Lument Finance Trust Reports 2023 Results and Declares Quarterly Dividends for Its Common and Preferred Stock

NEW YORK, March 15, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") today reported its fourth quarter and full year 2023 results. GAAP net income attributable to common shareholders for the fourth quarter was $3.8 million, or $0.07 per share of common stock, and for the full year was $15.0 million, or $0.29 per share of common stock.  Distributable earnings for the fourth quarter were $5.2 million, or $0.10 per share of common stock and for the full year was $13.3 million or $0.26 per share of common stock. The Company has also issued a detailed presentation of its results, which can be viewed at www.lumentfinancetrust.com.

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