other material
confidence high
sentiment neutral
materiality 0.15
Franklin BSP Capital shareholders elect Kramer, Michelson as directors, approve below-NAV stock sales
Franklin BSP Capital Corp
- Ronald J. Kramer and Leslie D. Michelson elected Class III directors until 2029 with ~64.6M and ~65.0M votes for, respectively.
- Proposal to sell common stock below NAV passed with 54.4M for, 12.9M against, 4.0M abstentions (excluding affiliated shares).
- Below-NAV issuance capped at 25% of then-outstanding common stock per offering, subject to board approval.
- Meeting reconvened on June 23, 2026; record date April 7, 2026 with 135,981,783 common shares outstanding.