RAIT Financial Trust Announces Tax Treatment of Dividends in 2014

PHILADELPHIA--(BUSINESS WIRE)--

RAIT Financial Trust (“RAIT”) RAS today announced the following:

Tax Treatment of 2014 Dividends

Common Shares

RAIT's common shares (the “Common Shares”) are currently listed under the CUSIP #749227609 and trade under the NYSE ticker symbol “RAS”. The aggregate amount of dividends with record dates in 2014 was $0.69 per share. The following table contains information on the 2014 Common Share dividend payments.

Declaration		Record				Distribution			Ordinary			Qualified			Return of
Date		Date		Pay Date		per share			Dividends			Dividends			Capital
12/12/2013		1/7/2014		1/31/2014		$	0.1600		$	0.0031		$	0.0004		$	0.1569
3/18/2014		4/4/2014		4/30/2014		$	0.1700		$	0.0033		$	0.0005		$	0.1667
6/12/2014		7/11/2014		7/31/2014		$	0.1800		$	0.0035		$	0.0005		$	0.1765
9/15/2014		10/7/2014		10/31/2014		$	0.1800		$	0.0035		$	0.0005		$	0.1765

Series A Preferred Shares

RAIT's 7.75% Series A Cumulative Redeemable Preferred Shares (the “Series A Preferred Shares”) are currently listed under the CUSIP #749227203 and trade under the NYSE ticker symbol “RAS PRA”. The aggregate amount of dividends with record dates in 2014 was $1.9376 per share. The following table contains information on the 2014 Series A Preferred Share dividend payments.

Declaration		Record				Distribution			Ordinary			Qualified
Date		Date		Pay Date		per share			Dividends			Dividends
1/29/2014		3/3/2014		3/31/2014		$	0.4844		$	0.4844		$	0.0599
5/13/2014		6/2/2014		6/30/2014		$	0.4844		$	0.4844		$	0.0599
7/29/2014		9/2/2014		9/30/2014		$	0.4844		$	0.4844		$	0.0599
10/28/2014		12/1/2014		12/31/2014		$	0.4844		$	0.4844		$	0.0599

Series B Preferred Shares

RAIT's 8.375% Series B Cumulative Redeemable Preferred Shares (the “Series B Preferred Shares”) are currently listed under the CUSIP #749227302 and trade under the NYSE ticker symbol “RAS PRB”. The aggregate amount of dividends with record dates in 2014 was $2.0936 per share. The following table contains information on the 2014 Series B Preferred Share dividend payments.

Declaration		Record				Distribution			Ordinary			Qualified
Date		Date		Pay Date		per share			Dividends			Dividends
1/29/2014		3/3/2014		3/31/2014		$	0.5234		$	0.5234		$	0.0647
5/13/2014		6/2/2014		6/30/2014		$	0.5234		$	0.5234		$	0.0647
7/29/2014		9/2/2014		9/30/2014		$	0.5234		$	0.5234		$	0.0647
10/28/2014		12/1/2014		12/31/2014		$	0.5234		$	0.5234		$	0.0647

Series C Preferred Shares

RAIT's 8.875% Series C Cumulative Redeemable Preferred Shares (the “Series C Preferred Shares”) are currently listed under the CUSIP #749227500 and trade under the NYSE ticker symbol “RAS PRC”. The aggregate amount of dividends with record dates in 2014 was $2.2188 per share. The following table contains information on the 2014 Series C Preferred Share dividend payments.

Declaration		Record				Distribution			Ordinary			Qualified
Date		Date		Pay Date		per share			Dividends			Dividends
1/29/2014		3/3/2014		3/31/2014		$	0.5547		$	0.5547		$	0.0686
5/13/2014		6/2/2014		6/30/2014		$	0.5547		$	0.5547		$	0.0686
7/29/2014		9/2/2014		9/30/2014		$	0.5547		$	0.5547		$	0.0686
10/28/2014		12/1/2014		12/31/2014		$	0.5547		$	0.5547		$	0.0686

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.