NEW
YORK, June 13, 2024 /PRNewswire/ -- Lument
Finance Trust, Inc. (NYSE: LFT) ("LFT" or the "Company")
announced the declaration of a cash dividend of $0.08 per share of common stock with respect to
the second quarter of 2024, which represents a 14% increase over
the first quarter of 2024 dividend of $0.07 per share. The dividend is payable on
July 15, 2024, to common stockholders
of record as of the close of business on June 28, 2024.
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 July 15, 2024, to
preferred stockholders of record as of the close of business
July 1, 2024.
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.
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.lumentfinancetrust.com or by directing requests to: Lument
Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor
Relations.
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,
2023, 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.
