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Lument Finance Trust Reports Second Quarter 2026 Results and Announces Reverse Stock Split

LFT
  • Lument Finance Trust, Inc. reported a GAAP net loss of $9.2 million ($0.18 per share) for the second quarter of 2026.
  • The company reported a Distributable Loss of $5.3 million ($0.10 per share) for the same period.
  • The Board of Directors unanimously approved a 1-for-10 reverse stock split to regain NYSE compliance & support an efficient trading market.
  • The reverse stock split will become effective at 5:00 pm ET on September 9, 2026.
  • Trading on a split-adjusted basis will begin on September 10, 2026, under the ticker symbol "LFT" with a new CUSIP number 55025L306.
  • The split is expected to reduce outstanding shares from approximately 52.5 million to 5.3 million shares.
  • Fractional shares will not be issued; holders will receive cash in lieu of fractional shares.
  • Book-entry stockholders will have positions automatically adjusted without requiring action.
  • A conference call to discuss results will be held on August 14, 2026, at 8:30 am ET.
  • Distributable Earnings is a non-GAAP measure excluding non-cash items, unrealized gains/losses, & one-time events to better reflect dividend capability.
  • The GAAP net loss reconciles to a Distributable Loss of $5.28 million after adjustments for realized losses, unrealized MSR losses, & credit loss provisions.