Business & Finance
Tue, February 1, 2011Mon, January 31, 2011Sun, January 30, 2011Sat, January 29, 2011Fri, January 28, 2011Thu, January 27, 2011Wed, January 26, 2011Tue, January 25, 2011Mon, January 24, 2011Fri, January 21, 2011Thu, January 20, 2011RAIT Financial Trust Announces Tax Treatment of 2010 Dividends
Published in Business and Finance on Wednesday, January 26th 2011 at 14:46 GMT by Market Wire
PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (aRAITa) (NYSE:RAS) today announced the following:
Tax Treatment of 2010 Preferred Dividends
Series A Preferred Shares
RAITa�s 7.75% Series A Cumulative Redeemable Preferred Shares (the aSeries A Preferred Sharesa) are currently listed under the CUSIP #749227203 and trade under the NYSE ticker symbol RAS PRA. During 2010, the aggregate amount of dividends paid on the Series A Preferred Shares was $1.9376 per share. For tax reporting purposes, these 2010 dividends will be classified as follows: $1.9376 as ordinary dividend including $1.6116 that is treated as a qualified dividend. The following table contains this information on a quarterly basis.
Declaration | Record | Payment | Total | Ordinary | Qualified | |||||
| 1/26/2010 | 3/01/2010 | 3/31/2010 | $0.4844 | $0.4844 | $0.4029 | |||||
| 4/22/2010 | 6/01/2010 | 6/30/2010 | 0.4844 | 0.4844 | 0.4029 | |||||
| 7/27/2010 | 9/01/2010 | 9/30/2010 | 0.4844 | 0.4844 | 0.4029 | |||||
| 10/28/2010 | 12/01/2010 | 12/31/2010 | 0.4844 | 0.4844 | 0.4029 | |||||
| $1.9376 | $1.9376 | $1.6116 | ||||||||
Series B Preferred Shares
RAITa�s 8.375% Series B Cumulative Redeemable Preferred Shares (the aSeries B Preferred Sharesa) are currently listed under the CUSIP #749227302 and trade under the NYSE ticker symbol RAS PRB. During 2010, the aggregate amount of dividends paid on the Series B Preferred Shares was $2.0936 per share. For tax reporting purposes, these 2010 dividends will be classified as follows: $2.0936 as ordinary dividend including $1.7414 that is treated as a qualified dividend. The following table contains this information on a quarterly basis.
Declaration | Record | Payment | Total | Ordinary | Qualified | |||||
| 1/26/2010 | 3/01/2010 | 3/31/2010 | $0.5234 | $0.5234 | $0.4353 | |||||
| 4/22/2010 | 6/01/2010 | 6/30/2010 | 0.5234 | 0.5234 | 0.4353 | |||||
| 7/27/2010 | 9/01/2010 | 9/30/2010 | 0.5234 | 0.5234 | 0.4353 | |||||
| 10/28/2010 | 12/01/2010 | 12/31/2010 | 0.5234 | 0.5234 | 0.4353 | |||||
| $2.0936 | $2.0936 | $1.7414 | ||||||||
Series C Preferred Shares
RAITa�s 8.875% Series C Cumulative Redeemable Preferred Shares (the aSeries C Preferred Sharesa) are currently listed under the CUSIP #749227500 and trade under the NYSE ticker symbol RAS PRC. During 2010, the aggregate amount of dividends paid on the Series C Preferred Shares was $2.2188 per share. For tax reporting purposes, these 2010 dividends will be classified as follows: $2.2188 as ordinary dividend including $1.8455 that is treated as a qualified dividend. The following table contains this information on a quarterly basis.
Declaration | Record | Payment | Total | Ordinary | Qualified | |||||
| 1/26/2010 | 3/01/2010 | 3/31/2010 | $0.5547 | $0.5547 | $0.4614 | |||||
| 4/22/2010 | 6/01/2010 | 6/30/2010 | 0.5547 | 0.5547 | 0.4614 | |||||
| 7/27/2010 | 9/01/2010 | 9/30/2010 | 0.5547 | 0.5547 | 0.4614 | |||||
| 10/28/2010 | 12/01/2010 | 12/31/2010 | 0.5547 | 0.5547 | 0.4614 | |||||
| $2.2188 | $2.2188 | $1.8455 | ||||||||
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.
