Franklin BSP Realty Trust extends Series H conversion date to Jan 2026

Franklin BSP Realty Trust, Inc.

Mandatory conversion of Series H Preferred Stock pushed from Jan 21, 2025 to Jan 21, 2026.
Holder may convert up to 4,487 shares monthly through Dec 2025 with 10 business days' notice.
Amendment approved by board and sole holder; no other terms changed.
Series H Preferred Stock (FBRT PRE) unaffected beyond conversion timeline adjustment.

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.: Extended mandatory conversion date for Series H Preferred Stock from January 21, 2025 to January 21, 2026, and added monthly conversion right for up to 4,487 shares through December 2025 (effective 2025-01-16).

Change: charter amendment
Effective: 2025-01-16

Exact text from the filing

On January 16, 2025, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 3 (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 0001104659-25-004501

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