Lument Finance Trust Completes 1-for-10 Reverse Stock Split

What Happened

• Lument Finance Trust, Inc. (LFT) filed a Form 8-K (dated Sept 14, 2026) reporting that it completed a 1-for-10 reverse stock split of its common stock, effective at 5:00 p.m. ET on September 9, 2026. The company also filed a second amendment to reduce the common stock par value back to $0.01 per share effective 5:01 p.m. ET on September 9, 2026. A press release announcing the completion was issued on September 9, 2026.

Key Details

• Reverse split ratio: 1-for-10 of issued and outstanding common shares, effective Sept 9, 2026 at 5:00 p.m. ET.
• Fractional shares: No fractional shares will be issued; holders otherwise entitled to fractional shares will receive cash in lieu at $6.959 per fractional share.
• Par value change: Par value became $0.10 per share as a result of the split and was reduced back to $0.01 per share effective 5:01 p.m. ET on Sept 9, 2026.
• Trading and CUSIP: Common stock continues to trade on the NYSE under the symbol "LFT"; post-split trading begins Sept 10, 2026 under new CUSIP 55025L306.
• Ownership impact: The reverse split applied uniformly and did not change any holder’s percentage ownership except for de minimis differences from elimination of fractional shares.

Why It Matters

• The reverse split consolidates Lument’s outstanding shares on a 1-for-10 basis, which changes the per-share count and can affect per-share metrics (e.g., earnings per share) while preserving each holder’s percentage ownership (aside from cash-outs for fractional shares). Retail investors holding odd lots may receive cash for fractional positions at $6.959 per fractional share. The company’s shares will continue trading under the same ticker (LFT) but with a new CUSIP beginning Sept 10, 2026.