0001012975-18-000870.txt : 20180629
0001012975-18-000870.hdr.sgml : 20180629
20180629175433
ACCESSION NUMBER: 0001012975-18-000870
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180627
FILED AS OF DATE: 20180629
DATE AS OF CHANGE: 20180629
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Silberstein Andrew Mark
CENTRAL INDEX KEY: 0001559072
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14760
FILM NUMBER: 18930341
MAIL ADDRESS:
STREET 1: 1251 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10020
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RAIT Financial Trust
CENTRAL INDEX KEY: 0001045425
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 232919819
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO LOGAN SQUARE
STREET 2: 100 N. 18TH STREET, 23RD FLOOR
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
BUSINESS PHONE: (215) 207-2100
MAIL ADDRESS:
STREET 1: TWO LOGAN SQUARE
STREET 2: 100 N. 18TH STREET, 23RD FLOOR
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
FORMER COMPANY:
FORMER CONFORMED NAME: RAIT INVESTMENT TRUST
DATE OF NAME CHANGE: 20010227
FORMER COMPANY:
FORMER CONFORMED NAME: RESOURCE ASSET INVESTMENT TRUST
DATE OF NAME CHANGE: 19970904
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2018-06-27
1
0001045425
RAIT Financial Trust
RASF
0001559072
Silberstein Andrew Mark
C/O RAIT FINANCIAL TRUST
2 LOGAN SQUARE, 100 N. 18TH ST, 23RD FL
PHILADELPHIA
PA
19103
0
0
0
1
Trustee
7.75% Series A Cumulative Redeemable Preferred Shares
2018-06-27
4
A
0
383147
A
383147
I
By ARS VI Investor I, LP
8.375% Series B Cumulative Redeemable Preferred Shares
2018-06-27
4
A
0
167828
A
167828
I
By ARS VI Investor I, LP
8.875% Series C Cumulative Redeemable Preferred Shares
2018-06-27
4
A
0
117605
A
117605
I
By ARS VI Investor I, LP
Series D Cumulative Redeemable Preferred Shares
2018-06-27
4
D
0
2270610
D
Series E Cumulative Redeemable Preferred Shares
2270610
668580
I
By ARS VI Investor I, LP
Series D Cumulative Redeemable Preferred Shares
2018-06-27
4
D
0
668580
D
Series E Cumulative Redeemable Preferred Shares
668580
0
I
By ARS VI Investor I, LP
668,580 shares of Series D Cumulative Redeemable Preferred Shares (the "Exchange Shares") were exchanged with the issuer pursuant to the terms of the Redemption and Exchange Agreement dated as of June 27, 2018 (the "Exchange Agreement") among the issuer, certain subsidiaries of the issuer and ARS VI Investor I, LP (the "Investor"). Pursuant to the terms of the Exchange Agreement, the Exchange Shares were exchanged for (i) 383,147 Series A Cumulative Redeemable Preferred Shares, (ii) 167,828 Series B Cumulative Redeemable Preferred Shares and (iii) 117,605 Series C Cumulative Redeemable Preferred Shares.
The reported securities are owned directly by the Investor, a limited partnership in which the reporting person indirectly holds an equity interest. The Investor converted from a limited liability company into a limited partnership on December 31, 2013. Prior to the conversion, the Investor was known as ARS VI Investor I, LLC. Pursuant to the Securities Purchase Agreement dated as of October 1, 2012 among the Investor, the issuer and certain subsidiaries of the issuer, the Investor had the right to designate a trustee on the issuer's board of trustees (the "Designation Right"), and the Investor had previously designated the reporting person to the issuer's board of trustees. The Designation Right was cancelled in connection with the Exchange Agreement, and the reporting person has resigned from the issuer's board of trustees. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.
These securities were redeemed by the issuer pursuant to the terms of the Exchange Agreement. The redemption price per Series D Cumulative Redeemable Preferred Share in the Exchange Agreement was $25.00 per share.
/s/ Andrew Mark Silberstein
2018-06-29