---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-074336"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:17:20.687683+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-074336
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465922074336/0001104659-22-074336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465922074336/tm2219297d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-074336
- JSON: https://secwatch.observer/filing/0001104659-22-074336.json
- Plain text: https://secwatch.observer/filing/0001104659-22-074336.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.