The position was recalculated after a 1-for-10 reverse split effective September 9, with 5,256,400 shares outstanding at the relevant close.

AXA S.A., XL Group Investments Ltd and XL Bermuda Ltd may be deemed to beneficially own 334,078 Lument Finance Trust common shares, equal to 6.4%, under an activist Schedule 13D. For investors, the update identifies the stake’s size and status after a 1-for-10 reverse stock split, with no recent purchases or sales reported.

Key Highlights

  • A 1-for-10 Reverse Stock Split became effective on September 9, 2026.
  • Lument Finance Trust had 5,256,400 common shares outstanding at the relevant close.
  • The reporting persons made no common-stock purchases or sales during the 60 days before or immediately after the effective date.

The position represents 6.4% of the company’s common stock and is reported under an activist Schedule 13D. The three entities are the reporting persons named in the ownership update.

AXA S.A. XL Group Investments Ltd and XL Bermuda Ltd are each identified in connection with the beneficial ownership position. The percentage is calculated against 5,256,400 shares of common stock outstanding at the close of Business on September 9, 2026. Lument Finance Trust (NYSE: LFT)’s common stock carries a $0.01 par value. AXA lists its principal office at 25 avenue Matignon, 75,008 Paris.

Reverse Stock Split

The ownership information was updated after Lument Finance Trust implemented a 1-for-10 reverse stock split, effective September 9, 2026. The ownership position was stated as of September 10, 2026.