Franklin BSP Capital issues 1.67M shares for $25M in unregistered sale; annual meeting elects directors

Franklin BSP Capital Corp

On June 29, 2021, issued 1,666,667 shares of common stock at approx. $15/share for $25M aggregate.
Shares sold through drawdown under subscription agreements to existing accredited investors, exempt from registration.
Annual meeting held June 30, 2021; directors Richard J. Byrne and Lee S. Hillman elected with over 1.2M votes for each.
Ratified Ernst & Young as independent auditor for FY2021 with 1,289,641 votes for, 8,794 against.
No guidance or financial results reported; capital raise typical for BDC structure.

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