Business & Finance
Fri, January 27, 2012 
PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (aRAITa) (NYSE: RAS) today announced the following:
Tax Treatment of 2011 Dividends
Common Shares
During 2011, RAITas common shares (the aCommon Sharesa) were listed under two CUSIPS: CUSIP #749227104 from January 1, 2011 through the effective date on June 30, 2011 of RAITas 1-for-3 reverse stock split (the aReverse Splita) of the Common Shares and CUSIP # 749227609 from July 1, 2011 through December 31, 2011. The Common Shares trade under the NYSE ticker symbol aRASa. The information provided for the dividend paid on the Common Shares on January 31, 2011 has not been adjusted for the Reverse Split. The following table contains information on the 2011 common dividend payments.
| CUSIP | Declaration | Record | Payment | Dividend | Ordinary | Qualified | Return | ||||||||
| # | Date | Date | Date | Paid | Income | Dividend | of | ||||||||
| Capital | |||||||||||||||
| 749227104 | 1/10/2011 | 1/21/2011 | 1/31/2011 | $0.03(a | ) | $0.03 | $0.025 | $0.00 | |||||||
| Total CUSIP # 749227104 | $0.03 | $0.03 | $0.025 | $0.00 | |||||||||||
| 749227609 | 5/17/2011 | 7/08/2011 | 7/29/2011 | $0.06 | $0.00 | $0.00 | $0.06 | ||||||||
| 749227609 | 9/13/2011 | 10/07/2011 | 10/31/2011 | 0.06 | 0.00 | 0.00 | 0.06 | ||||||||
| Total CUSIP #749227609 | $0.12 | $0.00 | $0.00 | $0.12 | |||||||||||
| (a) | Included in the dividend paid on January 31, 2011, is a pass through of AMT preference items in the amount of $0.01 per share. The AMT preference item should be reported as an adjustment on your appropriate AMT tax form. | |
Series A Preferred Shares
RAITas 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 2011, the aggregate amount of dividends paid on the Series A Preferred Shares was $1.4532 per share. For tax reporting purposes, these 2011 dividends will be classified as 100% return of capital. The following table contains information on the 2011 Series A Preferred Share dividend payments.
Declaration | Record | Payment | Total | Return of | ||||
| 1/25/2011 | 3/01/2011 | 3/31/2011 | $0.4844 | $0.4844 | ||||
| 5/17/2011 | 6/01/2011 | 6/30/2011 | 0.4844 | 0.4844 | ||||
| 7/26/2011 | 9/01/2011 | 9/30/2011 | 0.4844 | 0.4844 | ||||
| $1.4532 | $1.4532 |
Series B Preferred Shares
RAITas 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 2011, the aggregate amount of dividends paid on the Series B Preferred Shares was $1.5702 per share. For tax reporting purposes, these 2011 dividends will be classified as 100% return of capital. The following table contains information on the 2011 Series B Preferred Share dividend payments.
Declaration | Record Date | Payment | Total | Return of | ||||
| 1/25/2011 | 3/01/2011 | 3/31/2011 | $0.5234 | $0.5234 | ||||
| 5/17/2011 | 6/01/2011 | 6/30/2011 | 0.5234 | 0.5234 | ||||
| 7/26/2011 | 9/01/2011 | 9/30/2011 | 0.5234 | 0.5234 | ||||
| $1.5702 | $1.5702 | |||||||
Series C Preferred Shares
RAITas 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 2011, the aggregate amount of dividends paid on the Series C Preferred Shares was $1.6641 per share. For tax reporting purposes, these 2011 dividends will be classified as 100% return of capital. The following table contains information on the 2011 Series C Preferred Share dividend payments.
Declaration | Record | Payment | Total | Return of | ||||
| 1/25/2011 | 3/01/2011 | 3/31/2011 | $0.5547 | $0.5547 | ||||
| 5/17/2011 | 6/01/2011 | 6/30/2011 | 0.5547 | 0.5547 | ||||
| 7/26/2011 | 9/01/2011 | 9/30/2011 | 0.5547 | 0.5547 | ||||
| $1.6641 | $1.6641 | |||||||
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.
