M&A - Franklin BSP Realty Trust, Inc.

Form Type: DEF 14A

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525081535

Filing Summary: The 2025 Proxy Statement for Franklin BSP Realty Trust, Inc. outlines the details for the annual meeting scheduled for May 28, 2025, which will be conducted virtually. Major topics include the re-election of all seven directors, an amendment to eliminate supermajority voting procedures, and the ratification of PricewaterhouseCoopers LLP as the independent accounting firm. The document highlights the company's achievements in 2024, including $2 billion in new loan commitments, a significant liquidity position of $535 million, and an annual dividend of $1.42. Additionally, it notes a recent acquisition of NewPoint Holdings JV LLC, a strategic move aimed at enhancing the company’s lending and servicing capabilities. This acquisition is expected to close in the third quarter of 2025 and is projected to foster future growth in earnings and book value.

Form Type: PRE 14A

Filing Date: 2025-04-04

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525073400

Filing Summary: Franklin BSP Realty Trust, Inc. (FBRT) is preparing for its 2025 Annual Meeting of Stockholders, scheduled for May 28, 2025, via a virtual format. The record date for stockholder voting is April 4, 2025. FBRT's management emphasizes its financial performance, including an annual dividend of $1.42 and significant loan commitments of approximately $2 billion in 2024. The company is particularly pleased about its acquisition of NewPoint Holdings JV LLC, a move aimed at expanding its capabilities in multifamily lending and servicing. This strategic acquisition is expected to boost future earnings and book value growth. The meeting will present several proposals for stockholder voting, including the election of directors, an amendment to eliminate supermajority voting requirements, and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2025. FBRT is focused on improving governance and actively engaging with stockholders, having previously attempted to amend voting requirements with notable support from stockholders.

Form Type: 8-K

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925022187

Filing Summary: On March 9, 2025, Franklin BSP Realty Trust, Inc. entered into a definitive Purchase and Sale Agreement with NewPoint Holdings JV LLC and its existing equity holders to acquire all of NewPoint’s membership interests for $318,750,000 in cash and 8,385,951 Class A Units of Purchaser OP. This acquisition is approved by the board and is subject to various conditions, including compliance with antitrust laws and obtaining necessary consents from lenders. The transaction aims to operate NewPoint's business in its ordinary course until the closing, expected by December 9, 2025. If the agreement is not consummated by this date, it may be terminated. The company will also issue a press release and an investor presentation regarding the acquisition on March 10, 2025.