SplitAug 13, 2026, 05:12 PM
Lument Finance Trust Announces 1-for-10 Reverse Stock Split
AI Summary
Lument Finance Trust announced its Board of Directors unanimously approved a 1-for-10 reverse stock split of its common stock, effective September 9, 2026. This action is intended to regain compliance with New York Stock Exchange listing requirements and support an efficient public trading market. Concurrently, the company reported a GAAP net loss of $9.2 million, or $0.18 per share, and a Distributable Loss of $5.3 million, or $0.10 per share, for the second quarter of 2026. The company also declared a cash dividend of $0.04 per share of common stock.
Key Highlights
- Board approved a 1-for-10 reverse stock split of common stock.
- Reverse stock split effective September 9, 2026, to regain NYSE compliance.
- Shares outstanding to reduce from ~52.5 million to ~5.3 million.
- Q2 2026 GAAP net loss attributable to common shareholders was $9.2 million, or $0.18 per share.
- Q2 2026 Distributable Loss was $5.3 million, or $0.10 per share.
- Declared a cash dividend of $0.04 per share of common stock.
- Book Value Per Share of Common Stock was $2.76 as of June 30, 2026.
- Loan fundings of $91.0 million and loan payoffs of $184.0 million during the quarter.
Price Impact
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