Core Viewpoint - A class action has been filed against Franklin BSP Realty Trust, Inc. (FBRT) for allegedly misleading investors about its ability to maintain its dividend during the class period from November 5, 2024, to February 11, 2026 [1][2]. Group 1: Class Action Details - The class period for the action is defined as November 5, 2024, to February 11, 2026 [2]. - Allegations include that FBRT management recklessly overstated the company's prospects and its ability to sustain a $0.355 dividend [2]. Group 2: Financial Performance - On February 11, 2026, FBRT announced disappointing fourth quarter and full year 2025 results, leading to a significant stock price drop [3]. - Following the earnings call on February 12, 2026, management announced a reduction of the quarterly dividend to $0.20 per common share, effective in the first quarter of 2026, resulting in a stock price decline of $1.44 per share, or 14.18%, closing at $8.71 [3]. Group 3: Shareholder Actions - Shareholders may participate in the class action and those wishing to serve as lead plaintiff must submit their papers by April 27, 2026 [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [4].

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Franklin BSP Realty Trust, Inc. (NYSE: FBRT) securities between November 5, 2024 and February 11, 2026. 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."Robbins LLP is Investigating Allegations that Franklin BSP Realty Tr ...

Core Viewpoint - Apollo Commercial Real Estate Finance (ARI) plans to sell its loan portfolio to Athene, which is expected to be a transformational deal aimed at addressing the valuation gap between ARI's market price and the intrinsic value of its assets [4][10]. Financial Details - The transaction is expected to deliver approximately $1.4 billion of net cash to ARI [1][7]. - After the repayment of most financing facilities and transaction expenses, ARI anticipates a common equity book value per share of about $12.05 [2][7]. - The purchase price for the loan portfolio is set at 99.7% of total loan commitments, excluding two loans with a principal balance of $146 million [3][7]. Strategic Implications - The sale is designed to close a long-standing valuation gap, as ARI's stock has traded at an average of about 0.76 of net book value for several years [9][11]. - Management plans to evaluate commercial real estate-related strategies to unlock additional value, including potential M&A opportunities [12][13]. - If no new asset strategy is identified by year-end, ARI's board may explore all strategic alternatives, including dissolution [14]. Governance and Transaction Process - The transaction has been approved by ARI's board following a recommendation from a special committee of independent directors [15]. - A 25-day go-shop period will allow for additional interest in the portfolio before a stockholder vote [17][18]. - Apollo has agreed to a 50% reduction in ARI's annual management fee and will reimburse up to $10 million of transaction expenses [16].