Jbay76 (< 20)

Whose got insight into RAIT Finanacial Trust

October 15, 2010 – Comments (1) | RELATED TICKERS: RAS

After reading a TMF article this morning about REIT's, I came across RAIT Financial Trust.  It looked too good to be true as TMF data had this company giving a dividend of 229%.  WOW!  So, going to the companies website, I learned that the common share, selling at ~ $2.00 does not give a dividend.  Hence the info on TMF was inaccurate.  Its the A, B and C shares that give a dividend.  They're trading at ~ $18-20, ~7-10% divident rate.  So, aside from being bummed that info was inaccurate on TMF, I read the blogs about this company and I just don't get it.  It seems like the purchasers of common stock are helping the company meet its quarterly dividend obligation to holders of A, B, and C shares.  But then again, I don't totally understand what the company does to begin with.

SO...anyone out there in Fooldom willing to shed some light on this compnay for me?

Thanks

J