Isolation and characterization were carried out for a novel tridentate ferrocenylphosphine macrocycle, (−PhPC
5H
4FeC
5H
4−)
3, as follows. A photolytic ring-opening reaction of PPh-bridged [1]ferrocenophane in ether gave a mixture of its oligomers. After their sulfurization, GPC separation of low-molecular-weight species afforded two isomers of a macrocyclic trimer, 1,1′′:1′,1′′′′:1′′′,1′′′′′-tris(phenylthiophosphinidene)tris(ferrocene), in which three 1,1′-ferrocenediyl units and three P(S)Ph groups were alternately linked to form a macrocyclic ring. Although yields of both isomers were low (17% in total), they were successfully desulfurized in good yields without configurational inversion at their phosphorus centers by treatment with MeOTf/P(NMe
2)
3 (OTf = CF
3SO
3), to give the respective tridentate macrocyclic phosphine ligands. The molecular structure of one isomer (
C3 isomer) with
C3 symmetry was determined by X-ray analysis, while the other was identified as the
Cs isomer on the basis of
1H,
13C, and
31P NMR data. When the
C3 isomer was heated in toluene at around 80 °C, it isomerized gradually but almost completely to the
Cs isomer with the activation energy Δ
G350 = 26.2
0.6 kcal mol
−1. The reaction of AgOTf with the
C3 isomer in CH
2Cl
2 gave a mononuclear silver complex in which the
C3 isomer encircled the Ag
+ ion as a tridentate ligand. To our surprise, a similar reaction using the
Cs isomer gave the same silver complex as above, indicating that a facile conversion of the
Cs isomer to the
C3 isomer took place upon coordination to the Ag
+ ion at room temperature.