Lument Finance Trust commences rights offering for up to 37.4M common shares at a discount

Lument Finance Trust, Inc.

Record date stockholders receive 1.5 rights per share held; rights listed as LFTRT on NYSE.
Subscription price set at 92.5% of 5-day VWAP, floor of $3.06 (70% of Sept 2021 book value).
Affiliate of manager intends to invest up to $40M via over-subscription privilege.
Rights exercisable from Jan 19 to Feb 11, 2022; estimated price $3.58 per share.
Company expects offering to provide growth capital, improve operating scale and expense efficiencies.

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