Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
September 16 2024 - 6:30AM
Business Wire
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the
“Company”) today announced its Board of Directors has declared a
third quarter 2024 dividend of $0.355 per common share. The
dividend is payable on or about October 10, 2024 to common
stockholders of record as of September 30, 2024. The Board of
Directors also declared a third quarter 2024 dividend on its
convertible Series H Preferred Stock in an amount equal to the
as-converted common dividend amount.
FBRT’s Board of Directors also declared a third quarter 2024
dividend of $0.46875 per share on its 7.50% Series E Cumulative
Redeemable Preferred Stock (NYSE: FBRTPRE). This dividend is
payable on October 15, 2024 to Series E preferred stockholders of
record as of September 30, 2024.
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 June 30, 2024, FBRT
had approximately $6.3 billion of assets. FBRT is externally
managed by Benefit Street Partners L.L.C., a wholly owned
subsidiary of Franklin Resources, Inc. For further information,
please visit www.fbrtreit.com.
Forward-Looking Statements
Certain statements included in this press release are
forward-looking statements. Those statements include statements
regarding the intent, belief or current expectations of the Company
and members of our management team, as well as the assumptions on
which such statements are based, and generally are identified by
the use of words such as "may," "will," "seeks," "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "should" or
similar expressions. Actual results may differ materially from
those contemplated by such forward-looking statements. Further,
forward-looking statements speak only as of the date they are made,
and we undertake no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over
time, unless required by law.
The Company's forward-looking statements are subject to various
risks and uncertainties, including but not limited to the risks and
important factors contained and identified in the Company’s filings
with the Securities and Exchange Commission (“SEC”), including its
Annual Report on Form 10-K for the fiscal year ended December 31,
2023 and its subsequent filings with the SEC, any of which could
cause actual results to differ materially from the forward-looking
statements. The forward-looking statements included in this
communication are made only as of the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20240916759844/en/
Investor Relations Contact: Lindsey Crabbe
l.crabbe@benefitstreetpartners.com (214) 874-2339
Franklin BSP Realty (NYSE:FBRT)
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