PHILADELPHIA--(BUSINESS WIRE)--RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that on June 20, 2013, RAIT’s Board of Trustees declared a second quarter 2013 cash dividend on RAIT’s common shares of $0.13 per common share, representing an 8% increase from the prior quarter's dividend of $0.12 per common share and a 63% increase from the second quarter 2012 dividend of $0.08 per common share. The dividend will be paid on July 31, 2013 to holders of record on July 12, 2013. The ex-dividend date is July 10, 2013.
About RAIT Financial Trust
RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000.