Lument Finance Trust, Inc. (NYSE: LFT) announced the completion of a 1-for-10 reverse stock split of its common stock following the close of business on September 9, 2026. The transaction reduced the number of outstanding shares from 52,564,062 to approximately 5,256,400. As a result of the split, every ten issued shares were converted into one share.
Following the close of business on September 9, 2026, the Company filed Articles of Amendment with the Maryland State Department of Assessments and Taxation to implement the split. The amendments also adjusted the par value of the common stock from $0.10 per share to $0.01 per share, effective at 5:01 p.m. Eastern Time on September 9, 2026.
Stockholders of record will receive information from Equiniti Trust Company, LLC, the Company’s transfer agent, regarding their updated stock ownership and any applicable payments for fractional shares. The reverse split applied uniformly to all outstanding shares and did not alter any stockholder's relative ownership percentage or proportional voting power, aside from de minimis changes resulting from cash payments in lieu of fractional shares.
The common stock will continue to trade on the New York Stock Exchange under the symbol "LFT" starting on September 10, 2026. The post-split shares will be identified by a new CUSIP number: 55025L306.
