SOURCE: RAIT Financial Trust

December 18, 2006 12:00 ET

RAIT Financial Trust Declares Its Fourth Quarter 2006 Cash Dividend

PHILADELPHIA, PA -- (MARKET WIRE) -- December 18, 2006 -- On December 18, 2006, the Board of Trustees of RAIT Financial Trust ("RAIT") (NYSE: RAS) declared its fourth quarter 2006 cash dividend on its common shares of $0.75 per common share. The dividend will be paid on January 9, 2007 to holders of record on December 28, 2006. The ex-dividend date is December 26, 2006.

RAIT has a Dividend Reinvestment and Share Purchase Plan available to both existing shareholders and interested new investors. Plan information may be obtained from the Plan Administrator, American Stock Transfer & Trust Company, at 1-800-278-4353 or by contacting RAIT at 215-861-7900 or visiting the RAIT investor relations web site at www.raitft.com.

About RAIT Financial Trust

RAIT Financial Trust ("RAIT"), a real estate investment trust ("REIT"), originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States. For more information, please visit www.raitft.com or call Investor Relations at 215-861-7900. If you would like to be added to RAIT's distribution list to receive news, updates and announcements, please visit the investor relations section of the RAIT website at www.raitft.com.

Contact Information

  • RAIT Financial Trust Contact
    Andres Viroslav
    215-861-7923
    Email Contact