Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock

Rhea-AI Summary

Lument Finance Trust (LFT) declared a cash dividend of $0.06 per share for its common stock for Q3 2022, payable on January 17, 2023. The record date is set for December 30, 2022. Additionally, LFT announced a dividend of $0.4921875 per share for its Series A Preferred Stock, also payable on January 17, 2023, with a record date of January 3, 2023. The company focuses on investing in commercial real estate debt, primarily transitional floating rate commercial mortgage loans.

Positive

• Cash dividend of $0.06 per share for common stock indicates shareholder value.
• Series A Preferred Stock dividend of $0.4921875 shows commitment to preferred shareholders.

Negative

• None.

NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("LFT" or the "Company") announced the declaration of a cash dividend of $0.06 per share of common stock with respect to the third quarter of 2022. The dividend is payable on January 17, 2023, to common stockholders of record as of the close of business on December 30, 2022.

The Company also announced the declaration of a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock. The dividend is payable on January 17, 2023, to preferred stockholders of record as of the close of business January 3, 2023.

About LFT

LFT 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. LFT is externally managed and advised by OREC Investment Management, LLC d/b/a Lument Investment Management, a Delaware limited liability company.

Forward Looking Statements

Certain statements included in this press release 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. 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. Forward-looking statements are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company 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 should consider carefully the factors described in Part I, Item IA "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, which is available on the SEC's website at www.sec.gov, and in other current or periodic filings with the 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 the Company's control.  Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

IR Contact:
Charles Duddy
Managing Director
(646) 248-0174 | charles.duddy@lument.com

 

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SOURCE Lument Finance Trust, Inc.

FAQ

What is the dividend amount for LFT's common stock?

LFT declared a cash dividend of $0.06 per share for its common stock.

When is the dividend for LFT's common stock payable?

The dividend is payable on January 17, 2023.

What is the record date for LFT's common stock dividend?

The record date is December 30, 2022.

What is the dividend amount for LFT's Series A Preferred Stock?

The dividend for Series A Preferred Stock is $0.4921875 per share.

When is the dividend for LFT's Series A Preferred Stock payable?

It is payable on January 17, 2023.

What is the record date for LFT's Series A Preferred Stock dividend?

The record date is January 3, 2023.