Lument Finance Trust grants OREC board designation right while OREC holds ≥5% stake

Lument Finance Trust, Inc.

OREC IH (affiliate of external manager) may designate board nominee; Marie D. Reynolds nominated for June 15, 2022 annual meeting.
OREC holds 14.3M shares (~$40M investment from Jan 2022 rights offering).
Right expires when OREC beneficial ownership falls below 5%.
Company agrees to include CEO of Manager in board slate at each election.

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