NEW YORK, March 30, 2020
On March 26, 2020, the Company temporarily suspended the Company’s Amended and Restated Distribution Reinvestment and Stock Purchase Plan (the “DRIP”), effective immediately. Until the Company reactivates the DRIP (which will be announced by the Company on a Form 8-K filed with the SEC), participants and all other holders of the Company’s securities will receive any distributions paid by the Company in cash, including March 2020 distributions payable in April 2020.
About Benefit Street Partners Realty Trust
Benefit Street Partners Realty Trust, Inc. is a publicly-registered, non-traded 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. BSP Realty Trust is externally managed by Benefit Street Partners (“BSP”). For further information, please visit www.bsprealtytrust.com.
About Benefit Street Partners
Benefit Street Partners (“BSP”) is a leading credit-focused alternative asset management firm with approximately $28 billion in assets under management as of February 29, 2020. BSP is a wholly owned subsidiary of Franklin Resources, Inc. that, together with its various subsidiaries, operates as Franklin Templeton. Established in 2008, the BSP platform manages funds for institutions, high-net-worth and retail investors across various strategies including: private/opportunistic debt, liquid loans, high yield, special situations, and commercial real estate debt. These complementary strategies leverage the proprietary sourcing, analytical, operational and compliance capabilities that encompass BSP’s robust institutional platform. BSP has over 220 employees and over 110 investment professionals.
About Franklin Templeton
With 70 years of investing experience, Franklin Templeton is a global leader in asset management, serving clients in over 170 countries. Through its specialized teams, Franklin Templeton helps investors achieve better outcomes by offering investment expertise that spans traditional to alternative strategies and multi-asset solutions.
Benefit Street Partners Realty Trust