NEW YORK, Sept. 14, 2023 /PRNewswire/ — Lument Finance Trust, Inc.┬á(NYSE:┬áLFT) (“LFT” or the “Company”) is pleased to announce the declaration of a cash dividend of $0.07 per share of common stock for the third quarter of 2023, representing a considerable 17% increase over the second quarter of 2023 dividend of $0.06 per share. This dividend will be paid to common stockholders of record as of the close of business on September 29, 2023, and it will be payable on October 16, 2023.

Furthermore, the Company is also pleased to declare a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock. This dividend will be paid to preferred stockholders of record as of the close of business October 2, 2023. Identical to the common stock dividend, it will also be payable on October 16, 2023.

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LFT is a Maryland corporation that focuses on investing in, financing, and managing a portfolio of commercial real estate debt investments. The Company primarily targets transitional floating rate commercial mortgage loans, with an emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, LLC, a Delaware limited liability company.

For investors, security holders, and other interested parties seeking more information about Lument Finance Trust, additional resources are available. The Securities and Exchange Commission’s (SEC) website, www.sec.gov, provides an array of details regarding the Company. Additionally, interested parties can visit the Company’s official website at www.lumentfinancetrust.com or direct any inquiries to Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations.

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The press release contains forward-looking statements that are subject to risks and uncertainties. These statements are intended to qualify for the safe harbor contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements can be identified through the use of words such as “believe,” “expect,” “anticipate,” “project,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “will,” “seek,” “would,” “could,” or similar expressions or terms. Such statements are based on the Company’s beliefs, assumptions, and expectations of its future performance, taking into account all information available. However, actual results may differ from expectations, estimates, and projections.

It is important to exercise caution and consider the risks and uncertainties described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which can be found on the SEC’s website at┬áwww.sec.gov. Additionally, the Company encourages individuals to review other current or periodic filings with the SEC when evaluating these forward-looking statements. As forward-looking statements are subject to significant risks and uncertainties, many of which are beyond the control of the Company, it disclaims any intention or obligation to update or revise these statements, regardless of new information or future events.