secwatch / observer

Franklin BSP Realty Trust, Inc. — fact timeline

Source-grounded facts extracted from Franklin BSP Realty Trust, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

FBRT Franklin BSP Realty Trust, Inc. JSON
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2026-06-08 meeting.

“Proposal No. 3 - Advisory Vote on the Compensation of the Company’s Named Executive Officers: The proposal was approved. Votes For Votes Against Votes Abstained Broker Non-Votes 40,071,017 5,413,939 414,101 13,533,732”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Ratification of the Appointment of PwC as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026 at the 2026-06-08 meeting.

“Proposal No. 2 - Ratification of the Appointment of PwC as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026: The proposal was approved. Votes For Votes Against Votes Abstained Broker Non-Votes 58,612,929 616,987 202,873 --”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Election of Directors at the 2026-06-08 meeting.

“Proposal No. 1 - Election of Directors Each of the following directors was elected to hold office until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified. Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Pat Augustine 44,197,399 1,506,854 194,804 13,533,732 Richard J. Byrne 43,144,273 2,561,401 193,383 13,533,732 Joe Dumars 44,744,702 962,737 191,618 13,533,732 Peter J. McDonough 41,074,290 4,631,801 192,966 13,533,732 Buford H. Ortale 44,184,291 1,521,395 193,371 13,533,732 Elizabeth K. Tuppeny 42,266,447 3,445,989 186,621 13,533,732”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for the quarter ended March 31, 2026.

“issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter ended March 31, 2026”
Debt Financings

Franklin BSP Realty Trust, Inc. incurred senior notes of $880.4 million with Wilmington Trust, National Association at 1.5000% plus 1 Month CME Term SOFR, 1.7000% plus 1 Month CME Term SOFR, 2.0000% maturing October 18, 2043.

“closed an approximately $880.4 million commercial real estate mortgage securitization transaction, and sold approximately $778.1 million of the securitization’s notes in a private placement.”
Material Agreements

Franklin BSP Realty Trust, Inc. entered into Indenture with Benefit Street Partners Realty Operating Partnership, L.P., as Advancing Agent; Wilmington Trust, National Association, as Trustee; Computershare Trust Company, National Association, as Note Administrator and Custodian valued at approximately $880.4 million (effective 2026-04-15).

“closed an approximately $880.4 million commercial real estate mortgage securitization transaction, and sold approximately $778.1 million of the securitization’s notes in a private placement. The notes were issued pursuant to an indenture (the “Indenture”), dated as of the Closing Date, by and among the Issuer, Benefit Street Partners Realty Operating Partnership, L.P., as advancing agent (the “Advancing Agent”), Wilmington Trust, National Association,, as trustee (the “Trustee”) and Computershare Trust Company, National Association, as note administrator (the “Note Administrator”) and custodian, and in other capacities.”
Governance Changes

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).

“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.”
Debt Financings

Franklin BSP Realty Trust, Inc. incurred senior notes of $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043, $150,690,000 Class A-S, $78,035,000 Class B, $60,545,0 with U.S. Bank Trust Company, National Association at 1.3860% plus 1 Month CME Term SOFR for Class A, 1.6480% plus 1 Month CME Term SO maturing April 17, 2043.

“general corporate purposes. The aggregate principal amounts of the following nine classes of Notes (each, a “Class”) were issued pursuant to the terms of the Indenture: (i) $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043 (the “Class A Notes”); (ii) $150,690,000 Class A-S Second Priority Secured Floating Rate Notes Due 2043 (the “Class A-S”
M&A Transactions

Franklin BSP Realty Trust, Inc. completed an acquisition involving Existing Equityholders of NewPoint Holdings JV LLC for $318,750,000 in cash and 8,385,951 Class A Units (closed 2025-07-01).

“Purchaser purchased all of NewPoint’s Purchased Interests. In exchange for the Purchased Interests, (i) Purchaser paid to the Existing Equityholders an aggregate amount of $318,750,000 in cash, as such amount was adjusted (and remains subject to further post-closing adjustment) in accordance with the purchase price adjustment mechanism set forth in the”
Governance Changes

Franklin BSP Realty Trust, Inc.: Extended mandatory conversion date for Series H Preferred Stock from January 21, 2025 to January 21, 2026, and added monthly conversion right for up to 4,487 shares through December 2025 (effective 2025-01-16).

“On January 16, 2025, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 3 (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.”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for the quarter ended March 31, 2024.

“On April 29, 2024, Franklin BSP Realty Trust, Inc. (the “Company”) issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter ended March 31, 2024.”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for the quarter and year ended December 31, 2023.

“On February 14, 2024 , Franklin BSP Realty Trust, Inc. (the “Company”) issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter and year ended December 31, 2023.”
Governance Changes

Franklin BSP Realty Trust, Inc.: Amended Series H Articles Supplementary to extend mandatory conversion date for Series H Preferred Stock from January 19, 2024 to January 21, 2025, and grant holder monthly conversion right for up to 4,487 shares through December 2024 (effective 2024-01-10).

“On January 10, 2024, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 2 (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.”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for quarter ended September 30, 2023.

