---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-005433"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2026-01-21T23:59:59+00:00"
generated_at: "2026-05-16T09:17:48.994397+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-005433
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2026-01-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465926005433/0001104659-26-005433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465926005433/tm263316d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-005433
- JSON: https://secwatch.observer/filing/0001104659-26-005433.json
- Plain text: https://secwatch.observer/filing/0001104659-26-005433.txt

## Source-grounded claims
- claim_id: 2ff24b113181a15dec8a563416904e557dd676e5
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562528/000110465926005433/0001104659-26-005433-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.