Investor Presentaiton

Overview of FBLC: Trailing 4 Quarters Financial Summary FV of Investments ($ in millions) FRANKLIN BSP LENDING CORP Net investment income ($ in millions) Debt yield! NII per share Dividend per share Special Dividend per share 9.8% 11.3% 11.8% 12.1% $0.14 $0.16 $0.17 $0.18 $0.13 $0.13 $0.13 $0.13 $0.02 $0.02 $0.02 $0.02 $42.0 $2,900.6 $2,905.7 $36.6 $38.3 $2,875.1 $30.9 $2,782.2 Q3 '22 Q4'22 Q1'23 Dividend Coverage (%)³ Q2 '23 Q3'22 Q4'22 140.1% 128.2% 123.7% 108.8% Q1'23 Q2'23 Net Debt/Equity2 0.71x 0.70x 0.70x 0.71x Q3 '22 Q4'22 Q1'23 Q2 '23 Q3'22 Q4'22 Q1'23 Q2'23 Source: SEC filings as of 08/11/2023. Notes: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ANY INVESTMENT INVOLVES SIGNIFICANT RISK, INCLUDING LOSS OF THE ENTIRE INVESTMENT. 1. Based on fair value and includes annual contractual interest rate of our portfolio investments and the requisite amortization of discounts and fees. Yields presented are debt-only yields and exclude Equity/Other, Collateralized Securities and FBLC Senior Loan Fund. 2. Net Debt/Equity Ratio is calculated as total debt less cash over Net Asset Value at the end of the period. 3. Dividend coverage excludes special dividend. BENEFIT STREET 16 PAR NERS

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