PHILADELPHIA--(BUSINESS WIRE)--RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that on September 15, 2014, RAIT’s Board of Trustees declared a third quarter 2014 cash dividend on RAIT’s common shares of $0.18 per common share, representing a 20% increase from the third quarter 2013 dividend of $0.15 per common share. The dividend will be paid on October 31, 2014 to holders of record on October 7, 2014. The ex-dividend date is October 3, 2014.
Fourth Quarter 2014 Dividend Guidance – RAIT’s board expects to declare a fourth quarter dividend of at least $0.18 per common share.
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.rait.com or call Investor Relations at 215.243.9000.
Forward-Looking Statements and Disclosures
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by RAIT’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: the current uncertainty in the global financial markets and the global economy; whether RAIT’s actual business performance, developments and ability to access the capital markets and economic conditions affecting commercial real estate will affect RAIT’s ability to realize its ability to pay the fourth quarter 2014 dividend; and the risks disclosed in RAIT’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the SEC. Statements in this press release should be evaluated in light of these important factors. RAIT is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.