Lument Finance Trust, Inc. Declares Quarterly Cash Dividend, Payable on January 16, 2024
December 12, 2023 at 04:45 pm EST
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Lument Finance Trust, Inc. announced the declaration of a cash dividend of $0.07 per share of common stock with respect to the fourth quarter of 2023. The dividend is payable on January 16, 2024, to common stockholders of record as of the close of business on December 29, 2023.
Lument Finance Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, originating, financing and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests or originates in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The Company also invests in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments. It finances its investments in transitional multifamily and other CRE loans primarily through matched-term non-recourse secured borrowings, including collateralized loan obligations (CLO). Its mortgage loan investment portfolio consists of approximately 88 senior secured floating rate loans with an aggregate unpaid principal balance of $1.4 billion. The Company is externally managed by its manager, Lument Investment Management, LLC.
LUMENT FINANCE TRUST, INC. 
