RAIT Financial Trust Declares a Third Quarter Cash Dividend on its Common Shares

PHILADELPHIA--(BUSINESS WIRE)--RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that on September 18, 2012, RAIT’s Board of Trustees declared a third quarter 2012 cash dividend on RAIT’s common shares of $0.09 per common share, representing a 12.5% increase from the prior quarter's dividend of $0.08 per common share. The dividend will be paid on October 31, 2012 to holders of record on October 11, 2012. The ex-dividend date is October 9, 2012.

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.