Highest-materiality recent filing
Lument Finance Trust receives NYSE non-compliance notice for share price below $1.00
NYSE notified LFT that average closing price of common stock was below $1.00 over 30 consecutive trading days.
LFT Q4 GAAP net loss $8.9M; full year net loss $7.5M; declares $0.04/sh dividend
GAAP net loss attributable to common shareholders for Q4 2025: $(8.9)M ($0.17/sh); full year: $(7.5)M ($0.14/sh).
LFT closes $664M CRE CLO with $585M notes sold; declares $0.04/share dividend
Closed $663.8M CRE CLO with $585M investment-grade notes sold to institutional investors on a non-recourse basis.
Lument prices $663.8M CLO, redeems $436.4M prior CLO, buys $135.6M mortgage assets.
Priced LMNT 2025-FL3 CRE-CLO at $663.8M, with 88.1% advance rate and weighted average interest of Term SOFR +1.91%.
Lument Finance Trust Declares $0.06 Common and $0.4921875 Preferred Dividends
Declared Q2 2025 common dividend of $0.06 per share, payable July 15, 2025 to holders of record June 30, 2025.
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).
Lument Finance Trust raises quarterly common dividend 14% to $0.08/share
Common dividend increased from $0.07 to $0.08 per share, a 14% sequential increase.
LFT raises quarterly common dividend 17% to $0.07 per share
Declared $0.07/share common dividend for Q3 2023, up from $0.06 in Q2 (17% increase).
Lument Finance Trust closes $386.4M CRE financing; fourth CLO transaction
Closed $386.4M LMF 2023-1 Financing collateralized by 25 first-lien floating-rate mortgage loans on 32 multifamily properties.
President Michael P. Larsen resigns; board adopts stock-for-fees program for independent directors
Michael P. Larsen resigned as President effective April 18, 2023; no successor named.
Lument Finance Trust Q4 distributable earnings $3.3M ($0.06/share); GAAP NI $0.9M ($0.02/share)
Distributable earnings of $3.3M ($0.06/share) for quarter ended Dec 31, 2022.
Q4 net income $2.5M ($0.10/sh); distributable earnings $2.6M ($0.11/sh).
Raised $83.5M gross from issuance of 27,277,269 shares at $3.06/share in transferable rights offering.
Q4 2021 net income attributable to common: $2.2M-$2.7M ($0.09-$0.11/sh); Distributable Earnings $2.5M-$3.0M ($0.10-$0.12/sh).
Lument Finance Trust commences rights offering for up to 37.4M common shares at a discount
Record date stockholders receive 1.5 rights per share held; rights listed as LFTRT on NYSE.
Lument Finance Trust announces transferable rights offering for up to 37.4M shares at 92.5% of VWAP
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.
On March 18, 2025, the Board appointed Greg D. Calvert, age 59, as President of the Company, effective as of May 1, 2025.
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.
The Board of Directors (the “Board”) of Lument Finance Trust, Inc. (the “Company”) appointed Mr. James J. Henson, age 70, as President of the Company effective as of May 22, 2023.
Mr. Henson is replacing Mr. James Flynn as President of the Company. Mr. Flynn will continue to serve as the Company’s Chairman and Chief Executive Officer.
Resignation of President Effective April 18, 2023, Michael P. Larsen, age 44, President of Lument Finance Trust, Inc. (the “Company”) since January 2018, ceased to be and resigned as President of the Company, as well as all positions with any subsidiary entities of the Company.
Max materiality 0.80 · Median 0.50 · Most common event earnings