Franklin BSP Realty Trust, Inc. Announces Second Quarter 2022 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

Rhea-AI Summary

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) announced a second quarter 2022 common dividend of $0.355 per share, payable on July 11, 2022, for stockholders of record as of June 30, 2022. Additionally, the company declared a second quarter dividend of $0.46875 on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE), payable on July 15, 2022. As of March 31, 2022, FBRT managed assets exceeding $7.1 billion.

Positive

• Declaration of second quarter common dividend of $0.355 per share, providing income for shareholders.
• Second quarter dividend of $0.46875 on Series E preferred stock indicates company confidence in sustaining returns.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2022 common dividend of $0.355 per common share. The dividend is payable on July 11, 2022 to common stockholders of record as of June 30, 2022. The Board of Directors also declared second quarter 2022 dividends on its convertible Series C and D Preferred Stock in amounts equal to the as-converted common dividend amounts.

FBRT’s Board of Directors also declared a second quarter 2022 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE). This dividend is payable on July 15, 2022 to Series E preferred stockholders of record as of June 30, 2022.

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 March 31, 2022, FBRT had over $7.1 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.

Forward-Looking Statements

This communication includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as “will,” “should,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe management’s beliefs, intentions or goals also are forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the Company or the price of FBRT stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those indicated in 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.

Our forward-looking statements are subject to various risks and uncertainties, including but not limited to the risks and important factors contained and identified in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and our 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005843/en/

Investor Relations Contact:

Lindsey Crabbe

l.crabbe@benefitstreetpartners.com

(214) 874-2339

Source: Franklin BSP Realty Trust, Inc.

FAQ

What is the dividend amount declared by FBRT for Q2 2022?

Franklin BSP Realty Trust declared a common dividend of $0.355 per share for Q2 2022.

When is the dividend payable for FBRT's common stock?

The dividend is payable on July 11, 2022, to stockholders of record as of June 30, 2022.

What dividends did FBRT declare for its preferred stock?

FBRT declared a dividend of $0.46875 on its 7.50% Series E Cumulative Redeemable Preferred Stock.

When will the Series E preferred stock dividend be paid?

The Series E preferred stock dividend is payable on July 15, 2022.

What assets does FBRT manage?

As of March 31, 2022, FBRT managed assets exceeding $7.1 billion.