Lument Finance Trust Announces Completion of Reverse Stock Split

Lument Finance Trust has consolidated its common shares 1-for-10, with trading on a post-split basis beginning September 10, 2026.

Rhea-AI Summary

Lument Finance Trust (LFT) completed its previously announced 1-for-10 reverse stock split of common stock after the close of business on September 9, 2026. The stock will continue trading on the NYSE under symbol LFT and will trade on a post-split basis with new CUSIP 55025L306 starting September 10, 2026.

The split converted every 10 shares into 1, reducing outstanding shares from 52,564,062 to approximately 5,256,400, with no material change to relative ownership or voting power.

News Explained

The completed reverse split did not issue fractional shares; holders otherwise entitled to them will receive cash in lieu, creating the stated de minimis exception to unchanged relative ownership and voting power.

Market Context

The Aug 13 reverse-split announcement had a -5.09% 24-hour reaction; this release confirmed completi...

Analysis

The Aug 13 reverse-split announcement had a -5.09% 24-hour reaction; this release confirmed completion of that same transaction and the transition to split-adjusted trading.

Key Figures

Reverse split ratio: 1-for-10 Post-split trading date: September 10, 2026 Outstanding shares before split: 52,564,062 shares +3 more

Reverse split ratio

1-for-10

Common stock reverse split

Post-split trading date

September 10, 2026

Trading under new CUSIP on a post-split basis

Outstanding shares before split

52,564,062 shares

Before the reverse stock split

Outstanding shares after split

approximately 5,256,400 shares

Following the reverse stock split

Cash in lieu of fractional shares

$6.959

Per fractional share equivalent

New CUSIP

55025L306

Effective for post-split trading

Historical Context

1 past event · Latest: Aug 13

1 event

1. Aug 13

   Reverse split announcement

   24h Move

   -5.1%

   Approved reverse split expected to reduce outstanding shares from approximately 52.5 million to 5.3 million

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, cusip, fractional share

3 terms

reverse stock split financial

"announced today that its previously announced 1-for-10 reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip regulatory

"will trade on a post-split basis under a new CUSIP number"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

fractional share financial

"No fractional shares of common stock will be or remain issued"

A fractional share is a portion of a single stock that is worth less than one full share, like owning a slice of a pizza instead of the whole pie. It lets investors buy and hold part of expensive stocks or spread small amounts of money across many companies, which helps with diversification and regular investing; dividends and price changes affect fractional shares proportionally, though some rights and trading rules can vary by provider.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Sept. 9, 2026 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") announced today that its previously announced 1-for-10 reverse stock split of common stock was completed following the close of business today. The Company's common stock will continue to trade on the New York Stock Exchange under the symbol "LFT" and, starting on September 10, 2026, will trade on a post-split basis under a new CUSIP number: 55025L306.

Following the close of business on September 9, 2026, every ten issued and outstanding shares of the Company's common stock were converted into one share of the Company's common stock. As a result of the reverse stock split, the number of outstanding shares of the Company's common stock was reduced from 52,564,062 to approximately 5,256,400.

No fractional shares of common stock will be or remain issued, and each stockholder otherwise entitled to a fractional share as a result of the reverse stock split will be entitled to receive in lieu of a fractional share cash in an amount equal to the fraction of a share multiplied by $6.959 The reverse stock split applied to all of the Company's outstanding shares of common stock and therefore did not affect any stockholder's relative ownership percentage or proportional voting power, except for de minimis changes resulting from the payment of cash in lieu of fractional shares.

Stockholders of record will receive information from Equiniti Trust Company, LLC, the Company's transfer agent ("Equiniti"), regarding their stock ownership following the reverse stock split and applicable payments of cash in lieu of fractional shares. Stockholders were not required to take any action to effectuate the exchange of their shares.

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 website at sec.gov, the Company website at lumentfinancetrust.com, or by directing requests to: Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lument-finance-trust-announces-completion-of-reverse-stock-split-302874329.html

SOURCE Lument Finance Trust, Inc.

FAQ

How were Lument Finance Trust shares converted in the reverse stock split?

Following the close of business on September 9, 2026, every ten issued and outstanding shares of Lument Finance Trust common stock were converted into one share of common stock. The reverse stock split applied to all outstanding common shares.

What happened to fractional shares resulting from the LFT reverse stock split?

No fractional shares will be or remain issued. Each stockholder otherwise entitled to a fractional share will receive cash instead, equal to the fraction of a share multiplied by $6.959.

Did the reverse stock split change stockholders’ ownership percentage in Lument Finance Trust?

The reverse stock split did not affect any stockholder’s relative ownership percentage or proportional voting power, other than de minimis changes arising from cash payments in lieu of fractional shares.

Do Lument Finance Trust stockholders need to take any action because of the reverse stock split?

Stockholders were not required to take any action to effectuate the exchange of their shares. Stockholders of record will receive information from Equiniti Trust Company, the transfer agent, about their post-split holdings and any cash paid in lieu of fractional shares.

When will LFT trade on a post-split basis and under what identifiers?

Lument Finance Trust common stock will continue to trade on the New York Stock Exchange under the symbol LFT and, starting on September 10, 2026, will trade on a post-split basis under the new CUSIP number 55025L306.