NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Hunt Companies
Finance Trust, Inc. (NYSE: HCFT) ("we", "HCFT" or "the
Company") today announced the declaration of a one-time special
cash dividend of $0.04 per share of common stock due to
real estate investment trust tax considerations. This
distribution is payable on January 15, 2021 to
stockholders of record as of the close of business on December
31, 2020. Combined with the Company's previously declared
$0.09 per share regular dividend for
Q4 2020, shareholders of record as of the close of business on
December 31, 2020 will receive a
total distribution of $0.13 per share
of common stock.
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.
The Company previously announced 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.
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.