“On October 30, 2023, Franklin BSP Realty Trust, Inc. (the “Company”) issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter ended September 30, 2023.”
Debt Financings

Franklin BSP Realty Trust, Inc. incurred senior notes of approximately $897 million with U.S. Bank Trust Company, National Association at 2.259% plus 1 Month CME Term SOFR maturing September 15, 2035.

“closed an approximately $897 million commercial real estate mortgage securitization transaction, and sold $767 million of the securitization's notes in a private placement”
Material Agreements

Franklin BSP Realty Trust, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at approximately $897 million (effective 2023-09-28).

“On September 28, 2023 (the “Closing Date”), a consolidated subsidiary of Franklin BSP Realty Trust, Inc. (the “Company”), BSPRT 2023-FL10 Issuer, LLC (the “Issuer”), closed an approximately $897 million commercial real estate mortgage securitization transaction, and sold $767 million of the securitization’s notes in a private placement. The notes were issued pursuant to an indenture (the “Indenture”), dated as of the Closing Date, by and among the Issuer, Benefit Street Partners Realty Operating Partnership, L.P., as advancing agent (the “Advancing Agent”), U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and note administrator (in such capacity, the “Note Administrator”), and U.S. Bank National Association, as custodian and in other capacities.”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers at the 2023-05-31 meeting.

“Proposal No. 5 – Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers: Votes For Every Year Votes For Every Two Years Votes for Every Three Years Votes Abstained 43,081,933 170,238 657,498 264,243”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2023-05-31 meeting.

“Proposal No. 4 – Advisory Vote on the Compensation of the Company’s Named Executive Officers: The proposal was approved. Votes For Votes Against Votes Abstained Broker Non-Votes 34,793,099 9,017,352 363,461 12,809,314”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders rejected Amendment to the Company’s Articles of Amendment and Restatement to eliminate supermajority voting requirements at the 2023-05-31 meeting.

“Proposal No. 2 – Amendment to the Company’s Articles of Amendment and Restatement to eliminate supermajority voting requirements: Because Proposal No. 2 failed to receive the affirmative vote of the holders of not less than two-thirds of the shares then outstanding and entitled to vote at the Annual Meeting, the proposal was not approved.”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Election of directors at the 2023-05-31 meeting.

“Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Pat Augustine 43,197,370 750,714 225,828 12,809,314”
Auditor Changes

Franklin BSP Realty Trust, Inc. engaged PricewaterhouseCoopers LLP as its auditor.

“On May 31, 2023, the Audit Committee of the Board of Directors of the Company approved the engagement of PWC as the Company’s new independent registered public accounting firm, effective immediately, to perform independent audit services for the fiscal year ended December 31, 2023 (including with respect to the Company’s quarterly period ended June 30, 2023).”
Auditor Changes

Franklin BSP Realty Trust, Inc. dismissed Ernst & Young LLP as its auditor.

“On May 31, 2023, the Audit Committee of the Board of Directors of Franklin BSP Realty Trust, Inc. (the “Company”) replaced Ernst & Young LLP (“EY”), as the Company’s independent registered public accounting firm, with PricewaterhouseCoopers LLP (“PWC”), effective immediately.”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for the quarter ended March 31, 2023.

“On May 3, 2023, Franklin BSP Realty Trust, Inc. (the “Company”) issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter ended March 31, 2023.”

Michael Comparato was appointed as President at Franklin BSP Realty Trust, Inc..

“On March 20, 2023, the board of directors (the “ Board ”) of Franklin BSP Realty Trust, Inc. (the “ Company ”) appointed Michael Comparato to succeed Richard J. Byrne as the Company’s President, effective immediately.”
Governance Changes

Franklin BSP Realty Trust, Inc.: Amended Articles Supplementary for Series H Convertible Preferred Stock to extend mandatory conversion date from January 19, 2023 to January 19, 2024 and permit monthly conversions of up to 4,487 shares (effective 2023-01-19).

“Amendment No. 1 to Articles Supplementary for Series H Convertible Preferred Stock On January 19, 2023, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 1 (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.”
Shareholder Votes

Franklin BSP Realty Trust, Inc. shareholders approved Approval of Amendment to the Certificate of Incorporation at the 2023-01-17 meeting.

“On January 17, 2023, the sole stockholder of the Series H Preferred Stock executed and delivered to the Company a written consent approving the Amendment.”

Joe Dumars was appointed as Director at Franklin BSP Realty Trust, Inc..

“increased the size of the Board from seven to eight directors and appointed Joe Dumars to the Board, effective January 1, 2023”
Earnings Releases

Franklin BSP Realty Trust, Inc. reported financial results for the quarter ended September 30, 2022.

“On November 9, 2022, Franklin BSP Realty Trust, Inc. (the “Company”) issued a press release and supplemental slide presentation reporting the Company’s financial results for the quarter ended September 30, 2022.”

Jerome Baglien was appointed as Chief Operating Officer at Franklin BSP Realty Trust, Inc..

“On December 17, 2021, the board of directors of Franklin BSP Realty Trust, Inc. (the “ Company ”) appointed Jerome Baglien, the Company’s Chief Financial Officer and Treasurer, to also serve as the Company’s Chief Operating Officer, effective December 17, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.