secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001104659-23-045644
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Realty Trust establishes $200M ATM program; no current intention to use
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- ATM program allows sale of up to $200M of common stock through multiple agents.
- Company states it does not presently intend to utilize the ATM given current market conditions.
- ATM supplements existing $65M share repurchase program for capital flexibility.
- Commissions to agents capped at 2.0% of gross proceeds from shares sold.
- Program expires November 12, 2024 or upon sale of all shares, whichever comes first.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000110465923045644/0001104659-23-045644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000110465923045644/tm2312838d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-045644

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