Business & Finance
Business and Finance
Business and Finance
Wed, May 18, 2011
Tue, May 17, 2011 RAIT Financial Trust Declares Second Quarter 2011 Preferred Dividends
PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (NYSE: RAS) announced that on May 17, 2011, RAITa™s Board of Trustees declared a second quarter 2011 cash dividend of $0.484375 per share on RAITa™s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAITa™s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAITa™s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on June 30, 2011 to holders of record on June 1, 2011.
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.
