UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): June 23, 2020

 

Benefit Street Partners Realty Trust, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland 000-55188 46-1406086
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)    Identification No.) 

 

9 West 57th Street, Suite 4920

New York, New York 10019

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (212) 588-6770

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
None    

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

        Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

 

Item 8.01 Other Events

 

On June 23, 2020, Benefit Street Partners Realty Trust, Inc. (the “Company”) announced that the Company’s Amended and Restated Distribution Reinvestment and Stock Purchase Plan (the “DRIP”), which had been temporarily suspended in March 2020 for the March 2020 dividend, would be effective for the Company’s upcoming second-quarter 2020 dividend. Therefore, second-quarter dividends payable to stockholders enrolled in the DRIP will be reinvested into shares of the Company’s common stock in accordance with the terms of the DRIP.

 

On June 23, 2020, the Company’s Board of Directors declared (i) a quarterly cash dividend of $0.275 per common share (equivalent to $1.10 per annum), and (ii) a quarterly cash dividend per share of its Series A convertible preferred stock and Series C convertible preferred stock equivalent to the amount of distributions that would be paid upon a conversion of such share of preferred stock into common stock. The Company expects to pay these second quarter 2020 dividends in the first week of July 2020.

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

 

  BENEFIT STREET PARTNERS REALTY TRUST, INC. 
       
       
  By: /s/ Jerome S. Baglien  
  Name:  Jerome S. Baglien
  Title: Chief Financial Officer and Treasurer

 

Date: June 23, 2020