rait financial trust (RAS) Key Developments
RAIT Financial Trust Declares Dividend for Second Quarter of 2015, Payable on July 31, 2015
Jun 22 15
RAIT Financial Trust declared a second quarter 2015 cash dividend on RAIT’s common shares of $0.18
per common share. The dividend will be paid on July 31, 2015 to holders of record on July 10, 2015. The
ex-dividend date is July 8, 2015.
RAIT Financial Trust Declares Second Quarter 2015 Preferred Dividends, Payable on June 30, 2015
May 20 15
RAIT Financial Trust announced that on May 20, 2015, RAIT’s Board of Trustees declared a second quarter 2015 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 June 30, 2015 to holders of record on June 1, 2015.
RAIT Financial Trust Prices $223.0 Million Non-Recourse, Floating-Rate CMBS Transaction
May 19 15
RAIT Financial Trust announced the pricing of a non-recourse, floating-rate CMBS transaction collateralized by floating rate commercial real estate first lien mortgage loans, all of which were originated by subsidiaries of RAIT. The transaction involves the issuance and sale by a RAIT subsidiary of investment grade notes totaling approximately $181.2 million with a weighted average cost of LIBOR plus 1.84%, which provides an advance rate to the RAIT subsidiary of approximately 81.2%. RAIT affiliates will retain all of the below investment grade and un-rated subordinated interests totaling approximately $41.8 million. RAIT expects the transaction to close on May 22, 2015, subject to customary closing conditions. RAIT is entering into the transaction to obtain non-recourse, matched-term financing for the loans serving as collateral. RAIT expects to earn a high teens return on its retained interest in the affiliated issuing entity, inclusive of fees less transaction expenses, assuming all of the underlying loans are repaid at their stated maturity and not prepaid, in default or sold.
RAIT Financial Trust Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 03:35 PM
May 1 15
RAIT Financial Trust Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 03:35 PM. Venue: Millennium Broadway Hotel, 145 West 44th Street, New York, New York, United States.
RAIT Financial Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 08:45 AM
Apr 30 15
RAIT Financial Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 08:45 AM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.