Franklin BSP Real Estate Debt BDC has 2 Schedule 13D or 13G filings on record since 2025-09-12. 1 holder's latest filing reports 5% or more of common shares, par value $0.001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Treasurer of the State of North Carolina | 99.9% | 20,167,415 | SCHEDULE 13D, 2025-09-16 | 2025-09-10 |
| Franklin Resources, Inc. | 0% | 60 | SCHEDULE 13D/A, 2025-09-12 | 2025-09-10 |
Purpose of Transaction (Item 4)
Franklin Resources, Inc.
On September 10, 2025, certain investment funds for which an affiliate of FRI serves as investment advisor (collectively the "Transferors") entered into a sale and transfer agreement with The Treasurer of the State of North Carolina whereby the Transferors sold an aggregate of 20,167,415 Common Shares of the Issuer at a purchase price per Common Share equal to $26.39 (the "Transaction"). As a result, Reporting Persons ceased to be the beneficial owners of more than 5% of the Issuer's securities.Item 4 of the SCHEDULE 13D/A filed 2025-09-12
Treasurer of the State of North Carolina
The information set forth in Item 3 hereof is hereby incorporated by reference into this Item 4. The Reporting Person acquired the Common Shares for investment purposes in the course of ordinary business. Depending on market conditions and other factors, the Reporting Person may from time to time acquire additional securities of the Issuer or dispose of all or a portion of its investment in the Issuer. The Reporting Persons ownership as a percentage of the outstanding Common Shares may be deemed to have the resulting effect of changing or influencing the control of the Issuer, notwithstanding that the Common Shares of the Issuer beneficially owned by the Reporting Person were acquired in the ordinary course of its business and were not acquired for the purpose of changing or influencing the control of the Issuer. When permitted by applicable law, the Reporting Person may seek to acquire additional securities of the Issuer (which may include rights or securities exercisable, exchangeable or convertible into securities of the Issuer) and or may dispose of some or all of their Common Shares, from time to time, by tendering such Common Shares for repurchase by the Issuer, depending on price, market liquidity, developments affecting the Issuer, the Issuers business and prospects, other investment and business opportunities available to the Reporting Person, general stock market and economic conditions, tax considerations and other factors deemed relevant. It is contemplated that, …The first part of Item 4 of the SCHEDULE 13D filed 2025-09-16; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-09-12 | Franklin Resources, Inc. | 0% | SCHEDULE 13D/A |
| 2025-09-16 | Treasurer of the State of North Carolina | 99.9% | SCHEDULE 13D |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.