UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~September~~November 163, 2025

LUMENT FINANCE TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland		001-35845		45-4966519
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

230 Park Avenue, 20th Floor

New York, New York 10169

(Address of principal executive offices)

(212) 317-5700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	LFT	New York Stock Exchange
7.875% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share	LFTPrA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 71.01 ~~Regulation~~Entry FDinto ~~Disclosure~~a Material Definitive Agreement.

On ~~September~~November 163, 2025, ~~Lument~~LCMT ~~Finance Trust~~Warehouse, ~~Inc. (the~~LLC (“~~Company~~Seller”), ~~issued~~an indirect awholly ~~press~~owned ~~release~~subsidiary ~~announcing the declaration~~ of aLument ~~cash~~Finance ~~dividend~~Trust, ~~of $0~~Inc.04 ~~per~~(the ~~share~~“Company”), ofentered ~~common~~into ~~stock~~an ~~with respect~~Uncommitted toMaster Repurchase Agreement (the ~~third~~“Repurchase ~~quarter~~Agreement”) ofwith ~~2025,~~JPMorgan asChase ~~further~~Bank, ~~described~~National inAssociation ~~the~~(“JPM” ~~dividend~~or ~~press release~~“Buyer”). The ~~Company~~Repurchase ~~also~~Agreement ~~announced~~provides aup ~~cash~~to ~~dividend of~~ $~~0.4921875~~450 ~~per~~million ~~share~~to offinance ~~7.875%~~first ~~Cumulative~~mortgage ~~Redeemable Series A Preferred Stock~~loans, ascontrolling ~~further~~loan ~~described~~participations inand ~~the~~other ~~dividend press release.~~commercial Amortgage ~~copy~~loan ofdebt ~~the~~instruments ~~dividend~~secured ~~press~~by ~~release~~commercial isreal ~~furnished~~estate, ~~herewith~~ as ~~Exhibit~~described ~~99.1~~in tomore ~~this~~detail ~~Form~~in ~~8-K~~the Repurchase Agreement.

~~The~~Advances ~~information~~under ~~disclosed~~the ~~under~~Repurchase ~~this~~Agreement ~~Item~~accrue ~~7.01,~~interest at per annum ~~including~~rates ~~Exhibit~~equal ~~99.1,~~to ~~shall~~term ~~not~~SOFR beplus ~~deemed~~a ~~“filed”~~spread ~~for~~to ~~purposes~~be ofdetermined ~~Section~~on 18a ofcase-by-case ~~the~~basis ~~Exchange~~between ~~Act~~Seller orand ~~otherwise~~Buyer. ~~subject~~The ~~to the~~initial ~~liabilities~~maturity date of the ~~that~~Repurchase ~~section,~~Agreement ~~nor~~is ~~shall~~November it3, be2028, ~~deemed~~with ~~incorporated~~two by(2) ~~reference~~one-year inextensions ~~any~~at ~~filing~~Seller’s ~~under~~option, ~~the~~which ~~Securities~~may ~~Act~~be orexercised ~~the~~upon ~~Exchange~~the ~~Act,~~satisfaction ~~except~~of ascertain ~~shall~~conditions beas ~~expressly~~described ~~set~~in ~~forth~~more bydetail ~~specific reference~~ in ~~such~~the aRepurchase ~~filing~~Agreement.

In connection with the Repurchase Agreement, the Company entered into a Guarantee Agreement (the “Guarantee”) with JPM, under which the Company guarantees the Seller’s payment and performance obligations under the Repurchase Agreement. Subject to certain exceptions, the maximum liability of the Company under the Guarantee will not exceed 25% of the then currently unpaid aggregate repurchase price of all purchased loans with respect to transactions then outstanding and related obligations under the Repurchase Agreement.

The Repurchase Agreement and Guarantee contain representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. In addition, the Company, as guarantor, is subject to certain financial covenants in respect of the Guarantee, including minimum unencumbered liquidity, minimum tangible net worth, maximum leverage ratio, and an interest charge coverage ratio.

The foregoing summary does not purport to be a complete description and is qualified in its entirety by the Repurchase Agreement and Guarantee, which are filed as exhibits to this Current Report on Form 8-K.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01

Exhibits.

(d) Exhibits.

9910.1 ~~Press~~Uncommitted ~~Release~~Master Repurchase Agreement, dated as of ~~Lument~~November ~~Finance~~3, ~~Trust~~2025, ~~Inc.~~by and between LCMT Warehouse, ~~dated~~LLC ~~September~~and 16JPMorgan Chase Bank, ~~2025~~National Association.

10.2

Guarantee Agreement, dated as of November 3, 2025, by Lument Finance Trust, Inc. in favor of JPMorgan Chase Bank, National Association.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	LUMENT Finance Trust, Inc.
Date: September 19, 2025	By:	/s/ James A. Briggs
Date: November 7, 2025	By:	/s/ James A. Briggs
		James A. Briggs
		Chief Financial Officer

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