Common Stock (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Net Assets Attributable to Common Stock Activity

The following table reflects the net assets attributable to Common Stock activity for the six months ended June 30, 2025:


	Common stock - shares	Common stock - par		Additional paid in capital		Total distributable earnings (loss)		Total net assets attributable to common stock











































































Balance as of December 31, 2024	135,487,595	$	135	$	2,517,890	$	(607,648)	$	1,910,377
Net investment income (loss)	—	—		—		44,924		44,924
Net realized gain (loss) from investment transactions	—	—		—		3,452		3,452
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(23,517)		(23,517)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(5)		(5)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(1,686)		(1,686)
Distributions to common stockholders	—	—		—		(44,703)		(44,703)



Reinvested dividends	708,547	1		9,990		—		9,991

Balance as of March 31, 2025	136,196,142	$	136	$	2,527,880	$	(629,183)	$	1,898,833
Net investment income (loss)	—	$	—	$	—	$	39,580	$	39,580
Net realized gain (loss) from investment transactions	—	—		—		(11,492)		(11,492)
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(1,930)		(1,930)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(4)		(4)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(1,687)		(1,687)
Distributions to common stockholders	—	—		—		(44,942)		(44,942)


Repurchases	(2,475,426)	(2)		(34,901)		—		(34,903)
Reinvested dividends	666,581	1		9,291		—		9,292

Balance as of June 30, 2025	134,387,297	$	135	$	2,502,270	$	(649,658)	$	1,852,747

The following table reflects the net assets attributable to Common Stock activity for the six months ended June 30, 2024:


	Common stock - shares	Common stock - par		Additional paid in capital		Total distributable earnings (loss)		Total net assets attributable to common stock
Balance as of December 31, 2023	26,080,389	$	26	$	400,332	$	(12,239)	$	388,119
Net investment income (loss)	—	—		—		49,737		49,737
Net realized gain (loss) from investment transactions	—	—		—		1,283		1,283
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(24,800)		(24,800)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(5)		(5)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(2,197)		(2,197)
Distributions to common stockholders	—	—		—		(11,182)		(11,182)
Issuance of shares in connection with the Merger	110,033,324	110		1,594,151		—		1,594,261

Reinvested dividends	221,360	0 (1)		3,342		—		3,342
Balance as of March 31, 2024	136,335,073	$	136	$	1,997,825	$	597	$	1,998,558
Net investment income (loss)	—	$	—	$	—	$	48,677	$	48,677
Net realized gain (loss) from investment transactions	—	—		—		250		250
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(16,015)		(16,015)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(4)		(4)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(1,687)		(1,687)
Distributions to common stockholders	—	—		—		(45,004)		(45,004)

Issuance of common stock, net of issuance costs	61,058	0 (1)		900		—		900
Repurchases	(2,837,405)	(3)		(41,167)		—		(41,170)
Reinvested dividends	685,533	1		9,932		—		9,933
Balance as of June 30, 2024	134,244,259	$	134	$	1,967,490	$	(13,186)	$	1,954,438

(1) Less than $1.

The following table reflects the Common Stock activity for the six months ended June 30, 2025:


	Shares	Value

Shares issued through DRIP	1,375,128	$	19,283
Share repurchases	(2,475,426)	(34,903)
	(1,100,298)	$	(15,620)

The following table reflects the Common Stock activity for the year ended December 31, 2024:


	Shares	Value
Shares sold	110,096,838	$	1,595,161
Shares issued through DRIP	2,279,074	33,106
Share repurchases	(2,968,706)	(43,017)
	109,407,206	$	1,585,250

Franklin BSP Capital Corp 10-Q