RAIT Financial Trust Increases Fourth Quarter Cash Dividend on its Common Shares
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYS: RAS) ("RAIT") today announced that on December 12, 2012, RAIT's Board of Trustees declared a fourth quarter 2012 cash dividend on RAIT's common shares of $0.10 per common share,representing an 11% increase from the prior quarter's dividend of $0.09 per common share and a 67% increase from the fourth quarter 2011 dividend of $0.06 per common share. The dividend will be paid on January 31, 2013 to holders of record on January 16, 2013. The ex-dividend date is January 14, 2013.
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 Contact
Andres Viroslav, 215-243-9000
KEYWORDS: United States North America Pennsylvania
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