NEW
YORK, Sept. 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
https://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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lument-finance-trust-inc-announces-quarterly-common-stock-dividend-increase-301928535.html
SOURCE Lument Finance Trust, Inc.
