Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock and Announces Special Cash Dividend Distribution

Rhea-AI Summary

Lument Finance Trust (NYSE: LFT) has declared multiple dividend distributions. The company announced a regular quarterly cash dividend of $0.08 per common share for Q4 2024, along with a one-time special dividend of $0.09 per common share due to REIT tax considerations. Both dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.

Additionally, LFT declared a dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on January 15, 2025, to preferred stockholders of record as of January 2, 2025.

Positive

• Regular quarterly dividend maintained at $0.08 per common share
• Additional special dividend of $0.09 per common share announced
• Consistent preferred stock dividend payment of $0.4921875 per share

Negative

• None.

NEW YORK, Dec. 12, 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 fourth quarter of 2024.  The Company also announced the declaration of a one-time special cash dividend of $0.09 per share of common stock due to real estate investment trust tax considerations.  These dividends are payable on January 15, 2025, to common stockholders of record as of the close of business on December 31, 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 January 15, 2025 to preferred stockholders of record as of the close of business January 2, 2025.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lument-finance-trust-inc-declares-quarterly-cash-dividends-for-its-common-and-preferred-stock-and-announces-special-cash-dividend-distribution-302330846.html

SOURCE Lument Finance Trust

FAQ

What is LFT's Q4 2024 dividend amount and payment date?

LFT's Q4 2024 regular dividend is $0.08 per common share, payable on January 15, 2025, to stockholders of record as of December 31, 2024.

How much is LFT's special dividend for 2024?

LFT announced a special dividend of $0.09 per common share, payable on January 15, 2025.

What is the dividend amount for LFT's Series A Preferred Stock?

LFT's Series A Preferred Stock dividend is $0.4921875 per share, payable on January 15, 2025.

Why is LFT paying a special dividend in 2024?

LFT is paying a special dividend of $0.09 per share due to real estate investment trust (REIT) tax considerations.

What is the total dividend payout for LFT common shareholders in Q4 2024?

The total dividend payout for Q4 2024 is $0.17 per share, consisting of a $0.08 regular dividend and a $0.09 special dividend.