Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 10, 2019, the Compensation Committee of the Board of Trustees (the
"Board") of RAIT Financial Trust ("RAIT") approved the termination of the RAIT
Financial Trust 2017 Incentive Award Plan (together with its predecessor plans,
the "IAP") to take effect when post-effective amendments (the "S-8 PEAs") to the
S-8 Registration Statements (defined below) became effective under the
Securities Act of 1933, as amended (the "Securities Act"). On December 13, 2019,
RAIT filed the S-8 PEAs with the Securities and Exchange Commission (the "SEC")
to registration statements filed by RAIT on Form S-8 (collectively, the
"S-8 RegistrationStatements") with SEC File Numbers 333-218983, 333-182094,
333-151627, 333-125480, 333-100766 and 333-67452 to remove any unsold securities
from registration under the S-8 Registration Statements. The S-8 PEAs became
automatically effective upon filing with the SEC and as a result, the IAP was
terminated as of December 13, 2019.
Item 7.01 Regulation FD Disclosure.
On December 10, 2019, the Board approved the termination of RAIT's Dividend
Reinvestment and Share Purchase Plan (the "DRSPP") to take effect when a
post-effective amendment (the "S-3 PEA") to the Shelf Registration Statement
(defined below) becomes effective under the Securities Act. On December 13,
2019, RAIT filed the S-3 PEA with the SEC to the registration statement filed by
RAIT on Form S-3 (the "Shelf Registration Statements") with SEC File
Number 333-217776 to remove any unsold securities from registration under the
Shelf Registration Statement. RAIT has requested that the SEC declare the
S-3 PEA effective at 4:30 p.m., Eastern Time, on December 17, 2019 or as soon
thereafter as is practicable.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
RAIT FINANCIAL TRUST 
