North Carolina Treasurer acquires 99.99% of Franklin BSP Real Estate Debt BDC in private transaction

Franklin BSP Real Estate Debt BDC

On September 10, 2025, the Treasurer of the State of North Carolina acquired 99.99% of the Company's outstanding common shares.
The acquisition was a private transaction from prior holders, resulting in a change in control of the registrant.
Franklin BSP Real Estate Debt BDC is a business development company focused on real estate debt investments.

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