Lument Finance Trust Q4 net income $3.6M ($0.07/share); declares $0.08 common dividend; President Henson to retire
Lument Finance Trust, Inc.
GAAP net income Q4 $3.6M ($0.07/share), full year $17.9M ($0.34/share); distributable earnings Q4 $5.4M ($0.10/share), full year $23.2M ($0.44/share).
Declares Q1 2025 common dividend of $0.08/share, payable Apr 15 to holders of record Mar 31; preferred dividend $0.4921875/share, payable Apr 15.
President James J. Henson resigns effective May 1, 2025; Board appoints Greg D. Calvert as President effective same date.
Calvert is co-chair of Investment Committee at external manager Lument Investment Management and has 35+ years commercial real estate finance experience.
On March 18, 2025, Mr. James J. Henson notified the Board of Directors (the “Board”) of the Company of his intention to resign as President of the Company, effective as of May 1, 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Greg D. Calvert was appointed as President at Lument Finance Trust, Inc..
Action
appointed
Role
President
Exact text from the filing
On March 18, 2025, the Board appointed Greg D. Calvert, age 59, as President of the Company, effective as of May 1, 2025.
James J. Henson resigned as President at Lument Finance Trust, Inc..
Action
resigned
Role
President
Exact text from the filing
On March 18, 2025, Mr. James J. Henson notified the Board of Directors (the “Board”) of the Company of his intention to resign as President of the Company, effective as of May 1, 2025.
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