Hunt Companies Finance Trust Announces Special Cash Dividend Distribution
Hunt Companies Finance Trust (HCFT) declared a one-time special cash dividend of $0.04 per share due to REIT tax considerations, payable on January 15, 2021. This special dividend, combined with the previously announced $0.09 regular dividend for Q4 2020, results in a total distribution of $0.13 for shareholders on record as of December 31, 2020. Additionally, HCFT plans to change its name to Lument Finance Trust and its ticker symbol to LFT, effective December 28, 2020.
- Declaring a special cash dividend of $0.04 per share showcases financial strength and management's commitment to returning value to shareholders.
- The total dividend distribution of $0.13 per share reflects robust cash flow management.
- None.
NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Hunt Companies Finance Trust, Inc. (NYSE: HCFT) ("we", "HCFT" or "the Company") today announced the declaration of a one-time special cash dividend of
About HCFT
HCFT is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate debt investments. The Company primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets.
HCFT is externally managed and advised by OREC Investment Management, LLC d/b/a Lument Investment Management, a Delaware limited liability company. For additional information about OREC Investment Management, LLC d/b/a Lument Investment Management, please see its Form ADV and brochure (Part 2A of Form ADV) available at https://www.adviserinfo.sec.gov.
The Company previously announced that it will change its name to Lument Finance Trust, Inc., effective December 28, 2020. In addition to the new corporate name, the Company expects to change its ticker symbol on the NYSE to "LFT" and anticipates that trading under the new name and ticker symbol will commence on December 28, 2020.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's Internet site at http://www.sec.gov/ or the Company website www.huntcompaniesfinancetrust.com or by directing requests to: Hunt Companies Finance Trust, 230 Park Avenue, 19th Floor, New York, NY 10169, Attention: Investor Relations.
Forward-Looking Statements
Certain statements included in this press release, any related webcast / conference call, and other oral statements made by our representatives from time to time may constitute forward-looking statements intended to qualify for the safe harbor contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. You can identify forward-looking statements by use of words such as "believe," "expect," "anticipate," "project," "estimate," "plan," "continue," "intend," "should," "may," "will," "seek," "would," "could," or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us on the date of this press release or the date on which such statements are first made. Actual results may differ from expectations, estimates and projections. You are cautioned not to place undue reliance on forward-looking statements in this press release and/or any related webcast / conference call and should consider carefully the factors described in Part I, Item IA "Risk Factors" in our annual reports on Form 10-K, our quarterly reports on Form 10-Q, and other current or periodic filings with the Securities and Exchange Commission ("SEC"), when evaluating these forward-looking statements. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond our control. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 outbreak. Additional information concerning these and other risk factors are contained in our 2019 10-K and Form 10-Q for the quarter ended September 30, 2020, which are available on the Securities and Exchange Commission's website at www.sec.gov. Except as required by applicable law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View original content to download multimedia:http://www.prnewswire.com/news-releases/hunt-companies-finance-trust-announces-special-cash-dividend-distribution-301197058.html
SOURCE Hunt Companies Finance Trust, Inc.
FAQ
What is the dividend amount declared by HCFT?
When is the dividend payable?
Who is eligible to receive the dividend?
What is the new ticker symbol for HCFT?
What is the reason for the special dividend by HCFT?
