PR Newswire·Sep 18, 2026, 5:00 PM ET

Lument Finance Trust Suspends Common Stock Dividend, and Declares Q3 Preferred Stock Dividend

Lument Finance Trust, Inc. announced the suspension of its quarterly common stock dividend starting with the third quarter payment scheduled for October 2026.
The Board decided to preserve capital & maintain financial flexibility, believing this aligns with the Company's best interests & stockholders.
The Company paid two regular quarterly dividends in the first half of 2026 totaling $0.08 per share on a pre-reverse split basis, which exceeded REIT taxable income for that period.
Current expectations indicate total 2026 distributions will exceed REIT taxable income distribution requirements, removing the need for additional common stock payouts this year.
Chairman & CEO James Flynn stated retaining capital is a prudent action to manage the portfolio actively & support long-term value creation.
The Board will continue evaluating dividend policy based on portfolio performance, taxable income, liquidity, & capital requirements.
The Company declared a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock.
The preferred stock dividend is payable on October 15, 2026, to holders of record as of the close of business on October 1, 2026.
Lument Finance Trust is a Maryland corporation that invests primarily in transitional floating rate commercial mortgage loans focusing on middle-market multi-family assets.