Franklin BSP Realty Trust exchanges Series D preferred for Series H, extends mandatory conversion to Jan 19, 2023

Franklin BSP Realty Trust, Inc.

Holder Security Benefit Life Insurance exchanged 17,949 Series D shares for equal number of newly issued Series H shares.
Mandatory conversion date extended from Oct 19, 2022 to Jan 19, 2023; Series H terms otherwise identical to Series D.
Company received no consideration for the exchange; Board granted ownership limitation waiver to holder.
Exchange exempt from registration under Section 3(a)(9) of Securities Act.

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