PR Newswire·Sep 9, 2026, 5:15 PM ET

Lument Finance Trust Announces Completion of Reverse Stock Split

Lument Finance Trust, Inc. completed its 1-for-10 reverse stock split of common stock following the close of business on September 9, 2026.
The Company's stock continues to trade on the NYSE under the symbol "LFT" but will use new CUSIP number 55025L306 starting September 10, 2026.
Every ten outstanding shares were converted into one share, reducing the total count from 52,564,062 to approximately 5,256,400.
No fractional shares will be issued; stockholders entitled to fractions will receive cash equal to the fraction multiplied by $6.959.
The split did not affect stockholders' relative ownership percentages or proportional voting power, except for minor changes from cash payments.
Stockholders will receive ownership information & payment details from transfer agent Equiniti Trust Company, LLC without needing to take action.
LFT is a Maryland corporation focused on commercial real estate debt investments, primarily transitional floating rate loans for middle-market multi-family assets.
The Company is externally managed by Lument Investment Management, LLC.