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

Rhea-AI Summary

Lument Finance Trust (NYSE: LFT) has declared a cash dividend of $0.06 per share for the first quarter of 2023, payable on April 17, 2023, to stockholders on record as of March 31, 2023. Additionally, a cash dividend of $0.4921875 per share will be paid to holders of the 7.875% Cumulative Redeemable Series A Preferred Stock, also on April 17, 2023, for those on record by April 3, 2023. The company specializes in investing and managing commercial real estate debt, focusing on transitional floating rate mortgage loans primarily in mid-market multi-family assets.

Positive

• Quarterly cash dividend of $0.06 per share for common stock enhances shareholder income.
• Cash dividend of $0.4921875 per share for Series A Preferred Stock adds value for preferred shareholders.

Negative

• None.

NEW YORK, March 16, 2023 /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 first quarter of 2023. The dividend is payable on April 17, 2023, to common stockholders of record as of the close of business on March 31, 2023.

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 April 17, 2023, to preferred stockholders of record as of the close of business April 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 Lument Investment Management, LLC, 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.

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SOURCE Lument Finance Trust, Inc.

FAQ

What is the dividend amount declared by LFT for Q1 2023?

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

When is the dividend payment date for LFT's common stock?

The dividend is payable on April 17, 2023.

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

The dividend amount is $0.4921875 per share.

When will LFT pay the dividend for its Series A Preferred Stock?

The payment date is April 17, 2023.

Who is eligible for LFT's cash dividend on common stock?

Stockholders of record as of March 31, 2023, are eligible.

Who qualifies for LFT's dividend on Series A Preferred Stock?

Preferred stockholders of record as of April 3, 2023, will receive the dividend.