Tender Offer - Franklin BSP Private Credit Fund
Form Type: N-23C3A
Filing Date: 2025-06-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000113322825005901
Filing Summary: On June 2, 2025, Franklin BSP Private Credit Fund announced a quarterly repurchase offer for its shares, providing shareholders a chance to liquidate part of their investments. The repurchase offer aims to repurchase up to 5% of its outstanding shares at the net asset value (NAV) as of June 23, 2025. The offer period runs from June 2 to June 23, 2025, and shareholders are advised that if their shares are held less than 365 days and they wish to repurchase $250,000 or more in Class A shares, a contingent deferred sales charge will apply. The document outlines the process for submitting requests for repurchase and stresses the importance of adhering to the specified deadlines for repurchase requests.
Additional details:
Investment Company File Number: 811-23492
Repurchase Offer Start Date: 2025-06-02
Repurchase Offer End Date: 2025-06-23
Nav Class A: $10.55
Nav Advisor Class: $10.57
Repurchase Request Deadline: 2025-06-23
Repurchase Pricing Date: 2025-06-23
Form Type: N-23C3A
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000113322825001937
Filing Summary: Franklin BSP Private Credit Fund is announcing a quarterly repurchase offer for its shares, providing shareholders with liquidity as there is no secondary market for the shares. The repurchase offer will begin on March 3, 2025, and end on March 24, 2025. The Fund aims to repurchase up to five percent of its outstanding shares at their net asset value (NAV) as determined on the Repurchase Pricing Date, which will be March 24, 2025. For purchases of $250,000 or more, Class A shareholders tendering shares held for less than 365 days may incur a contingent deferred sales charge of 1.00%. Shareholders are encouraged to submit their repurchase requests through their financial professionals, and all requests must be received by 4:00 p.m. Eastern Time on the deadline. If the tendered shares exceed the five percent limit, repurchases will be conducted on a pro rata basis, prioritizing those who own fewer than 100 shares. The Fund reserves the right to reject any tenders and outlines specific conditions under which the offer may be suspended or postponed. Tax implications for shareholders participating in the repurchase are also discussed, indicating that tendering shares may result in taxable events.
Additional details:
Investment Company Name: Franklin BSP Private Credit Fund
Repurchase Offer Start Date: 2025-03-03
Repurchase Offer End Date: 2025-03-24
Nav Class A Share: 10.69
Nav Advisor Class Share: 10.71
Contingent Deferred Sales Charge: 1.00%
Comments
No comments yet. Be the first to comment!