RAIT Financial (RAS) Declares $0.18 Quarterly Dividend; 13.4% Yield
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RAIT Financial Trust Announces Third Quarter Cash Dividend on its Common Shares
September 17, 2015 4:22 PM EDTPHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (RAIT) today announced that on September 17, 2015, RAITs Board of Trustees declared a third quarter 2015 cash dividend on RAITs common shares of $0.18 per common share. The dividend will be paid on October 30, 2015 to holders of record on... More
Independence Realty Trust Completes Acquisition of Trade Street Residential
September 17, 2015 9:28 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT) announced today the completion of its previously announced acquisition of Trade Street Residential, Inc. (Trade Street). The common stock of the combined company will continue to trade under IRTs existing ticker symbol, IRT, on the NYSE MKT.
As a result of the merger, each outstanding share of Trade Street common stock was automatically converted into (a) $3.80 in cash and (b) 0.4108 shares of IRT common stock. In connection with the merger, IRT paid approximately $139.8 million in cash and issued approximately 15.1 million shares... More
