QUANTUMONLINE.COM SECURITY DESCRIPTION:  RAIT Financial Trust, formerly RAIT Investment Trust, 7.75% Series A Cumulative Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/19/2009 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 7.75% ($1.9375) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date which is the first calendar day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.75% $1.94	$25.00 $25.00	3/19/2009 None	NF NR 10/06/2019	Suspended! 3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  August 30, 2019 -- RAIT Financial Trust (OTC Pink: RASF)today announced that it has into entered into an Equity and Asset Purchase Agreement to sell substantially all of its assets to an entity owned by funds managed by affiliates of Fortress Investment Group LLC in a sale process under Section 363 of the United States Bankruptcy Code, as amended. In addition, RAIT also announced that it has commenced voluntary proceedings for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for it and certain of its subsidiaries to facilitate the sale process. RAIT plans to file a motion with the Bankruptcy Court seeking approval of bid procedures in connection with the sale to Fortress. The sale and bid procedures will provide for notice to be given to third parties of the pending sale to Fortress and offer the opportunity for interested parties to submit higher and better bids for RAIT’s assets or propose an alternative transaction. Once the bid procedures have been approved by the Bankruptcy Court, RAIT will initiate the formal bidding process, and at such time interested parties will be able to obtain more information on the bidding process. Following the chapter 11 filing, RAIT will continue to operate as a “debtor-in-possession” under the jurisdiction of the Bankruptcy Court. RAIT expects to file a number of first day motions with the Bankruptcy Court that, among other things, will seek authorization to continue the operations of RAIT in the ordinary course of business during the sale process. RAIT expects to receive court approval for these requests. __________________ From the form 8-K filed with the SEC on 6/12/2018 -- Item 8.01 Other Events. Status of Common and Preferred Dividends. As part of RAIT’s previously announced strategy to take steps to increase liquidity to best position RAIT to meet its financial obligations, on June 12, 2018, the Board determined to suspend the quarterly dividend on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest and the Series D Preferred Shares, representing all of RAIT’s outstanding preferred shares of beneficial interest. The Board also decided to continue the previously announced suspension of the dividend on the Common Shares. RAIT expects that its previous distributions to holders of its Preferred Shares in 2018 will be at least equal to the minimum amounts required in order for RAIT to remain a real estate investment trust for federal tax purposes.

Company's Online Information Links

HOME PAGE:     http://www.rait.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Inv Rel Email Address	IR@raitft.com
General Email Address	info@raitft.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   2929 Arch Street, 17th Floor, Philadelphia, PA 19104
Main Phone Number	215-243-9000
Fax Number	215-243-9039
Investor Relations	215-243-9000
Toll Free Phone Number	Unknown

CEO - Scott F. Schaeffer

CFO - James J. Sebra