RAIT Financial Trust (NYSE:RAS) Files An 8-K Other Events

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RAIT Financial Trust (NYSE:RAS) Files An 8-K Other Events

Item8.01

Other Events.

On April21, 2017, the Board of Trustees (the Board) of
RAIT Financial Trust, a Maryland real estate investment trust
(RAIT), acting upon the recommendation of the Boards
Nominating and Governance Committee, determined that the
purported notice of nomination (the Nominating Notice)
that Highland Capital Management, L.P. (Highland), acting
on behalf of Highland Select Equity Master Fund, L.P., submitted
to RAIT on February23, 2017 at approximately 4:46 p.m. E.T.,
approximately 14 minutes prior to the 5:00 p.m. E.T. deadline set
forth in RAITs Amended and Restated Bylaws (the Bylaws)
for the receipt of advance notices of proposed nominations of
candidates for election to the Board at RAITs 2017 Annual Meeting
of Shareholders (the 2017 Annual Meeting) does not comply
with the Bylaws in various respects, particularly Section404 of
the Bylaws, and that, accordingly, Highland has not submitted to
RAIT a timely and proper advance notice of nomination in
compliance with the Bylaws. On April21, 2017, RAIT sent a letter
(the Letter) to Highland indicating that the Board had
determined that the Nominating Notice does not comply with the
Bylaws and that, accordingly, to the Bylaws, if Highland was to
seek to nominate its purported proposed candidates for election
to the Board at the 2017 Annual Meeting, such purported proposed
candidates would be disregarded and any ballots cast for such
purported proposed candidates would be void.A copy of the Letter
is filed as Exhibit 99.1 hereto and is incorporated by reference
in this Item 8.01 in its entirety. The foregoing description of
the Letter does not purport to be complete and is qualified in
its entirety by reference to the complete text of the Letter.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Exhibit Title

99.1 Letter from RAIT Financial Trust to Highland Capital
Management, L.P. dated April21, 2017.

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Important Additional Information And Where To Find
It

RAIT, its trustees and certain of its executive officers are
deemed to be participants in the solicitation of proxies from
RAITs shareholders in connection with the matters to be
considered at RAITs 2017 Annual Meeting of Shareholders.
Information regarding the names of RAITs trustees and executive
officers and their respective interests in RAIT by security
holdings or otherwise can be found in RAITs proxy statement for
its 2016 Annual Meeting of Shareholders, filed with the
Securities and Exchange Commission (SEC) on April14, 2016.
To the extent holdings of RAITs securities have changed since the
amounts set forth in RAITs proxy statement for its 2016 Annual
Meeting of Shareholders, such changes have been reflected on
Initial Statements of Beneficial Ownership on Form 3 or
Statements of Change in Ownership on Form 4 filed with the SEC.
These documents are available free of charge at the SECs website
at www.sec.gov. RAIT intends to file a proxy statement and
accompanying WHITEproxy card with the SEC
in connection with the solicitation of proxies from RAIT
shareholders in connection with the matters to be considered at
RAITs 2017 Annual Meeting of Shareholders. Additional information
regarding the identity of participants, and their direct or
indirect interests, by security holdings or otherwise, will be
set forth in RAITs proxy statement for its 2017 Annual Meeting,
including the schedules and appendices thereto.INVESTORS
AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY
STATEMENT AND THE ACCOMPANYING

WHITE PROXY CARD AND OTHER
DOCUMENTS FILED BY RAIT WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION
. Shareholders will be able to
obtain the Proxy Statement, any amendments or supplements to the
Proxy Statement, the
accompanyingWHITEproxy card, and other
documents filed by RAIT with the SEC for no charge at the SECs
website at www.sec.gov. Copies will also be available at no
charge at the Investor Relations section of RAITs corporate
website atwww.RAIT.com, by writing to RAITs Secretary at
RAIT Financial Trust, Two Logan Square, 100 N. 18th Street, 23rd
Floor, Philadelphia, PA 19103, or by calling RAITs Corporate
Secretary at (215) 207.2100.

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About RAIT Financial Trust (NYSE:RAS)

RAIT Financial Trust (RAIT) is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. The Company’s segments are real estate lending, owning and managing segment, Independence Realty Trust, Inc. (IRT) segment and Taberna Securitization segment. The Company’s real estate lending, owning and managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The Company’s IRT segment concentrates on the ownership of apartment properties in opportunistic markets throughout the United States. The Company’s Taberna Securitization segment includes the ownership and management of approximately three real estate trust preferred securitizations.

RAIT Financial Trust (NYSE:RAS) Recent Trading Information

RAIT Financial Trust (NYSE:RAS) closed its last trading session down -0.01 at 3.06 with 353,764 shares trading hands.

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