RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that on February 29, 2012, RAIT’s Board of Trustees declared a first quarter 2012 cash dividend on RAIT’s common shares of $0.08 per common share, representing a 33% increase from the prior quarter's dividend of $0.06 per common share. The dividend will be paid on April 27, 2012 to holders of record on March 28, 2012. The ex-dividend date is March 26, 2012.
About RAIT Financial Trust
RAIT Financial Trust manages a portfolio of real estate related assets, provides a comprehensive set of debt financing options to the real estate industry and invests in real estate related assets. RAIT's management uses its experience, knowledge and relationship network to seek to generate and manage real estate related investment opportunities for RAIT and for outside investors. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000.