Lument Finance Trust (LFT) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on June 12, 2025, to elect directors, approve executive compensation, determine the frequency of future say-on-pay votes, and ratify the external auditor.

• Proxy materials are provided online to enhance accessibility and reduce environmental impact.

• Shareholders of record as of April 15, 2025, are entitled to vote, with 52,324,472 shares outstanding.

Voting matters and shareholder proposals

• Shareholders will vote on electing six directors, approving executive compensation, setting the frequency of say-on-pay votes, and ratifying KPMG LLP as auditor.

• The board recommends voting for all director nominees, for executive compensation, for annual say-on-pay votes, and for auditor ratification.

• Shareholders may submit proposals for the 2026 meeting by December 30, 2025.

Board of directors and corporate governance

• The board consists of six members, with a majority being independent as per NYSE standards.

• Board committees include audit, compensation, and nominating/governance, all composed of independent directors.

• Directors are evaluated annually for independence, skills, and contributions; no term or age limits are set.

• Board leadership includes a Chairman/CEO and a lead independent director.