Five Oaks Investment Corp. Announces the Resignation of Thomas M. Pearce as Director; Announces Dividend on Common and Preferred Stocks for Months of January, February and March 2015, Common Stock Dividend Payable on January 28, 2016, February 26, 2016, and March 30, 2016, Respectively and Preferred Stock Dividend Payable on January 15, 2016, February 16, 2016 and March 15, 2016 Respectively
December 16, 2015 at 09:39 pm IST
Share
Five Oaks Investment Corp. announced that on December 16, 2015, Five Oaks Investment Corp. announced resignation of Thomas M. Pearce Jr. as a director of the Company, effective December 15, 2015.
The company announced that its board of directors has declared monthly cash dividend rates for the first quarter of 2015 of $0.06 per share of common stock for the months of January, February and March 2016. Record dates for the dividends are January 15, 2016, February 16, 2016, and March 15, 2016, respectively and payment dates are January 28, 2016, February 26, 2016, and March 30, 2016, respectively.
In accordance with the terms of the 8.75% cumulative redeemable preferred stock of the company, the board of directors has also declared monthly cash dividend rates for the months of January 15, 2016, February 16, 2016, and March 15, 2016 of $0.1823 per share of Series A Preferred Stock. The payment dates are January 27, 2016, February 26, 2016 and March 28, 2016 respectively. The record dates are January 15, 2016, February 16, 2016 and March 15, 2016 respectively.
Lument Finance Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, originating, financing and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests or originates in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The Company also invests in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments. It finances its investments in transitional multifamily and other CRE loans primarily through matched-term non-recourse secured borrowings, including collateralized loan obligations (CLO). Its mortgage loan investment portfolio consists of approximately 88 senior secured floating rate loans with an aggregate unpaid principal balance of $1.4 billion. The Company is externally managed by its manager, Lument Investment Management, LLC.
Five Oaks Investment Corp. Announces the Resignation of Thomas M. Pearce as Director; Announces Dividend on Common and Preferred Stocks for Months of January, February and March 2015, Common Stock Dividend Payable on January 28, 2016, February 26, 2016, and March 30, 2016, Respectively and Preferred Stock Dividend Payable on January 15, 2016, February 16, 2016 and March 15, 2016 Respectively
LUMENT FINANCE TRUST, INC. 
