SCHEDULE: Bank of America Discloses Franklin Street Properties Stake

Bank of America Corporation has updated its beneficial ownership filing for Franklin Street Properties Corp. (FSP), reporting a 4.7% stake.

Summary

• Bank of America Corporation (BofA) has filed an amendment to its Schedule 13G, reporting beneficial ownership of Franklin Street Properties Corp. (FSP) common stock.
• The filing indicates that BofA, along with its subsidiaries BofA Securities, Inc., Bank of America N.A., and Merrill Lynch International, collectively beneficially own 4,882,693 shares of FSP's common stock.
• This represents approximately 4.7% of the class of securities outstanding.
• The filing is an amendment (Amendment No. 1) and the event date requiring the filing is September 30, 2026.
• The beneficial ownership calculation is based on 104,011,708 outstanding shares as of July 23, 2026, as disclosed in FSP's Form 10-Q filed on July 28, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership by a financial institution, with no new strategic or financial performance information.

Positives

• Bank of America Corporation has disclosed its beneficial ownership, providing transparency to the market regarding its holdings in Franklin Street Properties Corp.

Negatives

• The filing does not contain any new financial performance data or strategic updates for Franklin Street Properties Corp., making it purely an informational disclosure from a large shareholder.

Risks

• The filing itself does not introduce new risks to Franklin Street Properties Corp. However, the concentration of ownership by a large financial institution could influence future corporate actions or strategic decisions, the implications of which are not detailed here.

Future Outlook

This filing is an update on beneficial ownership and does not contain forward-looking statements or guidance regarding Franklin Street Properties Corp.'s future performance.

Management Comments

• "The beneficial ownership calculation relies on the 104,011,708 outstanding shares disclosed in the Form 10-Q by the issuer on July 28, 2026, which reports share totals as of July 23, 2026."
• "This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); and Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J)."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine for large financial institutions that acquire significant stakes in public companies. This filing indicates Bank of America's role as a substantial, but not controlling, shareholder in Franklin Street Properties Corp., a real estate investment trust (REIT).

Comparison to Industry Standards

• This filing is a standard disclosure under SEC rules for beneficial ownership exceeding 5% (or a lower threshold depending on the filer's status).
• The 4.7% ownership by Bank of America is a common stake for institutional investors and does not, in itself, deviate from typical industry practices for asset managers or large banks holding diversified portfolios.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional holder's stake, which could be a factor in market perception, though the filing itself does not indicate any immediate strategic shift.
• Creditors: No direct impact as this is an ownership disclosure, not a financial performance report.
• Employees: No direct impact indicated by this filing.
• Suppliers/Customers: No direct impact indicated by this filing.

Next Steps

• Bank of America Corporation will continue to hold its shares in Franklin Street Properties Corp. and will be required to file amendments to Schedule 13G if its beneficial ownership changes significantly.

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, Franklin Street Properties, Bank of America, FSP, Investment Holding, Securities Exchange Act