QUANTUMONLINE.COM SECURITY DESCRIPTION:  RAIT Financial Trust, 7.625% Senior Notes due 2024, issued in $25 denominations, redeemable at the issuer's option on or after 4/15/2017 at $25 per note plus accrued and unpaid interest, and maturing 4/15/2024. Interest distributions of 7.625% per annum (1.90625 per annum or $0.47656 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Upon a Fundamental Change, the issuer will be required to make an offer to repurchase all outstanding notes at a repurchase price in cash equal to 101% of the principal amount of the notes plus accrued and unpaid interest (see the prospectus for details). Distributions paid by these debt securities are interest and as such 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. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities 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	7.63% $1.91	$25.00 $25.00	4/15/2017 4/15/2024	NF NR 10/06/2019	1/15, 4/15, 7/15 & 10/15 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.

Company's Online Information Links

HOME PAGE:     http://www.rait.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	IR@raitft.com
General Email Address	info@raitft.com
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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