On July 29, 2008, RAIT Financial Trust ( RAS) announced that its
Board of Trustees had declared a third quarter 2008 cash dividend of
$0.484375 per share on RAIT’s 7.75% Series A
Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s
8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875
per share on RAIT’s 8.875% Series C Cumulative
Redeemable Preferred Shares. The dividends will be paid on September 30,
2008 to holders of record on September 2, 2008.
About RAIT Financial Trust
RAIT Financial Trust (“RAIT”),
a real estate investment trust (“REIT”),
provides debt financing options to the real estate industry, including
investors in commercial real estate, REITs and real estate operating
companies and their intermediaries, throughout the United States and
Europe. RAIT manages and invests in commercial mortgages, including
whole and mezzanine loans, commercial real estate investments, preferred
equity interests, residential mortgage loans, trust preferred securities
and subordinated debentures. RAIT generates income for distribution from
its portfolio of investments and assets under management. For more
information, please visit www.raitft.com
or call Investor Relations at 215-243-9000.
