RAIT Financial's Series B Preferred Shares Cross 8.5% Yield Mark

In trading on Wednesday, shares of RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (RAS.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0938), with shares changing hands as low as $24.00 on the day. This compares to an average yield of 7.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRB was trading at a 1.08% discount to its liquidation preference amount, versus the average discount of 4.98% in the "Real Estate" category.

The chart below shows the one year performance of RAS.PRB shares, versus RAS:

Performance Comparison Chart

Below is a dividend history chart for RAS.PRB, showing historical dividend payments on RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares:

RAS.PRB+Dividend+History+Chart

In Wednesday trading, RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares ( RAS.PRB) is currently off about 0.2% on the day, while the common shares ( RAS) are up about 0.9%.

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