Franklin Bsp Realty Trust, Inc. Announces Conversion Of Series F Convertible Preferred Stock To Common Stock

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