Franklin BSP Realty Trust Files 8-K
Ticker: FBRT-PE · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1562528
| Field | Detail |
|---|---|
| Company | Franklin Bsp Realty Trust, Inc. (FBRT-PE) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, legal-filing
TL;DR
Franklin BSP Realty Trust filed an 8-K on Jan 16, 2025, with changes to security holder rights and bylaws.
AI Summary
Franklin BSP Realty Trust, Inc. filed an 8-K on January 16, 2025, reporting material modifications to security holder rights and amendments to its governing documents. The filing also includes financial statements and exhibits, with the date of the report and change as January 17, 2025.
Why It Matters
This filing indicates potential changes in the rights of security holders and amendments to the company's bylaws, which could impact investors' holdings and the company's governance structure.
Risk Assessment
Risk Level: low — The filing is procedural and reports on modifications and amendments without immediate financial implications disclosed.
Key Players & Entities
- Franklin BSP Realty Trust, Inc. (company) — Filer
- January 16, 2025 (date) — Date of earliest event reported
- January 17, 2025 (date) — Date of report and change
FAQ
What specific material modifications were made to the rights of security holders?
The filing indicates material modifications to the rights of security holders, but the specific details are not provided in the provided text excerpt.
What amendments were made to the Articles of Incorporation or Bylaws?
The filing states that amendments were made to the Articles of Incorporation or Bylaws, but the specific changes are not detailed in the provided text.
What financial statements and exhibits are included in this filing?
The filing states that financial statements and exhibits are included, but their specific content is not detailed in the provided text.
What was the previous name of Franklin BSP Realty Trust, Inc.?
Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc., Realty Finance Trust, Inc., and ARC Realty Finance Trust, Inc.
When did the company last change its name?
The company's name was last changed from Benefit Street Partners Realty Trust, Inc. on February 3, 2017.
Filing Stats: 696 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2025-01-17 16:30:35
Key Financial Figures
- $0.01 — registered Common Stock, par value $0.01 per share FBRT New York Stock Exchang
Filing Documents
- tm253422d1_8k.htm (8-K) — 31KB
- tm253422d1_ex3-1.htm (EX-3.1) — 11KB
- 0001104659-25-004501.txt ( ) — 261KB
- bsprt-20250116.xsd (EX-101.SCH) — 3KB
- bsprt-20250116_def.xml (EX-101.DEF) — 26KB
- bsprt-20250116_lab.xml (EX-101.LAB) — 36KB
- bsprt-20250116_pre.xml (EX-101.PRE) — 25KB
- tm253422d1_8k_htm.xml (XML) — 6KB
03
Item 3.03. Material Modification to Rights of Security Holders. The information set forth below under Item 5.03 is hereby incorporated by reference into this Item 3.03.
03
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Amendment No. 3 to Articles Supplementary for Series H Convertible Preferred Stock 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. The Company's Board of Directors (the " Board ") and the sole holder of the Series H Preferred Stock approved the Amendment, which was requested by the holder of the Series H Preferred Stock, to extend the mandatory conversion date for the Series H Preferred Stock, which was set to occur on January 21, 2025, to January 21, 2026. In addition, under the Amendment, the holder of the Series H Preferred Stock has the right to convert up to 4,487 shares of Series H Preferred Stock one time in each calendar month through December 2025, upon 10 business days' advance notice to the Company. No other terms in the Series H Articles Supplementary were amended. The foregoing description of the Amendment is a summary and is qualified in its entirety by the terms of the Amendment, which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 3.1 Amendment No. 3 to Articles Supplementary of Franklin BSP Realty Trust, Inc., dated January 16, 2025, relating to Series H Convertible Preferred Stock 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Franklin BSP Realty Trust, Inc. By: /s/ Jerome S. Baglien Name: Jerome S. Baglien Title: Chief Financial Officer, Chief Operating Officer and Treasurer January 17, 2025