Benefit Street Partners Realty Trust and Capstead Mortgage Corporation (CMO) to Merge
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Benefit Street Partners Realty Trust and Capstead Mortgage Corporation to Merge
July 26, 2021 7:30 AM EDTCombined company, Franklin BSP Realty Trust, to become fourth largest commercial mortgage REIT
NEW YORK & DALLAS--(BUSINESS WIRE)-- Benefit Street Partners Realty Trust, Inc. (BSPRT), a publicly-registered, non-listed real estate investment trust (REIT), and Capstead Mortgage Corporation (NYSE: CMO) (Capstead), a REIT, today announced they have entered into a definitive merger agreement. Under the terms of the agreement, Capstead common stockholders will receive a cash payment equal to a 15.75% premium to Capsteads diluted book value per share and shares of BSPRT common stock calculated on an adjusted book-for-book basis.... More
