NEW YORK, Dec. 18, 2020 /PRNewswire/ — Hunt Companies Finance Trust, Inc. (NYSE: HCFT) (“we”, “HCFT” or “the Company”) announced the declaration of a hard cash dividend of $.090 for every share of typical stock with regard to the fourth quarter of 2020, which signifies a 6% raise in excess of the 2nd quarter 2020 dividend of $.085 for each share and a 20% maximize more than the fourth quarter 2019 dividend of $.075 for every share. This is the Company’s second consecutive quarterly dividend improve and is payable on January 15, 2021 to stockholders of history as of the shut of company on December 31, 2020.
The Firm also declared nowadays that it will adjust its identify to Lument Finance Belief, Inc., productive December 28, 2020. In addition to the new company title, the Firm expects to adjust its ticker symbol on the NYSE to “LFT” and anticipates that trading less than the new title and ticker symbol will begin on December 28, 2020. This identify change is a consequence of the rebranding of HCFT’s supervisor, which occurred in Oct 2020, from “OREC Investment decision Management” to “Lument Expense Management”. The organization has posted an current “Investor Overview” presentation that reflects the new manufacturer to its website.
With regards to the rebranding, James Flynn, CEO of the Enterprise, mentioned, “We chose Lument, with its associations with gentle and power, to emphasize that our Manager and its affiliated entities have the expertise, solutions, sources, and most importantly, the push and determination to assist guideline our customers effectively, even all through these uncertain occasions. We glance ahead to even more enhancing the scale of the Corporation and building shareholder price by leveraging Lument’s expansive originations, asset administration, and servicing system.”
Mr. William A. Houlihan, the Company’s guide unbiased director, stated, “We are inspired by the Company’s ongoing partnership with ORIX Usa and this rebranding work.”
About HCFT
HCFT is a Maryland corporation centered on investing in, financing and taking care of a portfolio of business genuine estate financial debt investments. The Organization generally invests in transitional floating fee commercial mortgage loans with an emphasis on center-industry multi-household belongings.
HCFT is externally managed and suggested by OREC Financial investment Management, LLC d/b/a Lument Expense Management, a Delaware confined legal responsibility firm. For extra facts about OREC Investment Management, LLC d/b/a Lument Expense Administration, be sure to see its Variety ADV and brochure (Component 2A of Type ADV) readily available at https://www.adviserinfo.sec.gov.
About Lument
ORIX Serious Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation United states of america and is a primary countrywide brand in business real estate finance. As the merged organization of legacy industry authorities Hunt Genuine Estate Money, Lancaster Pollard, and Pink Funds Group, Lument provides a in depth established of cash remedies custom made for buyers in multifamily, economical housing, and seniors housing and health care real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA loan provider. In addition, Lument offers a suite of proprietary professional lending, investment banking, and financial investment administration alternatives. Lument has around 600 workers in about 25 places of work across the United States. Securities and investment decision banking services are delivered by OREC Securities, LLC, d/b/a Lument Securities, member FINRA/SIPC. Expenditure advisory companies are provided by OREC Expenditure Administration, LLC, d/b/a Lument Investment Management, an financial commitment adviser registered with the U.S. Securities and Trade Fee. For more facts, pay a visit to www.lument.com.
Added Data and Exactly where to Find It
Buyers, stability holders and other intrigued people may locate more data regarding the Company at the SEC’s Internet web site at http://www.sec.gov/ or the Enterprise internet site www.huntcompaniesfinancetrust.com or by directing requests to: Hunt Businesses Finance Trust, 230 Park Avenue, 19th Ground, New York, NY 10169, Notice: Investor Relations.
Ahead-Wanting Statements
Certain statements involved in this press release, any related webcast / convention simply call, and other oral statements produced by our representatives from time to time may represent forward-hunting statements intended to qualify for the secure harbor contained in Portion 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Exchange Act, as amended. Ahead-searching statements are issue to challenges and uncertainties. These forward-wanting statements involve information and facts about probable or assumed foreseeable future final results of our organization, money ailment, liquidity, success of operations, ideas and objectives. You can identify forward-hunting statements by use of terms these kinds of as “believe,” “expect,” “anticipate,” “project,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “will,” “seek,” “would,” “could,” or comparable expressions or other equivalent terms, or by discussions of system, ideas or intentions. Statements with regards to the adhering to topics, amongst others, may be ahead-wanting: the return on equity the produce on investments the potential to borrow to finance belongings and threats related with investing in authentic estate property, like modifications in enterprise ailments and the typical financial system. Forward-hunting statements are based mostly on our beliefs, assumptions and anticipations of our upcoming functionality, taking into account all data at present accessible to us on the day of this press release or the date on which such statements are first built. Real benefits may possibly differ from anticipations, estimates and projections. You are cautioned not to place undue reliance on forward-searching statements in this press launch and/or any similar webcast / meeting simply call and ought to think about cautiously the components explained in Component I, Product IA “Risk Factors” in our once-a-year experiences on Type 10-K, our quarterly experiences on Form 10-Q, and other latest or periodic filings with the Securities and Exchange Commission (“SEC”), when assessing these forward-seeking statements. Forward-searching statements are topic to sizeable dangers and uncertainties, many of which are complicated to forecast and are usually over and above our control. Additionally, numerous of these pitfalls and uncertainties are currently amplified by and will continue on to be amplified by, or in the long term may well be amplified by, the COVID-19 outbreak. More data about these and other danger things are contained in our 2019 10-K and Type 10-Q for the quarter finished September 30, 2020, which are accessible on the Securities and Trade Commission’s web page at www.sec.gov. Apart from as required by relevant regulation, we disclaim any intention or obligation to update or revise any forward-searching statements, no matter if as a consequence of new information and facts, long run occasions or or else.
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