Franklin BSP Real Estate Debt Fund

Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your units. 

This material does not constitute an offering of any security, product, service or fund, including interests in Frankling BSP Real Estate Debt Fund (the “Fund”), which can only be made to qualified investors through, and in accordance with, the terms of the Fund’s subscription agreement and confidential private offering memorandum (collectively, the “Offering Documents”), and the constating documents of the Fund. The information in this document is for informational purposes only and is not intended to provide legal, accounting, tax, investment or financial advice and should not be relied on in that regard. It is qualified in its entirety by the Offering Documents of the Fund and no offering of interests in the Fund may be made by any literature, advertising, or document in whatever form other than the Fund’s Offering Documents, which supersede and may qualify, and differ from, the information and opinions contained herein.

The Offering Documents of the Fund contain important information regarding the Fund’s and the Master Fund’s (as hereinafter defined) investment objective, strategies, restrictions, risks, fees, redemption limitations, liquidity, certain material conflicts of interest and other matters of interest. There are no assurances that the stated investment objective of the Fund or the Master Fund will be met. Units of the Fund are only sold to purchasers that qualify as “accredited investors” in reliance on prospectus exemptions in each of the provinces and territories of Canada. As the Fund is a prospectus exempt fund, it is not subject to the same regulatory requirements as publicly offered investment funds offered by way of prospectus.

The Fund is a Canadian access fund established as a trust under the laws of the Province of Ontario that will invest substantially all of its investable assets in shares of Franklin BSP Real Estate Debt Fund (the “Master Fund”), a sub-fund of Franklin BSP Private Markets Fund SICAV SA. The Master Fund is part of an umbrella investment program referred to as FBRED-I. The investment objective of FBRED-I is to seek long-term capital appreciation and FBRED-I seeks to achieve this investment objective by investing in a portfolio of commercial real estate debt instruments.

All investments are subject to certain risks.  The risks associated with private debt and other private asset investments involve a high degree of risk, may be considered speculative and are suitable only for accredited investors who can afford to risk the loss of all or substantially all of such investment. Less information may be available with respect to private investments and such investments offer limited liquidity. Complete information relating to the Fund, including risk factors, is contained in the Offering Documents. The information in this document is subject to change without notice, as such, only the most recent Offering Documents should be relied upon for information on the Fund.

The returns of the Fund are not guaranteed, the value of units of the Fund may change frequently and past performance may not be repeated and is not indicative of future results. Returns may increase or decrease as a result of currency/exchange rate fluctuations.

Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

Distributions are not guaranteed and the proportion of income and return of capital will fluctuate depending on fund returns. Unlike fixed-income securities, there is no obligation to distribute any fixed amount, and reductions in, or suspensions of, distributions may occur that would reduce yield. Distributions are not an indication of performance, rate of return, or yield. Mutual fund distributions are not guaranteed and are set and may change at the discretion of Franklin Templeton Investments Canada.

Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. The gross of fees version of Series F does not exist and as a result, investors cannot purchase Series F securities on a gross of fees basis. Performance would have been lower with fees taken into account. 

Series O investors do not pay any of the management fees within the fund but instead pay a separate management and administration fee that they negotiate directly with Franklin Templeton Canada. To qualify to purchase or hold Series O units an investor must meet minimum investment requirements as set out in the fund's current prospectus. For more details on the management and administration fee, please read the prospectus. Performance is presented in Canadian dollars and is gross of fees (before management and custodial fees) of Series O units of the Fund. Taking into account such fees would result in lower rates of return. 

Franklin BSP Real Estate Debt Fund is sold pursuant to the Offering Memorandum exemptions to qualified Canadian investors. Each investor must therefore qualify for an Offering Memorandum exemption in their jurisdiction of residence. Generally, this requires that an investor qualify as an "accredited investor" (as defined in securities legislation) and purchase the Fund as principal.

Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.

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