diff --git a/tracing-subscriber/CHANGELOG.md b/tracing-subscriber/CHANGELOG.md
index 11da298ba2..022ddee0c9 100644
--- a/tracing-subscriber/CHANGELOG.md
+++ b/tracing-subscriber/CHANGELOG.md
@@ -1,3 +1,22 @@
+# 0.3.9 (Feb 17, 2022)
+
+This release updates the minimum supported Rust version (MSRV) to 1.49.0, and
+updates the (optional) dependency on `parking_lot` to v0.12.
+
+### Changed
+
+- Updated minimum supported Rust version (MSRV) to 1.49.0 ([#1913])
+- `parking_lot`: updated to v0.12 ([008339d])
+
+### Added
+
+- **fmt**: Documentation improvements ([#1926], [#1927])
+
+[#1913]: https://github.com/tokio-rs/tracing/pull/1913
+[#1926]: https://github.com/tokio-rs/tracing/pull/1926
+[#1927]: https://github.com/tokio-rs/tracing/pull/1927
+[008339d]: https://github.com/tokio-rs/tracing/commit/008339d1e8750ffe7b4634fc7789bda0c522424f
+
 # 0.3.8 (Feb 4, 2022)
 
 This release adds *experimental* support for recording structured field
diff --git a/tracing-subscriber/Cargo.toml b/tracing-subscriber/Cargo.toml
index 26ce94ddd6..5f86fee69e 100644
--- a/tracing-subscriber/Cargo.toml
+++ b/tracing-subscriber/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tracing-subscriber"
-version = "0.3.8"
+version = "0.3.9"
 authors = [
     "Eliza Weisman <eliza@buoyant.io>",
     "David Barsky <me@davidbarsky.com>",
diff --git a/tracing-subscriber/README.md b/tracing-subscriber/README.md
index c84d3e245a..3890dfd26b 100644
--- a/tracing-subscriber/README.md
+++ b/tracing-subscriber/README.md
@@ -21,7 +21,7 @@ Utilities for implementing and composing [`tracing`][tracing] subscribers.
 [crates-badge]: https://img.shields.io/crates/v/tracing-subscriber.svg
 [crates-url]: https://crates.io/crates/tracing-subscriber
 [docs-badge]: https://docs.rs/tracing-subscriber/badge.svg
-[docs-url]: https://docs.rs/tracing-subscriber/0.3.8
+[docs-url]: https://docs.rs/tracing-subscriber/0.3.9
 [docs-master-badge]: https://img.shields.io/badge/docs-master-blue
 [docs-master-url]: https://tracing-rs.netlify.com/tracing_subscriber
 [mit-badge]: https://img.shields.io/badge/license-MIT-blue.svg
diff --git a/tracing-subscriber/src/lib.rs b/tracing-subscriber/src/lib.rs
index 45b760c975..d8c5e2bb2a 100644
--- a/tracing-subscriber/src/lib.rs
+++ b/tracing-subscriber/src/lib.rs
@@ -160,7 +160,7 @@
 //! [`time` crate]: https://crates.io/crates/time
 //! [`libstd`]: https://doc.rust-lang.org/std/index.html
 //! [`liballoc`]: https://doc.rust-lang.org/alloc/index.html
-#![doc(html_root_url = "https://docs.rs/tracing-subscriber/0.3.8")]
+#![doc(html_root_url = "https://docs.rs/tracing-subscriber/0.3.9")]
 #![doc(
     html_logo_url = "https://raw.githubusercontent.com/tokio-rs/tracing/master/assets/logo-type.png",
     issue_tracker_base_url = "https://github.com/tokio-rs/tracing/issues/"