Lument Finance Trust announces 1-for-10 reverse stock split effective Sept. 9, 2026
Reuters2026/08/13 20:53- Lument Finance Trust will execute a 1-for-10 reverse stock split to regain compliance with New York Stock Exchange listing rules.
- Split expected to take effect at 5 p.m. ET on Sept. 9, 2026; split-adjusted trading expected to start Sept. 10.
- Every 10 common shares will convert into one share; no fractional shares, with cash paid in lieu.
- Issued and outstanding common shares expected to drop to about 5,300,000 from about 52,500,000.
- Shares will continue trading under ticker LFT; new CUSIP 55025L306.
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