Hunt Firms Finance Trust Announces Dividend Increase and Identify Change to Lument Finance Belief
5 min readNEW YORK, Dec. 18, 2020 /PRNewswire/ — Hunt Organizations Finance Have faith in, Inc. (NYSE: HCFT) (“we”, “HCFT” or “the Business”) introduced the declaration of a money dividend of $.090 per share of popular stock with respect to the fourth quarter of 2020, which signifies a 6% improve around the next quarter 2020 dividend of $.085 for each share and a 20% raise in excess of the fourth quarter 2019 dividend of $.075 for each share. This is the Firm’s 2nd consecutive quarterly dividend improve and is payable on January 15, 2021 to stockholders of document as of the shut of enterprise on December 31, 2020.
The Firm also declared nowadays that it will alter its name to Lument Finance Have confidence in, Inc., effective December 28, 2020. In addition to the new corporate identify, the Organization expects to alter its ticker image on the NYSE to “LFT” and anticipates that trading less than the new identify and ticker image will begin on December 28, 2020. This title modify is a end result of the rebranding of HCFT’s supervisor, which happened in Oct 2020, from “OREC Investment decision Management” to “Lument Expense Administration”. The enterprise has posted an up to date “Investor Overview” presentation that reflects the new brand name to its website.
With regards to the rebranding, James Flynn, CEO of the Corporation, stated, “We chose Lument, with its associations with mild and vitality, to emphasize that our Manager and its affiliated entities have the skills, goods, means, and most importantly, the generate and willpower to assist tutorial our clientele efficiently, even all through these unsure moments. We glimpse ahead to even more maximizing the scale of the Organization and creating shareholder worth by leveraging Lument’s expansive originations, asset administration, and servicing platform.”
Mr. William A. Houlihan, the Company’s direct independent director, mentioned, “We are encouraged by the Company’s ongoing partnership with ORIX Usa and this rebranding hard work.”
About HCFT
HCFT is a Maryland corporation concentrated on investing in, funding and taking care of a portfolio of professional authentic estate credit card debt investments. The Firm primarily invests in transitional floating amount business house loan financial loans with an emphasis on middle-marketplace multi-family members belongings.
HCFT is externally managed and encouraged by OREC Financial commitment Administration, LLC d/b/a Lument Financial commitment Management, a Delaware restricted liability firm. For more information and facts about OREC Investment Management, LLC d/b/a Lument Investment Administration, make sure you see its Variety ADV and brochure (Portion 2A of Type ADV) available at https://www.adviserinfo.sec.gov.
About Lument
ORIX Real Estate Cash Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Company Usa and is a leading nationwide brand name in industrial actual estate finance. As the combined firm of legacy field authorities Hunt Serious Estate Cash, Lancaster Pollard, and Pink Funds Group, Lument delivers a comprehensive established of funds methods custom made for buyers in multifamily, very affordable housing, and seniors housing and healthcare genuine estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA financial institution. In addition, Lument features a suite of proprietary industrial lending, expense banking, and expense management solutions. Lument has around 600 personnel in more than 25 places of work throughout the United States. Securities and expenditure banking services are supplied by OREC Securities, LLC, d/b/a Lument Securities, member FINRA/SIPC. Expense advisory companies are furnished via OREC Financial commitment Administration, LLC, d/b/a Lument Expense Management, an investment adviser registered with the U.S. Securities and Trade Fee. For more information, visit www.lument.com.
Added Information and In which to Locate It
Investors, safety holders and other interested folks may well locate supplemental information and facts relating to the Company at the SEC’s World-wide-web site at http://www.sec.gov/ or the Business website www.huntcompaniesfinancetrust.com or by directing requests to: Hunt Companies Finance Rely on, 230 Park Avenue, 19th Ground, New York, NY 10169, Consideration: Trader Relations.
Ahead-Hunting Statements
Particular statements included in this press launch, any associated webcast / conference connect with, and other oral statements designed by our reps from time to time could constitute ahead-hunting statements intended to qualify for the protected harbor contained in Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act, as amended. Forward-on the lookout statements are topic to challenges and uncertainties. These ahead-wanting statements contain information about feasible or assumed foreseeable future results of our enterprise, fiscal condition, liquidity, results of functions, options and objectives. You can discover ahead-looking statements by use of words these as “feel,” “be expecting,” “anticipate,” “project,” “estimate,” “strategy,” “go on,” “intend,” “must,” “may well,” “will,” “request,” “would,” “could,” or identical expressions or other comparable phrases, or by conversations of approach, options or intentions. Statements pertaining to the pursuing subjects, among the other individuals, may perhaps be forward-seeking: the return on equity the generate on investments the capacity to borrow to finance property and threats related with investing in genuine estate assets, which include adjustments in business circumstances and the general overall economy. Forward-on the lookout statements are centered on our beliefs, assumptions and expectations of our long term efficiency, getting into account all details at present out there to us on the day of this press launch or the date on which these statements are to start with designed. Genuine effects could vary from anticipations, estimates and projections. You are cautioned not to place undue reliance on forward-wanting statements in this press launch and/or any relevant webcast / conference phone and need to take into account meticulously the variables described in Aspect I, Product IA “Risk Elements” in our once-a-year studies on Form 10-K, our quarterly stories on Type 10-Q, and other recent or periodic filings with the Securities and Exchange Commission (“SEC”), when assessing these ahead-hunting statements. Ahead-looking statements are issue to sizeable pitfalls and uncertainties, a lot of of which are difficult to forecast and are generally outside of our management. Moreover, many of these pitfalls and uncertainties are at present amplified by and will keep on to be amplified by, or in the potential may be amplified by, the COVID-19 outbreak. More facts about these and other hazard factors are contained in our 2019 10-K and Kind 10-Q for the quarter finished September 30, 2020, which are available on the Securities and Exchange Commission’s web page at www.sec.gov. Except as expected by applicable legislation, we disclaim any intention or obligation to update or revise any ahead-seeking statements, whether or not as a end result of new information, potential situations or normally.
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