)
10/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
30290YAE1
1
Names of Reporting Persons
BlackRock Portfolio Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
85,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
85,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
85,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
21.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
30290YAE1
1
Names of Reporting Persons
The Guardian Life Insurance Company of America
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
82,500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
82,500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
82,500.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
20.6 %
12
Type of Reporting Person (See Instructions)
IC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
FS Credit Opportunities Corp.
(b)
Address of issuer's principal executive offices:
201 Rouse Boulevard, Philadelphia, PA 19112
Item 2.
(a)
Name of person filing:
Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:
BlackRock Portfolio Management LLC ("BPM")
The Guardian Life Insurance Company of America ("Guardian")
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
The business address of BPM is 50 Hudson Yards, New York, NY 10001. The business address of Guardian is 10 Hudson Yards, New York, NY 10001.
(c)
Citizenship:
BPM is organized under the laws of the state of Delaware and Guardian is organized under the laws of the state of New York.
(d)
Title of class of securities:
Term Preferred Shares, no par value
(e)
CUSIP No.:
30290YAE1
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Guardian is the record holder of 82,500 shares. BPM may be deemed to share beneficial ownership of these securities and an additional 2,500 shares.
(b)
Percent of class:
21.3%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
85,000
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
85,000
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares of FS Credit Opportunities Corp. No one person's interest in the shares of FS Credit Opportunities Corp. is more than five percent of the total outstanding shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99.2
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BlackRock Portfolio Management LLC
Signature:
/s/ Joseph Virgilio
Name/Title:
Joseph Virgilio, Attorney-in-fact
Date:
11/07/2025
The Guardian Life Insurance Company of America
Signature:
/s/ Joseph Virgilio
Name/Title:
Joseph Virgilio, Attorney-in-fact
Date:
11/07/2025
Exhibit Information
Exhibit 24.1: Power of Attorney
Exhibit 99.1: Joint Filing Agreement
Exhibit 99.2: Item 7
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