secwatch.observer — SEC 8-K summary
======================================

Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001104659-23-005428
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/tm234029d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-005428

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer