secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001104659-22-074336
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922074336/0001104659-22-074336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000110465922074336/tm2219297d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-074336

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