Franklin BSP Realty Trust extends Series H Preferred mandatory conversion date to Jan 2028

Franklin BSP Realty Trust, Inc.

Mandatory conversion date for Series H Convertible Preferred Stock extended from Jan 21, 2026 to Jan 21, 2028.
Holder may convert up to 4,887 shares monthly upon 10 business days' notice, a new conversion right.
Extension approved by Board and sole holder via written consent; no other terms amended.
Company and holder may mutually agree to further one-year extensions before each mandatory conversion date.

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 of Series H Convertible Preferred Stock from January 21, 2026 to January 21, 2028, and added monthly conversion right of up to 4,487 shares upon 10 business days' notice (effective 2026-01-20).

Change: charter amendment
Effective: 2026-01-20

Exact text from the filing

On January 20, 2026, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 4 (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 0001104659-26-005433

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