An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Franklin BSP Realty Trust, Inc. Announces Conversion of Series F Convertible Preferred Stock to Common Stock
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
NEW YORK--(BUSINESS WIRE)--
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that all of the outstanding shares of the Company’s Series F Convertible Preferred Stock converted on a one-for-one basis into an equal amount of shares of the Company’s common stock on April 19, 2022. Following such conversion, there were 83,690,662 shares of the Company’s common stock outstanding. All shares of common stock issued upon conversion are freely tradeable by the holders on the New York Stock Exchange. There are no shares of Series F Preferred Stock outstanding following the conversion.
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of December 31, 2021, FBRT had over $9 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.fbrtreit.com.
benefit street partners realty trust, inc. ("bsprt") is a publicly-registered, non-traded real estate investment trust ("reit") that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the united states. our experienced real estate team has extensive origination, underwriting and asset management capabilities and an extensive network of relationships with brokers and borrowers, which drives proprietary deal flow and a large pipeline of investment opportunities. we lend against all commercial property types across the united states with a national origination footprint including offices in new york, boca raton, charleston (sc) and san francisco. bsprt invests throughout the capital structure with a focus on generating attractive risk-adjusted returns. bsprt originates both fixed and floating rate loans on all commercial property types. bsprt is externally managed by benefit street partners, a leading credit-focused alt
