On June 14, 2021, First Eagle Senior Loan Fund announced that it intends to liquidate and distribute its net assets to shareholders. The Fund's investment adviser, First Eagle Alternative Credit, LLC (FEAC), and the Fund's Board of Trustees considered a variety of factors, including but not limited to the relatively small size of the Fund and the Fund's trading discount to net asset value. FEAC and the Board also considered alternative actions to address the Fund's scale and discount, including but not limited to merging the Fund into another closed-end investment company or an open-end investment company, adding a term to the Fund, or conducting a tender offer.

On balance, it was determined that a liquidation would be in the best interest of the Fund and its shareholders, allowing shareholders to realize net asset value for their shares and avoiding the discount to net asset value that shareholders would currently realize if they sold their shares in the market.