RAIT Funding, LLC filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on November 14, 2019. As per the plan filed, administrative expense claims of $8.60 million, statutory fees, professional claims, priority tax claims, secured tax claims, other secured claims, other priority claims Paid in full, in cash either on the effective date. Senior note claims and senior note trustee claims of $123.39 million shall be paid in full, in cash on the effective date. General unsecured claim of $3.60 million Receive, at the Debtors’ election payment in cash in an amount equal to the amount of such allowed general unsecured claim. Subordinated Taberna note claims of $18.67 million shall recover 66% of its allowed amount i.e. $12.32 million and will be paid in the form of cash. Subordinated RF Junior Note Claims and RAIT Subordinated Guaranty Claims of $23.75 million shall recover 77% of its allowed amount i.e. $18.29 million and will be paid in the form of cash. Section 510(b) claims shall receive cash in an amount equal to the amount of such allowed section 510(b) claim. Intercompany claims shall be reinstated. Intercompany interests at the debtors’ election, either reinstated for administrative convenience or canceled and released without any distribution. Common interests in RAIT Parent, Preferred will be canceled, released, and extinguished without any recovery or distribution under the plan. The debtors will fund distributions under the plan with cash on hand and the revenues and proceeds of all assets of the debtors, including the sale proceeds. As per the solicitation version of joint plan of reorganization with related disclosure statement filed on December 17, 2019, there is no change in treatment of any claim class.