secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001104659-22-047464
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Realty Trust converts all Series F Preferred Stock into common shares
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- All 39,733,299 outstanding Series F Convertible Preferred shares auto-converted to common on April 19, 2022.
- Common stock outstanding rises to 83,690,662 shares; no Series F Preferred shares remain.
- Converted common shares are freely tradeable on NYSE; still outstanding: 1,400 Series C, 17,950 Series D, and 10,329,039 Series E Preferred shares.
- Conversion eliminates convertible preferred overhang and simplifies capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922047464/0001104659-22-047464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922047464/tm2213083d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-047464

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