0001209191-18-024822.txt : 20180413
0001209191-18-024822.hdr.sgml : 20180413
20180413160755
ACCESSION NUMBER: 0001209191-18-024822
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180319
FILED AS OF DATE: 20180413
DATE AS OF CHANGE: 20180413
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: 18754394
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-03-19
0
0001045425
RAIT Financial Trust
RAS
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
Series D Cumulative Redeemable Preferred Shares
2018-03-19
4
D
0
194530
D
Series E Cumulative Redeemable Preferred Shares
194530
2939190
I
By ARS VI Investor I, LP
The Series D Cumulative Redeemable Preferred Shares are exchangeable into the issuer's Series E Cumulative Redeemable Preferred Shares in certain circumstances on a one-for-one basis, and have no expiration date.
These securities were redeemed by the issuer pursuant to the terms of the Extension Agreement dated as of March 12, 2018 (the "Extension Agreement") among the issuer, certain subsidiaries of the issuer and ARS VI Investor I, LP (the "Investor"). The redemption price per Series D Cumulative Redeemable Preferred Share in the Extension Agreement was $25.00 per share, plus accumulated and unpaid dividends.
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 may designate a trustee on the issuer's board of trustees. The deputized trustee of the Investor is the reporting person, who serves on the issuer's board of trustees as the Investor's representative. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.
s/ Anders F. Laren, attorney-in-fact
2018-04-13