FBRT Lock-Up Expiration
This week in nontraded alternatives: Franklin Benefit Street Partners Realty Trust ($FBRT) lock-up expiration.
On 4/19/22, six months post-merger of Benefit Street Partners Realty Trust, Inc. and Capstead Mortgage Corporation, all common stock and automatically convertible preferred stock will become tradeable on the NYSE.
The lock-up expiration will lead to an increase of over 90% in the common stock float.
See the Investor Presentation