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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): September 14, 2023
LUMENT FINANCE TRUST, INC.
(Exact name of registrant as specified in its charter)
Maryland |
001-35845 |
45-4966519 |
(State or other
jurisdiction of
incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
230 Park Avenue, 20th
Floor
New York, New York 10169
(Address of principal executive offices)
(212) 317-5700
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, $0.01 par value per share |
|
LFT |
|
New York Stock Exchange |
7.875% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share |
|
LFTPrA |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 7.01 |
Regulation FD Disclosure. |
On September 14, 2023, LFT issued a press release
announcing the declaration of a cash dividend of $0.07 per share of common stock, as further described in the dividend press release.
LFT also announced a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock, as further described
in the dividend press release. A copy of the dividend press release is furnished herewith as Exhibit 99.1 to this Form 8-K.
The information disclosed under this Item 7.01,
including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange
Act, except as shall be expressly set forth by specific reference in such a filing
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
LUMENT Finance Trust, Inc. |
|
|
|
|
|
Date: September 14, 2023 |
By: |
/s/ James A. Briggs |
|
|
James A. Briggs |
|
|
Chief Financial Officer |
Exhibit 99.1
Lument Finance Trust,
Inc. Announces Quarterly Common Stock Dividend Increase
New York, NY, September
14, 2023/PRNewswire – Lument Finance Trust, Inc. (NYSE: LFT) (“LFT” or the “Company”)
announced the declaration of a cash dividend of $0.07 per share of common stock with respect to the third quarter of 2023, which represents
a 17% increase over the second quarter of 2023 dividend of $0.06 per share. The dividend is payable on October 16, 2023 to common stockholders
of record as of the close of business on September 29, 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 October 16, 2023 to preferred stockholders of record as of the close of business October 2, 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.
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, 2022, 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.
Investor Relations
Contact:
James Briggs
Chief Financial Officer
(212) 521-6323
james.briggs@lument.com
Media Contact:
Tyler Howard
Associate Director
(513) 403-1911
tyler.howard@lument.com
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