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Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:32 EDTRASRAIT Financial increases Q2 dividend 5.8% to 18c per share
RAIT Financial Trust announced that on June 12, RAITís Board of Trustees declared a Q2 cash dividend on RAITís common shares of 18c per common share, representing a 5.8% increase from the prior quarter's dividend of 17c per common share. The dividend will be paid on July 31 to holders of record on July 11. The ex-dividend date is July 9.
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September 18, 2014
16:22 EDTRASRAIT Financial acquires retail centers for $50.8M
RAIT Financial Trust announced RAITís recent acquisition of two retail centers for a purchase price of $50.8M, substantially below their replacement value. RAIT funded these purchases with $15.8M of available cash and $35M of property level debt. The acquisitions were sourced through Urban Retail Properties, which became a wholly owned subsidiary of RAIT in March. Urban Retail managed these properties for the previous owners and will continue to manage them.
September 16, 2014
16:44 EDTRASRAIT Financial lowers FY14 CAD guidance to 71c-81c from 97c-$1.07
May not compare to consensus $1.05.
16:42 EDTRASRAIT Financial to settle with SEC
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