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PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (NYSE: RAS) (aRAITa) today announced that on December 15, 2011, RAITas Board of Trustees declared a fourth quarter 2011 cash dividend on RAITas common shares of $0.06 per common share. This is the third consecutive quarterly dividend of $0.06 per common share declared by RAIT. The dividend will be paid on January 31, 2012 to holders of record on January 9, 2012. The ex-dividend date is January 5, 2012.

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.