<SEC-DOCUMENT>0000902664-25-004416.txt : 20251015
<SEC-HEADER>0000902664-25-004416.hdr.sgml : 20251015
<ACCEPTANCE-DATETIME>20251015171346
ACCESSION NUMBER:		0000902664-25-004416
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251015
DATE AS OF CHANGE:		20251015

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN STREET PROPERTIES CORP /MA/
		CENTRAL INDEX KEY:			0001031316
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				042724223
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79072
		FILM NUMBER:		251395664

	BUSINESS ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
		BUSINESS PHONE:		7815571300

	MAIL ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN STREET PARTNERS LP
		DATE OF NAME CHANGE:	20010301

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Converium Capital Inc.
		CENTRAL INDEX KEY:			0002043653
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1250 RENE-LEVESQUE OUEST
		STREET 2:		SUITE 4030
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 4W8
		BUSINESS PHONE:		(514) 418-0201

	MAIL ADDRESS:	
		STREET 1:		1250 RENE-LEVESQUE OUEST
		STREET 2:		SUITE 4030
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 4W8
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0000902664-25-001603</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Converium Capital Inc. -->
          <cik>0002043653</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



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  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <dateOfEvent>10/15/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001031316</issuerCIK>
        <issuerCUSIP>35471R106</issuerCUSIP>
        <issuerName>FRANKLIN STREET PROPERTIES CORP /MA/</issuerName>
        <address>
          <com:street1>401 EDGEWATER PLACE</com:street1>
          <com:street2>STE 200</com:street2>
          <com:city>WAKEFIELD</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01880</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Converium Capital Inc.</personName>
          <personPhoneNum>(514) 418-0201</personPhoneNum>
          <personAddress>
            <com:street1>1250, boul. Rene-Levesque Ouest</com:street1>
            <com:street2>Suite 4030</com:street2>
            <com:city>Montreal</com:city>
            <com:stateOrCountry>A8</com:stateOrCountry>
            <com:zipCode>H3B 4W8</com:zipCode>
          </personAddress>
        </notificationInfo>
        <notificationInfo>
          <personName>Ele Klein &amp; Brandon Gold</personName>
          <personPhoneNum>(212) 756-2000</personPhoneNum>
          <personAddress>
            <com:street1>McDermott Will &amp; Schulte LLP</com:street1>
            <com:street2>919 Third Avenue</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10022</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002043653</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Converium Capital Inc.</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>6506414.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>6506414.00</sharedDispositivePower>
        <aggregateAmountOwned>6506414.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.3</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Aaron Stern</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
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        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>6506414.00</sharedDispositivePower>
        <aggregateAmountOwned>6506414.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.3</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.0001 per share</securityTitle>
        <issuerName>FRANKLIN STREET PROPERTIES CORP /MA/</issuerName>
        <issuerPrincipalAddress>
          <com:street1>401 EDGEWATER PLACE</com:street1>
          <com:street2>STE 200</com:street2>
          <com:city>WAKEFIELD</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01880</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The following constitutes Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed with the Securities and Exchange Commission on March 26, 2025 (as amended, the "Schedule 13D"). This Amendment No. 2 supplements Items 4 and 7 as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D.</commentText>
      </item1>
      <item4>
        <transactionPurpose>Following the resignation of Bruce Schanzer from the Board and pursuant to the terms of the Cooperation Agreement, Converium and the Issuer agreed to appoint Jennifer Bitterman ("Ms. Bitterman") to the Board as a Replacement Director (as defined in the Cooperation Agreement). In connection therewith, Converium and the Converium Funds entered into a letter agreement with the Issuer on October 15, 2025 (the "Letter Agreement"), setting forth the terms of Ms. Bitterman's appointment to the Board. The full text of the Letter Agreement is included as Exhibit 99.3 and is incorporated by reference herein.</transactionPurpose>
      </item4>
      <item7>
        <filedExhibits>Exhibit 99.3: Letter Agreement, dated October 15, 2025 (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the SEC on October 15, 2025).</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Converium Capital Inc.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Michael Rapps</signature>
          <title>Michael Rapps, Managing Partner</title>
          <date>10/15/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Aaron Stern</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Aaron Stern</signature>
          <title>Aaron Stern, individually</title>
          <date>10/15/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
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</DOCUMENT>
</SEC-DOCUMENT>
