NEW YORK, Dec. 18, 2020 /PRNewswire/ -- Hunt Companies
Finance Trust, Inc. (NYSE: HCFT) ("we", "HCFT" or "the
Company") announced the declaration of a cash dividend
of $0.090 per share of common stock with respect to the
fourth quarter of 2020, which represents a 6% increase over the
second quarter 2020 dividend of $0.085 per share and a 20% increase over the
fourth quarter 2019 dividend of $0.075 per share. This is the Company's
second consecutive quarterly dividend increase and is payable
on January 15, 2021 to stockholders of record as of the
close of business on December 31, 2020.
The Company also announced today that it will change its name to
Lument Finance Trust, Inc., effective December 28, 2020. In addition to the new
corporate name, the Company expects to change its ticker symbol on
the NYSE to "LFT" and anticipates that trading under the new name
and ticker symbol will commence on December
28, 2020. This name change is a result of the
rebranding of HCFT's manager, which occurred in October 2020, from "OREC Investment Management"
to "Lument Investment Management". The company has posted an
updated "Investor Overview" presentation that reflects the new
brand to its website.
With regards to the rebranding, James
Flynn, CEO of the Company, said, "We chose Lument, with its
associations with light and energy, to emphasize that our Manager
and its affiliated entities have the expertise, products,
resources, and most importantly, the drive and determination to
help guide our clients successfully, even during these uncertain
times. We look forward to further enhancing the scale of the
Company and generating shareholder value by leveraging Lument's
expansive originations, asset management, and servicing
platform."
Mr. William A. Houlihan, the Company's lead independent
director, stated, "We are encouraged by the Company's continued
partnership with ORIX USA and this
rebranding effort."
About HCFT
HCFT is a Maryland corporation focused on investing
in, financing and managing a portfolio of commercial real estate
debt investments. The Company primarily invests in
transitional floating rate commercial mortgage loans with an
emphasis on middle-market multi-family assets.
HCFT is externally managed and advised by OREC Investment
Management, LLC d/b/a Lument Investment Management, a Delaware limited liability company. For
additional information about OREC Investment Management, LLC d/b/a
Lument Investment Management, please see its Form ADV and brochure
(Part 2A of Form ADV) available
at https://www.adviserinfo.sec.gov.
About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a
subsidiary of ORIX Corporation USA
and is a leading national brand in commercial real estate finance.
As the combined organization of legacy industry experts Hunt Real
Estate Capital, Lancaster Pollard, and RED Capital Group, Lument
delivers a comprehensive set of capital solutions customized for
investors in multifamily, affordable housing, and seniors housing
and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie
Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a
suite of proprietary commercial lending, investment banking, and
investment management solutions. Lument has approximately 600
employees in over 25 offices across the
United States. Securities and investment banking services
are provided through OREC Securities, LLC, d/b/a Lument Securities,
member FINRA/SIPC. Investment advisory services are provided
through OREC Investment Management, LLC, d/b/a Lument Investment
Management, an investment adviser registered with the U.S.
Securities and Exchange Commission. For more information,
visit www.lument.com.
Additional Information and Where to Find It
Investors, security holders and other interested persons may
find additional information regarding the Company at the SEC's
Internet site at http://www.sec.gov/ or the
Company
website www.huntcompaniesfinancetrust.com or by
directing requests to: Hunt Companies Finance Trust, 230 Park
Avenue, 19th Floor, New York, NY 10169, Attention:
Investor Relations.
Forward-Looking Statements
Certain statements included in this press release, any related
webcast / conference call, and other oral statements made by our
representatives from time to time may constitute forward-looking
statements 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 are subject to risks and uncertainties. These
forward-looking statements include information about possible or
assumed future results of our business, financial condition,
liquidity, results of operations, plans and objectives. You can
identify forward-looking statements by use of words such as
"believe," "expect," "anticipate," "project," "estimate," "plan,"
"continue," "intend," "should," "may," "will," "seek," "would,"
"could," or similar expressions or other comparable terms, or by
discussions of strategy, plans or intentions. Statements regarding
the following subjects, among others, may be forward-looking: the
return on equity; the yield on investments; the ability to borrow
to finance assets; and risks associated with investing in real
estate assets, including changes in business conditions and the
general economy. Forward-looking statements are based on our
beliefs, assumptions and expectations of our future performance,
taking into account all information currently available to us on
the date of this press release or the date on which such statements
are first made. Actual results may differ from expectations,
estimates and projections. You are cautioned not to place undue
reliance on forward-looking statements in this press release and/or
any related webcast / conference call and should consider carefully
the factors described in Part I, Item IA "Risk Factors" in our
annual reports on Form 10-K, our quarterly reports on Form 10-Q,
and other current or periodic filings with the Securities and
Exchange Commission ("SEC"), when evaluating these forward-looking
statements. Forward-looking statements are subject to substantial
risks and uncertainties, many of which are difficult to predict and
are generally beyond our control. Additionally, many of these
risks and uncertainties are currently amplified by and will
continue to be amplified by, or in the future may be amplified by,
the COVID-19 outbreak. Additional information concerning these and
other risk factors are contained in our 2019 10-K and Form 10-Q for
the quarter ended September 30, 2020,
which are available on the Securities and Exchange Commission's
website at www.sec.gov. Except as required by
applicable law, we disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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SOURCE Hunt Companies Finance Trust, Inc.