Franklin BSP Realty extends Series H preferred mandatory conversion to Jan 21, 2025

Franklin BSP Realty Trust, Inc.

Mandatory conversion date pushed from Jan 19, 2024 to Jan 21, 2025 per holder request.
Holder may convert up to 4,487 shares per month through Dec 2024 (10 business days' notice).
No other terms of Series H Articles Supplementary were changed.
Amendment filed Jan 10, 2024; sole holder and Board approved via written consent on Jan 8, 2024.

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 0.9

Franklin BSP Realty Trust, Inc.: Amended Series H Articles Supplementary to extend mandatory conversion date for Series H Preferred Stock from January 19, 2024 to January 21, 2025, and grant holder monthly conversion right for up to 4,487 shares through December 2024 (effective 2024-01-10).

Change: charter amendment
Effective: 2024-01-10

Exact text from the filing

On January 10, 2024, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 2 (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.

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Franklin BSP Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-003703

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