Five Oaks Investment Corp. Appoints Walter C. Keenan to the Board
April 21, 2015 at 02:50 am IST
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On April 17, 2015, the Board of Directors of Five Oaks Investment Corp. announced that Walter C. Keenan has joined the Board, effective as of such time, to fill the vacancy created by the Board's decision to increase the size of the Board from five directors to six. The Board has affirmatively determined that Mr. Keenan is an independent director pursuant to the applicable rules and regulations promulgated by the New York Stock Exchange and those issued under the Securities Act of 1934, as amended.
Mr. Keenan is not expected to be named to serve on any specific committee of the Board prior to the Company's 2015 Annual Meeting of Stockholders. Since July 2013, he has served as Chief Executive Officer of Advantage Insurance Holdings Ltd.
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.
LUMENT FINANCE TRUST, INC. 
