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.