Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2021 Common Dividend of $0.355 Per Share Consisting of Newly Declared Common Dividend of $0.285 Per Share and Previously Paid Partial Dividend of $0.07 Per Share

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its fourth quarter 2021 common dividend of $0.355 per common share. The cumulative fourth quarter dividend consists of the $0.07 per share interim dividend paid on October 18, 2021 prior to the completion of the merger with Capstead Mortgage Corporation, and the remaining dividend of $0.285 per share declared by the Board of Directors on December 17, 2021, which will be paid on January 10, 2022 to common stockholders of record as of December 31, 2021.

FBRT’s Board of Directors also declared a fourth quarter 2021 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: FBRTPRE). This dividend is payable on January 18, 2022 to Series E preferred stockholders of record as of December 31, 2021. The Board of Directors also declared fourth quarter 2021 dividends on its convertible Series C, D and F Preferred Stock in amounts equal to the as-converted common dividend amounts.

Additionally, FBRT announced that its dividend reinvestment plan, as recently amended (the “Plan”), which was temporarily suspended in connection with the Capstead merger, has been reinstated and will be operational for the upcoming fourth quarter dividend. Shareholders already enrolled in the Plan will have their dividends reinvested in accordance with the Plan. Shareholders that wish to enroll in the Plan may do so directly through Company’s website at http://www.fbrtreit.com or may have the option to do so indirectly through their broker to the extent their broker offers this option.

About Franklin BSP Realty Trust, Inc.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a 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. As of September 30, 2021, FBRT had over $3 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.fbrtreit.com.

Forward-Looking Statements

This communication includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as “will,” “should,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe management’s beliefs, intentions or goals also are forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the Company or the price of FBRT stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to the risks and important factors contained and identified in FBRT’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof. FBRT does not undertake any obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.

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