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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number : 001-35845 Maryland ( State or other jurisdiction of incorporation or organization ) 230 Park Avenue , 23rd Floor , New Yor ew York ( Address of principal executive offices ) Title of Each Class : Common Stock , par value $ 0.01 per share LUMENT FINANCE TRUST LUMENT FINANCE TRUST , INC . ( Exact name of registrant as specified in its charter ) Large accelerated filer Non - accelerated filer X Registrant's Telephone Number , including area code ( 212 ) 521-6323 Securities Registered Pursuant to Section 12 ( b ) of the Act : Trading Symbol ( s ) ( I.R.S. Employer Identification No. ) 45-4966519 LFT Securities Registered Pursuant to Section 12 ( g ) of the Act : None . 10169 ( Zip code ) Name of Exchange on Which Registered : New York Stock Exchange Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes or No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Yes or No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes or No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes or No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Accelerated filer Smaller reporting company 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 . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes or No ý The aggregate market value of the registrant's common stock held by non - affiliates of the registrant was approximately $ 55.5 million as of June 30 , 2020 ( the last business day of the registrant's most recently completed second fiscal quarter ) based on the closing sale price on the New York Stock Exchange on that date . As of March 12 , 2021 , there were 24,943,383 outstanding shares of common stock , $ 0.01 par value .