Form 3 Filed: FTHY Director Discloses No Direct Holdings

Rhea-AI Filing Summary

Thomas J. Driscoll, identified with an address at First Trust Advisors L.P. in Wheaton, IL, filed an SEC Form 3 reporting initial beneficial ownership for First Trust High Yield Opportunities 2027 Term Fund (FTHY) related to a 09/04/2025 event. The filing lists Driscoll as a Director and shows 0 common shares beneficially owned (directly). The form was signed by an attorney-in-fact on 09/05/2025. This is a basic director disclosure with no securities reported.

Positive

• Timely disclosure filed within one day of signature (filed 09/05/2025 for 09/04/2025 event)
• Director status disclosed publicly, aiding governance transparency

Negative

• No common shares reported (0), so the director holds no disclosed direct economic stake
• No derivatives or other holdings reported, limiting insight into insider alignment with shareholders

Insights

Corporate Governance Expert

Director filed an initial Form 3 showing no direct share ownership.

The filing documents that Thomas J. Driscoll is a director of FTHY and that, as of the reported event date 09/04/2025, he beneficially owns 0 common shares directly. The Form 3 was executed by an attorney-in-fact on 09/05/2025.

This is a routine SEC Section 16 disclosure that confirms director status but does not report any equity stake or derivative positions, so it carries limited investor impact. It does, however, establish a public record of Driscoll's relationship to the issuer for compliance and insider-trading monitoring.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Driscoll Thomas J.

(Last) (First) (Middle)

C/O FIRST TRUST ADVISORS L.P.

120 EAST LIBERTY DRIVE, SUITE 400

(Street)

WHEATON IL 60187

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/04/2025

3. Issuer Name and Ticker or Trading Symbol
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND [ FTHY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Thomas J. Driscoll, by Erin Klassman, attorney-in-fact, pursuant to a Power of Attorney	09/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filed for FTHY on 09/05/2025 show?

The Form 3 shows Thomas J. Driscoll is a Director of FTHY and reports 0 common shares beneficially owned as of 09/04/2025.

Does the filing report any derivative securities or options for FTHY?

No. Table II in the filing lists no derivative securities exercisable or outstanding for the reporting person.

Who signed the Form 3 for the reporting person?

The Form 3 was signed /s/ Thomas J. Driscoll, by Erin Klassman, attorney-in-fact on 09/05/2025.

What is the significance of reporting 0 shares on a Form 3?

Reporting 0 shares indicates the director has no disclosed direct beneficial ownership of the issuer's common shares at the report date; it is a factual disclosure without implication of wrongdoing.

Is this Form 3 an initial filing or an amendment?

This is an initial Form 3 filing (Initial Statement of Beneficial Ownership).