RAIT Financial Trust Announces First Quarter 2018 Preferred Dividends, Status of Common Dividends and Other Items
RAIT FINANCIAL (RAS)
Last rait financial earnings: 11/2 07:30 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=113624
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Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) announced that on March 13, 2018, RAIT’s Board of Trustees (“the Board”) declared regular first quarter 2018 cash dividends of $0.484375 per share on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on April 2, 2018 to holders of record on March 23, 2018. The Board also decided to continue the previously announced suspension of the dividend on RAIT’s common shares for the first quarter of 2018. The Board expects to continue reviewing the status of the preferred and common dividends quarterly. Other Items Q4 and Fiscal 2017 Financial Results RAIT expects to timely file its annual report for the y
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