UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Financial Statements and Exhibits. |
On April 19, 2022, all of the 39,733,299 outstanding shares of the Series F Convertible Preferred Stock (“Series F Preferred Stock”) of Franklin BSP Realty Trust, Inc. (the “Company”) automatically converted on a one-for-one basis into an equal amount of shares of the Company’s common stock, pursuant to the terms of the Articles Supplementary of the Series F Preferred Stock. The shares of common stock issued upon conversion of the Series F Preferred Stock 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.
Following the conversion of the Series F Preferred Stock, as of April 19, 2022, there were 83,690,662 shares of the Company’s common stock outstanding, 1,400 shares of the Company’s Series C Convertible Preferred Stock outstanding, 17,950 shares of the Company’s Series D Convertible Preferred Stock outstanding and 10,329,039 shares of the Company’s 7.50% Series E Cumulative Redeemable Preferred Stock outstanding.
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 | |
Date: April 20, 2022