FIRST HORIZON CORP

Eventide Exit – FHN-PH

Eventide has fully exited its position in First Horizon Corp preferred (FHN-PH), a regional bank holding — notably outside Eventide's core biotech/values-driven thesis, suggesting this was likely a position cleanup rather than a fundamental deterioration signal. Despite the exit, 5 specialist funds retain exposure (Driehaus, Deerfield, Tang, EcoR1, and Eventide's former position now removed), though the continued presence of biotech-focused names like Deerfield and EcoR1 in a bank preferred is unusual and warrants scrutiny for any structured financing or convertible-adjacent context.

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