Business & Finance
Business and Finance
Business and Finance
Mon, January 10, 2011 RAIT Financial Trust Declares 2010 Annual Common Dividend
PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (aRAITa) (NYSE: RAS) today announced that after reviewing RAITa™s estimated 2010 REIT taxable income, RAITa™s Board of Trustees (the aBoarda) declared a 2010 annual cash dividend on RAITa™s common shares of $0.03 per common share. The dividend will be paid on January 31, 2011 to holders of record on January 21, 2011. The ex-dividend date is January 19, 2011.
The Board decided to continue its approach of considering whether to declare a dividend on RAITa™s common shares related to RAITa™s 2011 annual REIT distribution requirements once a full year of RAITa™s 2011 REIT taxable income is available. The Board expects to continue to review and determine the dividends on RAITa™s preferred shares on a quarterly basis.
About RAIT Financial Trust
RAIT Financial Trust manages a portfolio of real estate related assets, provides a comprehensive set of debt financing options to the real estate industry and invests in real estate related assets. RAIT's management uses its experience, knowledge and relationship network to seek to generate and manage real estate related investment opportunities for RAIT and for outside investors. For more information, please visit [ www.raitft.com ] or call Investor Relations at 215.243.9000.
