other_material
confidence high
sentiment neutral
materiality 0.30
Franklin BSP Capital shareholders elect directors, approve below-NAV stock sales
Franklin BSP Capital Corp
- Edward G. Rendell elected Class II director with 65,913,611 votes for; Dennis M. Schaney elected with 5,109,830 votes for.
- Proposal to sell common stock below NAV approved: 49,778,168 for, 18,360,692 against (ex-affiliated: 49,436,589 for).
- Authorization allows issuance of up to 25% of outstanding common stock below NAV, subject to board approval.
- Meeting held June 23, 2025; record date April 7, 2025.
item 5.07