Key Developments: RAIT Financial Trust (RAS.N)

RAS.N on New York Stock Exchange

7.53USD
1 Aug 2013
Price Change (% chg)

$-0.03 (-0.40%)
Prev Close
$7.56
Open
$7.67
Day's High
$7.91
Day's Low
$7.52
Volume
131,296
Avg. Vol
149,247
52-wk High
$8.85
52-wk Low
$4.53

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Latest Key Developments (Source: Significant Developments)

RAIT Financial Trust Declares Dividend
Thursday, 1 Aug 2013 08:10am EDT 

RAIT Financial Trust declared a second quarter common dividend of $0.13 per common share to shareholders of record on July 12, 2013. The dividend was paid on July 31, 2013. On May 14, 2013, RAIT's Board of Trustees declared a second quarter 2013 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 preferred dividends were paid on July 1, 2013 to holders of record on June 3, 2013  Full Article

RAIT Financial Trust Declares Third Quarter 2013 Preferred Dividends
Tuesday, 30 Jul 2013 02:02pm EDT 

RAIT Financial Trust announced that the Board of Trustees declared a third quarter 2013 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, 2013 to holders of record on September 3, 2013.  Full Article

RAIT Financial Trust Second Quarter Cash Dividend on its Common Shares
Thursday, 20 Jun 2013 04:05pm EDT 

RAIT Financial Trust announced that Board of Trustees declared a second quarter 2013 cash dividend on RAIT`s common shares of $0.13 per common share, representing an 8% increase from the prior quarter's dividend of $0.12 per common share and a 63% increase from the second quarter 2012 dividend of $0.08 per common share. The dividend will be paid on July 31, 2013 to holders of record on July 12, 2013. The ex-dividend date is July 10, 2013.  Full Article

RAIT Financial Trust Declares Second Quarter 2013 Preferred Dividends
Tuesday, 14 May 2013 02:24pm EDT 

RAIT Financial Trust announced that it has declared a second quarter 2013 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 July 1, 2013 to holders of record on June 3, 2013.  Full Article

RAIT Financial Trust Announces Full Exercise of Underwriters’ Option
Tuesday, 2 Apr 2013 08:00am EDT 

RAIT Financial Trust announced the exercise of the underwriters' option to purchase 1,200,000 of the Company's common shares. The option was exercised in connection with the Company's recently announced underwritten public offering which priced on March 28, 2013. Including the shares sold in connection with the underwriters option, a total of 9,200,000 common shares were sold at a price to the public of $7.87 per share. Total net proceeds to the Company from the offering, after deducting the underwriting discount and estimated offering expenses, will be approximately $69.9 million. The offering is expected to close on April 3, 2013. RAIT intends to use the net proceeds to make investments relating to its business and for general corporate purposes. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. Compass Point, JMP Securities and Ladenburg Thalmann & Co. Inc. are acting as the co-managers of the offering.  Full Article

RAIT Financial Trust Prices And Upsizes Public Offering Of Common Stock
Thursday, 28 Mar 2013 08:24am EDT 

RAIT Financial Trust announced the pricing and upsizing of underwritten public offering of 8,000,000 common shares at a public offering price of $7.87 per share. The offering was increased by 1,000,000 shares from the originally announced offering of 7,000,000 shares. The Company has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common shares. The offering is expected to close on April 3, 2013. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to business and for general corporate purposes.  Full Article

RAIT Financial Trust Announces Public Offering Of Common Stock
Wednesday, 27 Mar 2013 04:10pm EDT 

RAIT Financial Trust announced that it has commenced an underwritten public offering of 7,000,000 common shares. The Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.  Full Article

RAIT Financial Trust Increases First Quarter Cash Dividend On Its Common Shares
Monday, 18 Mar 2013 08:00am EDT 

RAIT Financial Trust announced that on March 15, 2013, RAIT`s Board of Trustees declared a first quarter 2013 cash dividend on RAIT`s common shares of $0.12 per common share, representing a 20% increase from the prior quarter's dividend of $0.10 per common share and a 50% increase from the first quarter 2012 dividend of $0.08 per common share. The dividend will be paid on April 30, 2013 to holders of record on April 3, 2013. The ex-dividend date is April 1, 2013.  Full Article

RAIT Financial Trust Declares First Quarter 2013 Preferred Dividends
Tuesday, 29 Jan 2013 05:02pm EST 

RAIT Financial Trust announced that it has declared a first quarter 2013 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 April 1, 2013 to holders of record on March 1, 2013.  Full Article

RAIT Financial Trust Announces Pricing Of Public Offering Of Common Stock
Tuesday, 18 Dec 2012 08:30am EST 

RAIT Financial Trust announced that it has priced an underwritten public offering of 9,000,000 common shares at a public offering price of $5.75 per share. The Company has granted the underwriters a 30-day option to purchase up to 1,350,000 additional common shares. The offering is expected to close on December 21, 2012. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.  Full Article

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