Lument Finance Trust announces transferable rights offering for up to 37.4M shares at 92.5% of VWAP

Lument Finance Trust, Inc.

Record date Jan 18; 1.5 rights per share; each right buys one share at 92.5% of 5-day VWAP ending Feb 11, floor $3.06.
Affiliate OREC Investment Holdings intends to oversubscribe up to $40M; Hunt Companies and directors also plan to oversubscribe.
Rights expected to trade on NYSE under 'LFTRT' from Jan 19 to Feb 10; subscription period ends Feb 11.
Proceeds to be used for new investments in target assets and general corporate purposes.
Wells Fargo Securities and JMP Securities act as dealer managers.

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