RAIT Financial Trust Declares Third Quarter 2012 Preferred Dividends
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (RAS) announced that on July 24, 2012, RAITs Board of Trustees declared a third quarter 2012 cash dividend of $0.484375 per share on RAITs 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAITs 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAITs 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on October 1, 2012 to holders of record on September 4, 2012.
About RAIT Financial Trust
RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000.
RAIT Financial Trust
Andres Viroslav, 215-243-9000
Source: RAIT Financial TrustCopyright Business Wire 2012