---
title: "FBRT: Directors elected and below-NAV stock issuance approved; all governance steps completed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290619373.md"
description: "The meeting approved the election of two Class III directors and authorized the issuance of up to 25% of common stock below NAV, with all voting procedures and governance protocols followed. No additional shareholder proposals were presented.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-06-23T23:44:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290619373.md)
  - [en](https://longbridge.com/en/news/290619373.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290619373.md)
generator: "portal-rs"
---

# FBRT: Directors elected and below-NAV stock issuance approved; all governance steps completed

The meeting approved the election of two Class III directors and authorized the issuance of up to 25% of common stock below NAV, with all voting procedures and governance protocols followed. No additional shareholder proposals were presented.

Based on 

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**