Share: NEW YORK, April 26, 2021 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("LFT" or the "Company") today announced the launch of an underwritten public offering of shares of its Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") with a $25.00 per share liquidation preference. LFT expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series A Preferred Stock. LFT intends to use the net proceeds from this offering to make additional investments in target assets consistent with its investment strategy and for general corporate purposes. LFT intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol "LFTPrA."