other material
confidence high
sentiment neutral
materiality 0.60
Franklin BSP Capital issues 1.9M shares for $29M and declares $0.30 dividend
Franklin BSP Capital Corp
- Issued ~1.904M shares of common stock at aggregate price of ~$29.0M to accredited investors on Nov 2, 2021.
- Board declared a distribution of $0.30 per share on Oct 28, 2021, payable Nov 15, 2021 to holders of record Oct 28.
- Share issuance exempt under Section 4(a)(2) and Regulation D; no registration statement required.
- Equity raised via drawdown mechanism under subscription agreements with existing investors.