secwatch / observer
8-K filed January 20, 2023, 6:59 PM ET ticker FBRT CIK 0001562528
other material confidence high sentiment neutral materiality 0.40

Franklin BSP extends Series H mandatory conversion to Jan 2024; Series I fully converted

Franklin BSP Realty Trust, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Franklin BSP Realty Trust, Inc.: Amended Articles Supplementary for Series H Convertible Preferred Stock to extend mandatory conversion date from January 19, 2023 to January 19, 2024 and permit monthly conversions of up to 4,487 shares (effective 2023-01-19).

Change
charter amendment
Effective
2023-01-19
Exact text from the filing
Amendment No. 1 to Articles Supplementary for Series H Convertible Preferred Stock On January 19, 2023, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 1 (the “ Amendment ”) to the Articles Supplementary (the “ Series H Articles Supplementary ”) relating to the Company’s Series H Convertible Preferred Stock, $0.01 par value per share (the “ Series H Preferred Stock ”) with the Maryland State Department of Assessments and Taxation, which Amendment became effective upon filing.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Franklin BSP Realty Trust, Inc. shareholders approved Approval of Amendment to the Certificate of Incorporation at the 2023-01-17 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-01-17
Exact text from the filing
On January 17, 2023, the sole stockholder of the Series H Preferred Stock executed and delivered to the Company a written consent approving the Amendment.
View on SEC.gov

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Franklin BSP Realty Trust, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-005428
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