RAIT Financial's Series B Preferred Shares Cross 11% Yield Mark

In trading on Friday, shares of RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (RAS. RB) were yielding above the 11% mark based on its quarterly dividend (annualized to $2.0938), with shares changing hands as low as $18.66 on the day.