Franklin BSP Realty Trust (FBRT) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order by CEO and Chairman, with introduction of the Secretary to lead proceedings.

• Agenda included election of two Class III directors and a proposal to authorize issuance of up to 25% of outstanding common stock below NAV.

Shareholder proposals

• No stockholder nominations or proposals were filed for this meeting; business limited to board-nominated director elections and the below NAV proposal.

Overview of voting outcomes

• Ronald J. Kramer elected as Class III director with 64,555,182 votes for, 2,968,714 against, and 3,614,411 abstentions.

• Leslie D. Michelson elected as Class III director with 64,924,831 votes for, 2,711,604 against, and 3,501,872 abstentions.

• Proposal to authorize issuance of up to 25% of common stock below NAV approved with 54,279,222 votes for, 12,839,743 against, and 4,019,342 abstentions.