---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005428"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:27:44.859267+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Filed Amendment No. 1 to Series H Articles Supplementary extending mandatory conversion from Jan 19, 2023 to Jan 19, 2024.
- Holder of Series H Preferred may convert up to 4,487 shares monthly through Dec 2023 upon 10 business days' notice.
- All 1,000 outstanding shares of Series I Convertible Preferred converted into 299.2 common shares per share on Jan 19, 2023.
- The sole Series H stockholder approved the Amendment via written consent on Jan 17, 2023.

## SEC filing metadata
- accession: 0001104659-23-005428
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/tm234029d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005428
- JSON: https://secwatch.observer/filing/0001104659-23-005428.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005428.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm

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