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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (27652)	9/20/2007 7:50:56 AM
From: E_K_S	Read Replies (1) of 78748

Hi Madharry - It looks like RAS will pay their 3rd quarter dividend. biz.yahoo.com From the article:"...On September 10, 2007, the Board of Trustees of RAIT Financial Trust ("RAIT") (NYSE:RAS - News) declared its third quarter 2007 cash dividend on its common shares of $0.46 per common share. The dividend will be paid on October 12, 2007 to holders of record on September 21, 2007. The ex-dividend date is September 19, 2007...." That's almost 5% for the quarter! I kept a stub position from my earlier trade this month hoping that their large distributions continue. I think this stock could eventually trade higher once their sub-prime issues get resolved and more clarity is provided to investors as to the actual assets RAS holds in their portfolio. There is however a class action suit pending that may distract management (and perhaps affect future distributions) which might prolong the stock price recovery. EKS

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