diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1a83988a8..7c0268a5b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # PowerShell Editor Services Release History
 
+## v3.8.5
+### Friday, May 12, 2023
+
+- 🐛 📟 [vscode-powershell #3991](https://github.com/PowerShell/PowerShellEditorServices/pull/2023) - Fix disappearing output in PowerShell 5.1.
+- 🐛 🔍 [PowerShellEditorServices #2020](https://github.com/PowerShell/PowerShellEditorServices/pull/2020) - Fix repeated failure to load DSC module.
+
 ## v3.8.4
 ### Tuesday, April 25, 2023
 
diff --git a/PowerShellEditorServices.Common.props b/PowerShellEditorServices.Common.props
index 59dbac420..db9df9e48 100644
--- a/PowerShellEditorServices.Common.props
+++ b/PowerShellEditorServices.Common.props
@@ -1,6 +1,6 @@
 <Project>
   <PropertyGroup>
-    <VersionPrefix>3.8.4</VersionPrefix>
+    <VersionPrefix>3.8.5</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Company>Microsoft</Company>
     <Copyright>© Microsoft Corporation.</Copyright>
diff --git a/module/PowerShellEditorServices/PowerShellEditorServices.psd1 b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
index da23ef4bf..51617a1e3 100644
--- a/module/PowerShellEditorServices/PowerShellEditorServices.psd1
+++ b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
@@ -19,7 +19,7 @@ RootModule = if ($PSEdition -eq 'Core')
     }
 
 # Version number of this module.
-ModuleVersion = '3.8.4'
+ModuleVersion = '3.8.5'
 
 # ID used to uniquely identify this module
 GUID = '9ca15887-53a2-479a-9cda-48d26bcb6c47'