Morrison & Foerster represented the underwriters in connection with the $58.1 million underwritten public offering of 7.875% Series A Cumulative Redeemable Preferred Stock by Lument Finance Trust, Inc. (NYSE: LFT). The offering closed on May 5, 2021. Piper Sandler & Co. and Raymond James & Associates, Inc. served as joint book-running managers and B. Riley Securities, Inc., and JonesTrading Institutional Services LLC served as co-managers.

The MoFo deal team advising on the transaction was led by Washington, D.C. corporate partner Justin Salon and of counsel Emily Beers, and included Washington, D.C. corporate associates Meredith Carr and Caroline Diemer, and New York tax partner Jay Blaivas and associate Harris Cornell.  

Read more about the offering in this press release.