Lument Finance Trust Q4 Earnings Call Highlights

Total operating expenses, including fees to the external manager, increased to $3.8 million from $3.1 million in the prior quarter. Briggs said the quarter included one-time legal expenses related to REO assets, costs related to the company’s LFT 2021-FL1 redemption in November, and expenses tied to a financing initiative the company elected not to proceed with after securing more attractive terms through other facilities.CFO Jim Briggs said fourth-quarter net interest income was $5.3 million , slightly hig ...