---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-108875"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2022-10-14T23:59:59+00:00"
generated_at: "2026-06-23T03:33:09.649213+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Exchanges 1,000 Series C Preferred for Series I; conversion extended to Jan 19, 2023

## Summary
- Entered exchange agreement with one holder to swap all 1,000 shares of Series C Convertible Preferred for equal number of Series I shares.
- Mandatory conversion date extended from October 19, 2022 to January 19, 2023; no other material term changes.
- Series I Preferred converts into 299.2 shares of common stock per share on Jan 19, 2023, or earlier at holder's option upon change of control.
- Exchange exempt from registration under Securities Act Section 3(a)(9); no consideration received by company.
- Board granted ownership limit exemptions to holder for Series I shares.

## SEC filing metadata
- accession: 0001104659-22-108875
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2022-10-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465922108875/0001104659-22-108875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465922108875/tm2228229d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-108875
- JSON: https://secwatch.observer/filing/0001104659-22-108875.json
- Plain text: https://secwatch.observer/filing/0001104659-22-108875.txt

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