Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
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Fidelity Multi-Strategy Credit Fund (Name of Issuer) |
Common Shares (Title of Class of Securities) |
31625F304 (CUSIP Number) |
Stephanie J. Brown One Spartan Way, Merrimack, NH, 03054 603-791-1558 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
06/10/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 31625F304 |
| 1 |
Name of reporting person
FMR LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
2,861,484.51 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
61.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
HC |
SCHEDULE 13D
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| CUSIP No. | 31625F304 |
| 1 |
Name of reporting person
Abigail P. Johnson | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,861,484.51 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
61.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Shares | |
| (b) | Name of Issuer:
Fidelity Multi-Strategy Credit Fund | |
| (c) | Address of Issuer's Principal Executive Offices:
245 SUMMER STREET, BOSTON,
MASSACHUSETTS
, 02110. | |
Item 1 Comment:
This statement constitutes Amendment No. 12 ("Amendment No. 12") to the Schedule 13D originally filed with the Securities and Exchange Commission on May 26, 2023 (the "Original Schedule 13D"), which Original Schedule 13D was amended by Amendment No. 1 on July 13, 2023, and was amended by Amendment No. 2 on February 27, 2024, and was amended by Amendment No. 3 on June 24, 2024, and was amended by Amendment No. 4 on August 29, 2024, and was amended by Amendment No. 5 on October 9, 2024, and was amended by Amendment No. 6 on November 14, 2024, and was amended by Amendment No. 7 on December 12, 2024, and was amended by Amendment No. 8 on February 10, 2025, and was amended by Amendment No. 9 on February 28, 2025, and was amended by Amendment No. 10 on March 3, 2025, and was amended by Amendment No. 11 on May 2, 2025, and relates to Common Shares of Beneficial Interest (the "Common Shares"), of Fidelity Multi-Strategy Credit Fund, a Delaware statutory trust (the "Issuer"), which has its principal executive offices at 245 Summer Street, Boston, MA, 02210. Except as specifically amended by this Amendment No. 12, the Schedule 13D is unchanged. | ||
| Item 2. | Identity and Background | |
| (b) | Please see Exhibit 99 - Schedule A. The information in Items 2(b), 2(c), and 2(f) is hereby amended by replacing Schedule A thereof with the Schedule A attached hereto. | |
| (c) | Please see 2(b) above. | |
| (f) | Please see 2(b) above. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 is amended to add the following: The Issuer has adopted a distribution reinvestment plan (the 'DRP') pursuant to which the Issuer reinvests all cash dividends declared by the Board on behalf of shareholders who do not elect to receive their dividends in cash. As a result, if the Board authorizes, and the Fund declares, a cash dividend or other distribution, then shareholders who have not elected to 'opt out' of the DRP will have their cash dividends or distributions automatically reinvested in additional Common Shares. The Reporting Persons participate in the DRP. Since its most recent Schedule 13D filing, the FMR Reporters acquired 31,434.172 Common Shares pursuant to the DRP. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The information contained on the cover page of this Schedule 13D is incorporated herein by reference. As of June 10, 2025, FMR Reporters directly own 2,861,484.514 issued and outstanding Common Shares representing 61.858% of the total amount of Common Shares and have the sole power to vote and dispose of such shares.* *FMR Reporters hold Class I, Class A, Class L, and Class C Common Shares, which for reporting purposes under Section 13 of the Securities Exchange Act of 1934, as amended, constitute one class. Therefore, for purposes of reporting a single CUSIP as required by the Form, the CUSIP of the class of common shares that represent the largest holding has been provided. | |
| (b) | Please see 5(a) above. | |
| (c) | During the past 60 days, the FMR Reporters acquired additional Common Shares pursuant to the DRP as follows: Date Class Number of Shares Price Per 5/1/2025 Class A 59.873 $10.140 5/1/2025 Class C 52.097 $10.140 5/1/2025 Class I 15,440.131 $10.140 5/1/2025 Class L 57.274 $10.140 5/30/2025 Class A 60.746 $10.170 5/30/2025 Class C 52.801 $10.170 5/30/2025 Class I 15,653.149 $10.170 5/30/2025 Class L 58.101 $10.170 | |
| (d) | To the best knowledge of the FMR Reporters, no person other than the FMR Reporters has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the FMR Reporters identified in this Item 5. | |
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit Number Description Exhibit 99 RULE 13d-1(k)(1) AGREEMENT | ||
| 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.
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Comments accompanying signature:
* This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038. |