Isolation and characterization were carried out for a novel tridentate ferrocenylphosphine macrocycle, (−PhPC5H4FeC5H4−)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(NMe2)3 (OTf = CF3SO3), to give the respective tridentate macrocyclic phosphine ligands. The molecular structure of one isomer (C
3 isomer) with C
3 symmetry was determined by X-ray analysis, while the other was identified as the C
s
isomer on the basis of 1H, 13C, and 31P NMR data. When the C
3 isomer was heated in toluene at around 80 °C, it isomerized gradually but almost completely to the C
s
isomer with the activation energy ΔG
350
⧧ = 26.2 ± 0.6 kcal mol−1. The reaction of AgOTf with the C
3 isomer in CH2Cl2 gave a mononuclear silver complex in which the C
3 isomer encircled the Ag+ ion as a tridentate ligand. To our surprise, a similar reaction using the C
s
isomer gave the same silver complex as above, indicating that a facile conversion of the C
s
isomer to the C
3 isomer took place upon coordination to the Ag+ ion at room temperature.